Japan Trade Deficit Narrows in November

Japanese trade gap declined to ¥892 Billion in November of 2014 from ¥1301 Billion a year earlier as exports rose by 4.9 percent and imports declined by 1.7 percent.

In November, exports grew 4.9 percent year-on-year to ¥6189 billion. Sales to Asia, which account for more than half of the country's total exports, rose 5.9 percent (10.5 percent a month earlier). Shipments to China increased only by 0.9 percent, to Hong Kong by 16.8, to Taiwan by 3.5 percent and to South Korea by 11.4 percent. Exports to the United States increased by 6.8 percent while to Western Europe declined by 0.5 percent.

By commodity, exports increased among following categories: electrical machinery (7.4 percent), machinery (6.2 percent), manufactured goods (4.5 percent) and chemicals (3.7 percent). In contrast, sales of transport equipment declined by 2.9 percent.

Imports dropped by 1.7 percent year-on-year to ¥7081 billion supported by decline in price of energy commodities. Shipments of mineral fuels decreased by 12.2 percent with crude oil dropping by 21.6 percent.

The biggest trade deficits were reported with: China, Saudi Arabia, Australia, United Arab Emirates, Russia, Malaysia and Kuwait. The biggest trade surpluses were reported with: United States, Hong Kong, South Korea, Singapore and Taiwan.

Japan Trade Deficit Narrows in November

Ministry of Finance, Japan | anna@tradingeconomics.com
12/17/2014 12:26:57 AM