Exports from Japan slumped 28.3 percent yoy to JPY 4.18 trillion in May 2020, compared with market consensus of a 17.9 percent drop and after a 21.9 percent fall in April. Sales fell for the 18th straight month and at the sharpest pace in more than 10 years amid weakening global demand and the ongoing COVID-19 pandemic. Shipments of transport equipment plunged 60.3 percent after falling 45.5 percent in the previous month dragged mainly by motor vehicles (-64.1 percent). Meanwhile, exports also fell sharply for machinery (-23.2 percent), electrical machinery (-13.7 percent), manufactured goods (-23.8 percent), and mineral fuels (-72.6 percent). Among top commercial partners, exports to the United States plummeted 50.6 percent after dropping 37.8 percent in April, whereas those to China fell by a softer pace of 1.9 percent compared to a 4.1 percent drop.
Exports in Japan averaged 3413.06 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 July 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.