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.