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.