Japan Balance of Trade  1963-2017 | Data | Chart | Calendar | Forecast

Japan's trade surplus fell to JPY 439.91 billion in June of 2017 from JPY 686.47 billion in the same month a year earlier and below market consensus of a surplus of JPY484.7 billion. Exports rose 9.7 percent from a year earlier to JPY 6,607.5 billion while imports jumped 15.5 percent to JPY 6,167.6 billion. Balance of Trade in Japan averaged 368.09 JPY Billion from 1963 until 2017, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014.

Japan Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-21 11:50 PM Apr ¥482B ¥615B ¥520.7B ¥550B
2017-06-18 11:50 PM May ¥-203B ¥482B ¥76B ¥100B
2017-07-19 11:50 PM Jun ¥440B ¥-203.4B ¥484.7B ¥480B
2017-08-17 11:50 PM Jul ¥440B
2017-09-20 11:50 PM Aug
2017-10-23 11:50 PM Sep




Japan Trade Surplus Narrows 35.9% YoY In June


Japan's trade surplus fell 35.9 percent to JPY 439.91 billion in June of 2017 from JPY 686.47 billion in the same month a year earlier and below market consensus of a surplus of JPY 484.7 billion. Exports rose 9.7 percent from a year earlier to JPY 6,607.55 billion while imports jumped 15.5 percent to JPY 6,167.65 billion.

In June, sales rose 9.7 percent year-on-year to JPY 6,607.55 billion. The figure came in slightly above market estimates of a 9.5 percent increase and marked the seventh straight month of gain in exports. Sales of transport equipment grew by 4.8 percent, supported by motor vehicles (5.0 percent) and parts of motor vehicles (13.1 percent). Also, outbound shipments of machinery went up 13.8 percent, boosted by power generating machine (11.1 percent) and semicon machinery (38.2 percent). Sales of manufactured goods increased by 7.9 percent, led by iron and steel products (19.0 percent). In addition, exports of electrical machinery rose 10.1 percent, mainly driven by semiconductors (11.3 percent) and IC (16.4 percent). Sales of chemicals went up 11.1 percent, boosted by organic chemicals (6.6 percent) and plastic materials (9.8 percent). Exports of others rose 14.2 percent, driven by scientific, optical instruments (20.7 percent). In contrast, outbound shipments of foodstuff declined by 2.1 percent.

Among major trading partners, exports rose to China (19.5 percent); the US (7.1 percent); the EU (9.6 percent), of which Germany (10.6 percent); South Korea (26.7 percent); and Australia (9.0 percent).

Imports jumped 15.5 percent to JPY 6,167.65 billion, beating consensus of a 14.6 percent rise. Purchases rose for all categories: mineral fuels (31.1 percent), of which petroleum (3.1 percent); electrical machinery (5.5 percent); chemicals (9.5 percent); machinery (22.1 percent); transport equipment (9.3 percent) and others (9.8 percent), of which scientific, optical instrument (9.3 percent); foodstuff (12.9 percent); manufactured goods (14.6 percent) and raw materials (24.1 percent). 

Among major trading partners, imports rose from China (5.2 percent); the US (19.3 percent); Taiwan (29.0 percent); the EU (11.6 percent), of which Germany (13.9 percent); South Korea (12.0 percent); and Australia (83.0 percent).

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
7/20/2017 8:16:50 AM


Recent Releases

Japan Trade Gap Widens Sharply In May
Japan's trade deficit widened to JPY 203.4 billion in May 2017 from JPY 47.4 billion in the same month a year earlier while missing market expectations of a JPY 76 billion surplus. Imports jumped 17.8 percent from the previous year to JPY 6,054.7 billion, boosted by higher purchases of mineral fuels, electrical machinery, chemicals and machinery. Exports increased at a slower 14.9 percent to JPY 5,851.4 billion, due to higher shipments of transport equipment, machinery, manufactured goods and electrical machinery.
Published on 2017-06-19

Japan Trade Surplus Narrows 40.6% YoY In April
Japan's trade surplus narrowed 40.6 percent to JPY 481.7 billion in April 2017 from JPY 811.2 billion a year earlier and below market consensus of a JPY 520.7 billion surplus. It was the smallest trade surplus since January, as exports rose less than imports.
Published on 2017-05-22

Japan Trade Surplus Narrows 17.5% YoY In March
Japan posted a JPY 614.7 billion trade surplus in March of 2017, smaller than a JPY 744.9 billion surplus a year earlier but above market expectations of a JPY 575.8 billion surplus, as exports rose less than imports.
Published on 2017-04-20

Japan Trade Surplus Jumps 245% YoY In February
Japan recorded a JPY 813.4 billion trade surplus in February of 2017, higher than a JPY 235.5 billion surplus a year earlier and slightly below market expectations of JPY 822 billion. Exports jumped 11.3 percent year-on-year, better than expectations of a 10.6 percent rise and the biggest gain since January of 2015, boosted by sales to China. Imports increased 1.2 percent, also higher than forecasts of a 0.6 percent gain, mainly due to oil.
Published on 2017-03-22



Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 439.91 -203.37 1608.67 -2795.04 JPY Billion [+]
Exports 6607.55 5851.36 7681.69 105.08 JPY Billion [+]
Imports 6167.65 6054.73 8047.03 162.06 JPY Billion [+]
Current Account 1653.90 1951.90 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 3.70 3.10 4.70 -1.00 percent [+]
External Debt 387147.00 399002.00 399002.00 141743.00 JPY Billion [+]
Terms of Trade 102.90 101.20 276.10 83.10 Index Points [+]
Foreign Direct Investment 16182.00 4658.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 20600.00 10673.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 14478000.00 12476000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2294700.00 2578900.00 2578900.00 225806.00 [+]
Gold Reserves 765.22 765.20 765.22 753.54 Tonnes [+]
Terrorism Index 2.45 0.00 2.52 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 Notes

Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. But since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas. In 2015, trade gap fell 77.9 percent from a record high deficit in the previous year, helped by plunge in oil prices. In 2015, the biggest trade surpluses were recorded with: United States, Hong Kong, South Korea, Taiwan and Singapore. The biggest trade deficits were recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia and Malaysia. 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
439.91 -203.37 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.70 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -12959.90 Jun/17
Indonesia 1631.20 Jun/17
Italy 4341.51 May/17
Japan 439.91 Jun/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1198829.00 Apr/17
Switzerland 2812.51 Jun/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17