Exports from Japan slumped 21.9 percent yoy to JPY 5.20 trillion in April 2020, compared with market consensus of a 22.7 percent drop and after an 11.7 percent fall in March. Sales fell for the 17th straight month and at the sharpest pace since October of 2009 amid weakening global demand and the ongoing COVID-19 pandemic. Shipments of transport equipment plunged 45.5 percent after falling 18.2 percent in the previous month dragged mainly by motor vehicles (-50.6 percent), those of machinery declined 23.4 percent after tumbling 17.9 percent and electrical machinery went down 8.8 percent. Also, exports of chemicals fell 6.3 percent after a 5.2 percent decline. Among top commercial partners, exports to the United States plummeted 37.8 percent after dropping 16.5 percent in March, whereas those to China fell by a softer pace of 4.1 percent compared to an 8.7 percent drop.
Exports in Japan averaged 3413.06 JPY Billion from 1963 until 2020, reaching an all time high of 7681.69 JPY Billion in March of 2008 and a record low of 105.08 JPY Billion in January of 1963. This page provides the latest reported value for - Japan Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Exports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Ministry of Finance, Japan
Exports in Japan is expected to be 4700.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Japan to stand at 6500.00 in 12 months time. In the long-term, the Japan Exports is projected to trend around 5200.00 JPY Billion in 2021 and 5700.00 JPY Billion in 2022, according to our econometric models.