Japan's trade deficit decreased sharply to JPY 187.1 billion in May 2021 from a JPY 856.7 billion in the same month a year earlier but missing market consensus of a gap of JPY 91.2 billion. Exports jumped 49.6 percent year-on-year to JPY 6,261 billion while imports rose at a softer 27.9 percent to JPY 6,448 billion. Considering the first five months of the year, the trade gap narrowed sharply to JPY 996.69 billion from JPY 1,195 billion in the same period of 2020. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 343.73 JPY Billion from 1963 until 2021, 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 June of 2021.

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. Looking forward, we estimate Balance of Trade in Japan to stand at 500.00 in 12 months time. In the long-term, the Japan Balance of Trade is projected to trend around 500.00 JPY Billion in 2022 and 160.00 JPY Billion in 2023, according to our econometric models.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-187.15 253.10 1608.68 -2795.12 1963 - 2021 JPY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-16 11:50 PM Feb ¥217.4B ¥-325.4B ¥420B ¥450B
2021-04-18 11:50 PM Mar ¥663.7B ¥215.9B ¥490B ¥ 300B
2021-05-19 11:50 PM Apr ¥255.3B ¥662.2B ¥140B ¥150B
2021-06-15 11:50 PM May ¥-187.1B ¥253.1B ¥-91.2B ¥-78B
2021-07-19 11:50 PM Jun ¥-187.1B ¥ -300B
2021-08-18 11:50 PM Jul
2021-09-15 11:50 PM Aug
2021-10-18 11:50 PM Sep ¥ 300B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Japan Trade Gap Narrows Less than Estimated
Japan's trade deficit decreased sharply to JPY 187.1 billion in May 2021 from a JPY 856.7 billion in the same month a year earlier but missing market consensus of a gap of JPY 91.2 billion. Exports jumped 49.6 percent year-on-year to JPY 6,261 billion while imports rose at a softer 27.9 percent to JPY 6,448 billion. Considering the first five months of the year, the trade gap narrowed sharply to JPY 996.69 billion from JPY 1,195 billion in the same period of 2020.
2021-06-16
Japan Trade Surplus Beats Estimates
Japan posted a trade surplus of JPY 255.3 billion in April 2021, reversing from a deficit of JPY 936.9 billion in the same month a year earlier and well above market consensus of a surplus of JPY 140 billion. Exports jumped 38 percent yoy to JPY 7,181 billion while imports rose at a softer 12.8 percent to a 27-month high of JPY 6,925 billion. Considering the first four months of the year the trade surplus was at JPY 809.54 billion, swinging from a gap of JPY 1,138 billion.
2021-05-20
Japan Trade Surplus Beats Estimates
Japan's trade surplus soared to JPY 663.72 billion in March 2021 from JPY 7.49 billion in the same month a year earlier and easily exceeding market expectations of a JPY 490 billion surplus. This was the largest trade surplus since December last year, as exports rose more than imports. Exports jumped 16.1 percent year-on-year to a near three-year high of JPY 7.38 billion while imports grew by 5.7 percent to a 14-month high of JPY 6.71 billion. Considering the first three months of the year, the trade surplus was at JPY 554.22 billion, reversing from a deficit of JPY 201.01 billion in the same period of 2020.
2021-04-18
Japan Trade Surplus Narrows Sharply
Japan's trade surplus narrowed to JPY 217.4 billion in February of 2021 from JPY 1,106.6 billion in the same month a year earlier and against market expectations of a JPY 420 billion surplus. Exports dropped 4.5 percent to JPY 6.04 trillion, dragged by lower sales to the US and Hong Kong. Meantime, imports climbed 11.8 percent to JPY 5.82 trillion, nudged by purchases from China.
2021-03-16

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.