Exports from Japan declined 8.2 percent from a year earlier to JPY 6.14 trillion in August 2019, the ninth straight month of decrease and compared to market expectations of a 10.9 percent fall, amid weakening global demand and the US-China trade dispute. Lower sales were recorded in transport equipment (-8.2 percent); machinery (-12.3 percent); electrical machinery (-8.1 percent); manufactured goods (-11 percent); and chemicals (-5.1 percent). Among main trading partners, exports dropped to to China (-12.1 percent), the US (-4.4 percent), Hong Kong (-11.5 percent), South Korea (-9.4 percent), Taiwan (-8.5 percent) and the EU (-1.3 percent). Exports in Japan averaged 3376.77 JPY Billion from 1963 until 2019, 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.
Exports in Japan is expected to be 6580.00 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 7100.00 in 12 months time. In the long-term, the Japan Exports is projected to trend around 7050.00 JPY Billion in 2020, according to our econometric models.