Japan's trade deficit surged to JPY 2,384.7 billion in May 2022 from JPY 212.9 billion in the same month a year earlier. This was the tenth straight month of trade shortfall and the largest amount since January 2014, amid a surge in imports. Inbound shipments climbed 48.9% yoy to a fresh record peak of JPY 9,636.7 billion, while outbound shipments grew by 15.8% to JPY 7,252.1 billion. Considering the first five months of the year, Japan posted a trade gap of JPY 6,498.1 billion, compared with a surplus of JPY 478.3 billion in the corresponding period of 2021. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 325.25 JPY Billion from 1963 until 2022, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Balance of Trade in Japan is expected to be 300.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Balance of Trade is projected to trend around 500.00 JPY Billion in 2023 and 160.00 JPY Billion in 2024, according to our econometric models.

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Japan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 11:50 PM Apr ¥-839.2B ¥-414.1B ¥-1150B ¥-1000B
2022-06-15 11:50 PM May ¥-2384.7B ¥-842.8B ¥-2022.6B ¥-1750B
2022-07-20 11:50 PM Jun ¥-2384.7B ¥ 300B


Related Last Previous Unit Reference
Balance of Trade -2384.70 -842.80 JPY Billion May 2022
Current Account 501.10 2549.30 JPY Billion Apr 2022
Imports 9636.74 8915.41 JPY Billion May 2022
Exports 7252.07 8076.24 JPY Billion May 2022
External Debt 559569.00 530973.00 JPY Billion Mar 2022
Foreign Direct Investment 8064.60 1125.04 JPY HML Apr 2022
Capital Flows -9473.00 14764.00 JPY HML Apr 2022

Japan Balance of Trade
Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. However, the trade balance swung to deficit in 2011, as the Fukushima nuclear disaster forced the country to increase its purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017, but in 2018 and 2019 Japan's trade balance shifted back into deficit amid persistent trade tensions between the US and China, and sluggish global growth. In 2019, Japan reported the biggest trade surpluses with the US, Hong Kong, South Korea, Taiwan, Singapore and the Netherlands. The biggest trade deficits were recorded with China, Australia, Saudi Arabia, the UAE and Qatar.
Actual Previous Highest Lowest Dates Unit Frequency
-2384.70 -842.80 1608.68 -2795.12 1963 - 2022 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Logs Largest Trade Deficit in Over 8 Years
Japan's trade deficit surged to JPY 2,384.7 billion in May 2022 from JPY 212.9 billion in the same month a year earlier. This was the tenth straight month of trade shortfall and the largest amount since January 2014, amid a surge in imports. Inbound shipments climbed 48.9% yoy to a fresh record peak of JPY 9,636.7 billion, while outbound shipments grew by 15.8% to JPY 7,252.1 billion. Considering the first five months of the year, Japan posted a trade gap of JPY 6,498.1 billion, compared with a surplus of JPY 478.3 billion in the corresponding period of 2021.
2022-06-16
Japan Trade Gap Below Forecasts
Japan reported a trade deficit of JPY 839.2 billion in April 2022, compared with market consensus of a gap of JPY 1,159 billion and swinging from a surplus of JPY 226.8 billion in the same month a year earlier. The latest figure marked the ninth straight month of trade shortfall, as exports grew by 12.5% yoy, the least in three months, to JPY 8,076.2 billion while imports jumped 28.2% to a fresh record peak of JPY 8,915.4 billion due to rising crude oil prices and a weak yen. Considering the first four month of the year, Japan posted a trade deficit of JPY 4,113.4 billion, compared to a surplus of JPY 691.2 billion in the corresponding period of 2021.
2022-05-19
Japan Trade Gap Widens More than Expected
Japan reported a trade deficit of JPY 412.39 billion in March 2022, compared with market consensus of a gap of JPY 100.8 billion and reversing from a surplus of JPY 615.63 billion in the same month a year earlier. The latest figure marked the eighth straight month of trade shortfall, as exports grew by 14.7% yoy to JPY 8,460.9 billion while imports jumped 31.2% to JPY 8,873.3 billion. Considering the first three month of the year, Japan posted a trade deficit of JPY 3,274.2 billion, compared to a surplus of JPY 464.4 billion in the corresponding period of 2021.
2022-04-19