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

Japan's trade surplus narrowed 40.7 percent to JPY 285.36 billion in October 2017 from JPY 481.16 billion in the same month a year earlier and below market consensus of a JPY 330 billion surplus. Exports rose 14 percent from a year earlier to JPY 6,693.07 billion while imports increased at a faster 18.9 percent to JPY 6,407.72 billion. Balance of Trade in Japan averaged 368.10 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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Japan October Trade Surplus Narrows 41% YoY


Japan's trade surplus narrowed 40.7 percent to JPY 285.4 billion in October 2017 from JPY 481.26 billion in the same month a year earlier and below market consensus of a JPY 330 billion surplus. Exports rose 14 percent from a year earlier to JPY 6,693.1 billion while imports increased at a faster 18.9 percent to JPY 6,407.7 billion.

Exports from Japan rose 14 percent from the previous year to JPY 6,693.1 billion in October, easing from a 14.1 percent gain in the previous month and missing market expectations of 15.8 percent. It was the 11th consecutive increase in exports, mainly boosted by a surge in exports of cars (6 percent), parts of motor vehicles (6.5 percent), and chemical products (23.4 percent). Also, sales of machinery went up 17.8 percent, boosted by power generating machine (10.5 percent) and semicon machinery (29.5 percent). Sales of manufactured goods increased by 15.2 percent, led by iron and steel products (15.6 percent). In addition, exports of electrical machinery rose 11.4 percent, mainly driven by semiconductors (9.1 percent) and IC (10.5 percent). Exports of others rose 16.5 percent, driven by scientific, optical instruments (16.1 percent).
 
Among major trading partners, exports rose to China (26 percent); the US (7.1 percent); the EU (15.8 percent), of which Germany (10.2 percent); the ASEAN (19.5 percent), South Korea (18.3 percent), and Taiwan (4.8 percent).
 
Imports to Japan rose at a faster 18.9 percent to JPY 6,407.7 billion, accelerating from a 12 percent expansion in the previous month and missing expectations of 20.2 percent. Imports grew for mineral fuels (37.5 percent), of which petroleum (43 percent), LNG (15.5 percent) and coal (36.6 percent); electrical machinery (15 percent), of which semiconductors (23 percent) and IC (33.3 percent); foodstuff (21.1 percent); raw materials (17. 5 percent); chemicals (9.5 percent); manufactured goods (17.1 percent), of which nonferrous metals (28.4 percent); machinery (10.3 percent); transport equipment (1.9 percent); and others (21.1 percent).
 
Among major trading partners, imports rose from China (14.3 percent); the US (3.1 percent); the ASEAN (21.8 percent); Taiwan (22.7 percent); South Korea (12.2 percent); the EU (18.1 percent), of which Germany (19.8 percent) and Australia (12.6 percent).
 

Ministry of Finance, Japan | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/20/2017 11:26:08 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-19 11:50 PM Balance of Trade ¥113.6B ¥422B ¥94B ¥115B
2017-10-18 11:50 PM Balance of Trade ¥670B ¥112.6B ¥559.8B ¥525B
2017-11-19 11:50 PM Balance of Trade ¥285.4B ¥668B ¥330B ¥450B
2017-12-18 11:50 PM Balance of Trade ¥285.4B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 285.36 667.71 1608.67 -2795.04 JPY Billion [+]
Exports 6693.07 6811.00 7681.69 105.08 JPY Billion [+]
Imports 6407.72 6143.36 8047.03 162.06 JPY Billion [+]
Current Account 2271.20 2380.40 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 3.70 3.10 4.70 -1.00 percent [+]
External Debt 390590.00 387147.00 399002.00 141743.00 JPY Billion [+]
Terms of Trade 103.30 104.40 276.10 83.10 Index Points [+]
Foreign Direct Investment 21495.00 5927.00 45202.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 20327.00 19217.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 15118000.00 16720000.00 23192000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2595200.00 2280100.00 2681500.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.54 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

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
285.36 667.71 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17