Exports from Japan increased 8.2 percent year-on-year to JPY 7.24 trillion in October 2018, missing market expectations of a 9 percent surge and after an upwardly revised 1.3 percent decrease in September. Higher shipments were recorded for: transport equipment (9 percent); machinery (7.7 percent); electrical machinery (8.2 percent); manufactured goods (9.2 percent); chemicals (13.5 percent) and others (1.4 percent). Among major trading partners, sales rose to China (9 percent); the US (11.6 percent); the EU (7.7 percent); South Korea (1.7 percent); and Taiwan (6.4 percent). Exports in Japan averaged 3334.33 JPY Billion from 1963 until 2018, 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.
Exports in Japan is expected to be 6860.47 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 6981.15 in 12 months time. In the long-term, the Japan Exports is projected to trend around 6450.00 JPY Billion in 2020, according to our econometric models.