Japan Balance of Trade  1963-2018 | Data | Chart | Calendar | Forecast

Japan recorded a trade deficit of 231 JPY billion in July of 2018, compared to a JPY 407 billion surplus a year ago and to a JPY 50 billion gap expected by consensus. Exports rose by 3.9 percent year-on-year to JPY 6747 billion, down from a 6.7 percent rise in June and below expectations of a 6.3 percent gain. Meantime, imports grew 14.6 percent year-on-year to JPY 6,979 billion, up from a 2.5 percent jump in June and slightly above market consensus of a 14.4 percent rise. Balance of Trade in Japan averaged 364.27 JPY Billion from 1963 until 2018, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014.

Japan Balance of Trade
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Japan Trade Balance Swings to Deficit


Japan recorded a trade deficit of 231 JPY billion in July of 2018, compared to a JPY 407 billion surplus a year ago and to a JPY 50 billion gap expected by consensus. Exports rose by 3.9 percent year-on-year to JPY 6747 billion, down from a 6.7 percent rise in June and below expectations of a 6.3 percent gain. Meantime, imports grew 14.6 percent year-on-year to JPY 6,979 billion, up from a 2.5 percent jump in June and slightly above market consensus of a 14.4 percent rise.

Exports  rose by 3.9 percent year-on-year to JPY 6747 billion, down from a 6.7 percent rise in June and below expectations of a 6.3 percent gain. Exports of electrical machinery lost steam and expanded 7.0 percent (vs 8.4 percent in the previous month). Notable growth was observed for: mineral fuels (+43.1 percent), medical products (+24.1 percent), and foodstuff (+21.7 percent). In contrast, exports of transport equipment declined 4.0 percent, triggered by a 29.8 percent drop in ships.

By country, Exports to China rose 11.9 percent (vs 11.1 percent in June). In contrast, exports to the United States fell 5.2 percent after a 0.9 percent dip; it was the second straight drop in 18 months amid global trade tensions. 

Meantime, imports grew 14.6 percent year-on-year to JPY 6,979 billion, up from a 2.5 percent jump in June and slightly above market consensus of a 14.4 percent rise. Purchases of transport equipment surged 16.4 percent after rising only 5.0 percent in the previous month, while those of foodstuff grew 4.9 percent after remaining unchanged. Also, mineral fuels expanded sharply (+30.7 percent). 

By country, imports from Singapore rose 27.4 percent and from Australia 22.2 percent. Purchases from the China rebounded 6.7 percent (vs -0.6 percent). Imports from the US also rebounded (+11.0 percent vs -2.1 percent).


Mario | mario@tradingeconomics.com
8/16/2018 12:24:19 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-17 11:50 PM Balance of Trade ¥-578B ¥625B ¥-235B ¥ -191B
2018-07-18 11:50 PM Balance of Trade ¥721B ¥-581B ¥534.2B ¥ 315.7B
2018-08-15 11:50 PM Balance of Trade ¥-231B ¥721B ¥-50B ¥ -0.96B
2018-09-18 11:50 PM Balance of Trade ¥-231B ¥ 575.5B
2018-10-17 11:50 PM Balance of Trade ¥ 384.7B
2018-11-18 11:50 PM Balance of Trade ¥ -88.6B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -231.00 721.00 1608.67 -2795.12 JPY Billion [+]
Exports 6747.36 7052.39 7681.69 105.08 JPY Billion [+]
Imports 6978.57 6330.98 8047.03 162.06 JPY Billion [+]
Current Account 1175.60 1938.30 3360.40 -1456.11 JPY Billion [+]
Current Account to GDP 4.02 3.70 4.70 -1.00 percent [+]
External Debt 413448.00 404921.00 413448.00 141743.00 JPY Billion [+]
Terms of Trade 96.00 96.60 276.10 83.10 Index Points [+]
Foreign Direct Investment 16333.00 5651.00 45202.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 5749.00 33063.00 51917.00 -26928.00 JPY HML [+]
Tourism Revenues 22272000.00 27665000.00 27665000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2704500.00 2675000.00 2900700.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.22 753.54 Tonnes [+]
Terrorism Index 3.60 2.45 3.60 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 3.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Japan Balance of Trade

Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. Since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit as the country had to increase purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017. Japan reports the biggest trade surpluses with United States, Hong Kong, South Korea, Taiwan, Singapore and Netherlands. The biggest trade deficits are recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia, Malaysia and Indonesia. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-231.00 721.00 1608.67 -2795.12 1963 - 2018 JPY Billion Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 16514.10 May/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.00 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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