Japan Balance of Trade  1963-2018 | Data | Chart | Calendar | Forecast

Japan posted a trade deficit of JPY 444.6 billion in August of 2018, compared to a JPY 96.8 billion surplus in the same month a year ago while market estimated a gap of JPY 468.7 billion. It was the second straight month of trade gap, mainly due to a surge in imports. Year-on-year, inbound shipments jumped 15.4 percent to JPY 7.1 trillion, above consensus of a 14.9 percent growth and after a 14.6 percent increase in July. Exports grew by 6.6 percent to JPY 6.7 trillion, beating expectations of a 5.6 percent gain and following a 3.9 percent growth in a month earlier. Balance of Trade in Japan averaged 363.05 JPY Billion from 1963 until 2018, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014.

Japan Balance of Trade
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Japan Trade Balance Swings to Deficit in August


Japan posted a trade deficit of JPY 444.6 billion in August of 2018, compared to a JPY 96.8 billion surplus in the same month a year ago while market estimated a gap of JPY 468.7 billion. It was the second straight month of trade deficit, mainly due to a surge in imports.

Year-on-year, inbound shipments jumped 15.4 percent to JPY 7.1 trillion, above consensus of a 14.9 percent growth and after a 14.6 percent increase in July. Purchases of mineral fuels surged 46.3 percent, namely petroleum (59.6 percent); and those of others  expanded 4.6 percent, of which clothing and accessories (5.1 percent), and scientific, optical instruments (2.6 percent). In addition, imports went up for: electrical machinery (7 percent), of which telephony, telegraphy (2.8 percent); machinery (12.9 percent), led by power generating machine (12.3 percent) and computers and units (9.9 percent);
chemicals (5.2 percent), namely medical products (6.4 percent); and manufactured goods (6.7 percent), of which non-ferrous metals (14.3 percent) and manufactures of metals (9 percent). Also, purchases of transport equipment soared 24 percent, largely driven by motor vehicles (0.7 percent) and aircraft (186.7 percent).

Among major trading partners, imports rose from Asia (7.1 percent), mainly from China (5.9 percent); South Korea (6.5 percent); Taiwan (1.6 percent); Thailand (6.6 percent); and Indonesia (18.7 percent), while declined from Malaysia (-6.2 percent). Also, imports grew from the Western European countries (5.4 percent), mainly from Germany (0.1 percent), and Italy (3.5 percent); the EU countries (6.5 percent); and the Middle East (56.4 percent). In addition, purchases surged from the US (21.5 percent), boosted  by aircraft and liquefied natural gas. At the same time, imports from Australia  advanced 24.2 percent.

Exports grew by 6.6 percent to JPY 6.7 trillion in August, beating expectations of a 5.6 percent gain and following a 3.9 percent growth in a month earlier. Sales of transport equipment advanced 8.4 percent, led by motor vehicles (5.3 percent), and those of machinery went up 9.8 percent, namely power generating machine (16.8 percent). Also, exports rose for electrical machinery (5.6 percent), of which semiconductors (4.2 percent) and IC (4.4 percent); manufactured goods (9105 percent), namely iron and steel products (13.4 percent) and non-ferrous metals (13.7 percent); and chemicals (15.1 percent), of which plastic materials (5.4 percent) and organic chemicals (7.8 percent). On the other hand, exports of others declined by 8.4 percent, mainly driven by scientific, optical instruments (-2.4 percent);

Sales to Asia rose 6.8 percent, mainly to China (12.1. percent), Taiwan (11.4 percent), Thailand (9.4 percent), Vietnam (18 percent) and Indonesia (16.8 percent), while those to South Korea (-3.1 percent) and Singapore (-16.4 percent) fell. In addition, outbound shipments increased to the Western European countries (1.1 percent), mainly Germany (10.8 percent) and the UK (2 percent); the EU countries (7.1 percent); and the Middle East (3.9 percent). Also, exports went up to the US (5.3 percent), marking the first growth in three months, mainly driven by medicines, construction and mining machinery, while dropped for the third straight month for US-bound car. In contrast, sales to  Australia declined by 5 percent.

Considering the first eight months 2018, Japan recorded a trade gap of JPY 73.8 billion, compared to a surplus of JPY 1.5 trillion in the same period the preceding year. 


Ministry of Finance l Rida | rida@tradingeconomics.com
9/19/2018 2:28:00 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-18 11:50 PM Balance of Trade ¥721B ¥-581B ¥534.2B ¥ 315.7B
2018-08-15 11:50 PM Balance of Trade ¥-231B ¥721B ¥-50B ¥ -0.96B
2018-09-18 11:50 PM Balance of Trade ¥-445B ¥-232B ¥-468.7B ¥ 575.5B
2018-10-17 11:50 PM Balance of Trade ¥-445B ¥ 384.7B
2018-11-18 11:50 PM Balance of Trade ¥ -88.6B
2018-12-18 11:50 PM Balance of Trade ¥ 445.4B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -444.59 -231.93 1608.67 -2795.12 JPY Billion [+]
Exports 6691.56 6747.93 7681.69 105.08 JPY Billion [+]
Imports 7136.16 6979.86 8047.03 162.06 JPY Billion [+]
Current Account 2010.00 1175.60 3360.40 -1456.11 JPY Billion [+]
Current Account to GDP 4.02 3.70 4.70 -1.00 percent [+]
External Debt 426882.00 413448.00 426882.00 141743.00 JPY Billion [+]
Terms of Trade 96.00 96.00 276.10 83.10 Index Points [+]
Foreign Direct Investment 11334.00 16333.00 45202.00 -3825.00 JPY Hundreds Million [+]
Capital Flows -8462.00 5749.00 51917.00 -26928.00 JPY HML [+]
Tourism Revenues 17929000.00 18634000.00 27665000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2832000.00 2704500.00 2900700.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.22 753.54 Tonnes [+]
Terrorism Index 3.60 2.45 3.60 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 3.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Japan Balance of Trade

Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. Since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit as the country had to increase purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017. Japan reports the biggest trade surpluses with United States, Hong Kong, South Korea, Taiwan, Singapore and Netherlands. The biggest trade deficits are recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia, Malaysia and Indonesia. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-444.59 -231.93 1608.67 -2795.12 1963 - 2018 JPY Billion Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1154.26 Jul/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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