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

Japan's trade surplus fell 17.0 percent to JPY 418.77 billion in July of 2017 from JPY 504.53 billion in the same month a year earlier but above market consensus of a surplus of JPY 392.0 billion. Exports rose 13.4 percent from a year earlier to JPY 6,494.9 billion while imports increased by 16.3 percent to JPY 6,076.1 billion. Balance of Trade in Japan averaged 368.17 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 Trade Surplus Narrows 17% in July


Japan's trade surplus fell 17.0 percent to JPY 418.77 billion in July of 2017 from JPY 504.53 billion in the same month a year earlier but above market consensus of a surplus of JPY 392.0 billion. Exports rose 13.4 percent from a year earlier to JPY 6,494.89 billion while imports increased by 16.3 percent to JPY 6,076.19 billion.

In July, exports rose 13.4 percent from the previous year to JPY 6,494.9 billion in July 2017, just below expectations of a 13.6 percent gain. It was the eighth straight month of increase in exports as all categories lifted. Sales of transport equipment grew by 11.4 percent, supported by motor vehicles (6.0 percent) and parts of motor vehicles (15.8 percent). Also, outbound shipments of machinery went up 13.7 percent, boosted by power generating machine (20.9 percent) and semicon machinery (11.2 percent). Sales of manufactured goods increased by 9.0 percent, led by iron and steel products (5.3 percent). In addition, exports of electrical machinery rose 11.7 percent, mainly driven by semiconductors (11.8 percent) and IC (15.7 percent). Sales of chemicals went up 14.9 percent, boosted by organic chemicals (14.6 percent) and plastic materials (10.5 percent). Exports of others rose 21.2 percent, driven by scientific, optical instruments (20.1 percent). In addition, outbound shipments of foodstuff rose 3.8 percent and those of raw materials gained 20.5 percent.

Among major trading partners, exports rose to China (17.6 percent); the US (11.5 percent); the EU (8.3 percent), of which Germany (12.2 percent); South Korea (16.8 percent) and Taiwan (5.5 percent). 

Imports increased by 16.3 percent from a year earlier to JPY 6,076.1 billion, albeit short of market expectations of a 17 percent gain. Purchases rose for most categories: mineral fuels (25.9 percent), of which petroleum (7.9 percent); electrical machinery (17.2 percent); chemicals (5.1 percent); machinery (29.0 percent); others (5.4 percent), of which scientific, optical instrument (21.4 percent); foodstuff (12.8 percent); manufactured goods (22.2 percent) and raw materials (30.7 percent). In contrast, imports fell for transport equipment (-6.5 percent), mainly due to motor vehicles (-22.8 percent) and aircraft (-12.4 percent).

Among major trading partners, imports rose from China (13.1 percent); the US (13.9 percent); Taiwan (22.4 percent); South Korea (21.9 percent); the EU (3.1 percent), of which Germany (7.0 percent) and Australia (36.1 percent).

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
8/17/2017 8:13:56 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-18 11:50 PM May ¥-203B ¥482B ¥76B ¥100B
2017-07-19 11:50 PM Jun ¥440B ¥-203.4B ¥484.7B ¥480B
2017-08-16 11:50 PM Jul ¥419B ¥440B ¥392B ¥250B
2017-09-20 11:50 PM Aug ¥419B
2017-10-23 11:50 PM Sep
2017-11-20 11:50 PM Oct


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 418.77 439.91 1608.67 -2795.04 JPY Billion [+]
Exports 6494.89 6607.55 7681.69 105.08 JPY Billion [+]
Imports 6076.12 6167.65 8047.03 162.06 JPY Billion [+]
Current Account 934.60 1653.90 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 104.30 102.90 276.10 83.10 Index Points [+]
Foreign Direct Investment 14614.00 16182.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 13292.00 20600.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 21463000.00 14478000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2681500.00 2346500.00 2681500.00 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
418.77 439.91 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17