Japan's trade deficit surged to JPY 2,384.7 billion in May 2022 from JPY 212.9 billion in the same month a year earlier. This was the tenth straight month of trade shortfall and the largest amount since January 2014, amid a surge in imports. Inbound shipments climbed 48.9% yoy to a fresh record peak of JPY 9,636.7 billion, while outbound shipments grew by 15.8% to JPY 7,252.1 billion. Considering the first five months of the year, Japan posted a trade gap of JPY 6,498.1 billion, compared with a surplus of JPY 478.3 billion in the corresponding period of 2021. source: Ministry of Finance, Japan
Balance of Trade in Japan averaged 325.25 JPY Billion from 1963 until 2022, 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 June of 2022.
Balance of Trade in Japan is expected to be 300.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Balance of Trade is projected to trend around 500.00 JPY Billion in 2023 and 160.00 JPY Billion in 2024, according to our econometric models.