Exports from Japan slumped 14.8 percent yoy to JPY 5.23 trillion in August 2020, compared with market consensus of a 16.1 percent drop and after a 19.2 plunge in the previous month. This was the 21th straight month of drop in overseas sales, amid deteriorating global demand due to the ongoing COVID-19 crisis and supply chain interruptions. Shipments of transport equipment plunged 23.2percent, while exports of machinery also fell 16.8 percent, due to power generating machinery (-25.6 percent) and metalworking machinery (-26.8 percent). Also, sales of manufactured goods dropped 14.1 percent, dragged by iron & steel products (-27.4 percent). Exports dropped to the US (-21.3 percent), Western Europe (-15.3 percent), South Korea (-13.8 percent), and Hong Kong (-4 percent) In contrast, sales to China climbed 5.1 percent, losing steam following an 8.2 percent increase in July.
Exports in Japan averaged 3419.11 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 September of 2020. source: Ministry of Finance, Japan
Exports in Japan is expected to be 5600.00 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 5800.00 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.