Japan's trade balance shifted to a deficit of JPY 268.8 billion in June 2020 from a surplus of JPY 588.1 billion in the same month a year earlier and far higher than market expectations of a shortfall of JPY 35.8 billion. Exports tumbled 26.2 percent year-on-year to JPY 4.86 billion while imports plunged 14.4 percent to JPY 5.13 billion. Considering the first six months of the year, trade deficit soared to JPY 2.24 trillion from JPY 895.9 billion in the same period of 2019.

Balance of Trade in Japan averaged 344.13 JPY Billion from 1963 until 2020, 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 August of 2020. source: Ministry of Finance, Japan

Balance of Trade in Japan is expected to be -180.00 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 0.00 in 12 months time. In the long-term, the Japan Balance of Trade is projected to trend around 1010.00 JPY Billion in 2021 and -840.00 JPY Billion in 2022, according to our econometric models.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-268.82 -838.20 1608.68 -2795.12 1963 - 2020 JPY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-19 11:50 PM Mar ¥4.9B ¥1108.8B ¥420B ¥ 400B
2020-05-20 11:50 PM Apr ¥-930B ¥5.4B ¥-560B ¥-480B
2020-06-16 11:50 PM May ¥-833.4B ¥-931.9B ¥-970.8B ¥-880B
2020-07-19 11:50 PM Jun ¥-268.8B ¥-838.2B ¥-35.8B ¥-40B
2020-08-18 11:50 PM Jul ¥-268.8B ¥-260B
2020-09-15 11:50 PM Aug ¥-160B
2020-10-18 11:50 PM Sep ¥ 800B
2020-11-17 11:50 PM Oct ¥90B


News Stream
Japan Trade Balance Swings to Deficit in June
Japan's trade balance shifted to a deficit of JPY 268.8 billion in June 2020 from a surplus of JPY 588.1 billion in the same month a year earlier and far higher than market expectations of a shortfall of JPY 35.8 billion. Exports tumbled 26.2 percent year-on-year to JPY 4.86 billion while imports plunged 14.4 percent to JPY 5.13 billion. Considering the first six months of the year, trade deficit soared to JPY 2.24 trillion from JPY 895.9 billion in the same period of 2019.
2020-07-20
Japan Trade Deficit Narrows Modestly in May
Japan's trade deficit narrowed to JPY 833.4 billion in May 2020 from JPY 965.4 billion in the same month a year earlier, compared to market expectations of a JPY 970.8 billion gap. Year-on-year, exports tumbled 28.3 percent to JPY 4.18 trillion, mainly due to lower sales of transport equipment, machinery, manufactured goods, and mineral fuels. Imports shrank 26.2 percent to JPY 5.02 trillion, dragged by lower purchases of vehicles and mineral fuels.
2020-06-16
Japan Trade Balance Switches to Deficit
Japan's trade balance switched to a deficit of JPY 930 billion in April 2020 from JPY 59 billion surplus in the same month a year earlier, compared to market expectations of a JPY 560 billion gap. Year-on-year, exports tumbled 21.9 percent to JPY 5.20 trillion while imports shrank 7.2 percent to JPY 6.13 trillion.
2020-05-20
Japan March Trade Surplus Far Below Estimates
Japan's trade surplus plunged to JPY 4.95 billion in March 2020 from JPY 517.29 billion in the same month a year earlier and well below market expectations of a JPY 420 billion surplus. Year-on-year, exports tumbled 11.7 percent to JPY 6.36 trillion while imports shrank 5 percent to JPY 6.35 trillion.
2020-04-19

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.