Exports from Japan edged up 0.1 percent year-on-year to JPY 6.93 trillion in November 2018, missing market expectations of a 1.8 percent gain and after an 8.2 percent increase in the previous month. Higher shipments were recorded for: foodstuff (11.3 percent), chemicals (8.2 percent), manufactured goods (3.0 percent), transport equipment (2.5 percent), and raw materials (1.3 percent). In contrast, exports declined for: electrical machinery (-2.7 percent), machinery (-2.3 percent), and mineral fuels (-1.6 percent). Among major trading partners, sales rose to China (0.4 percent); Thailand (7.4 percent); the US (1.6 percent); the EU countries (3.9 percent); and Australia (7.4 percent). Exports in Japan averaged 3339.68 JPY Billion from 1963 until 2018, 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 6860.00 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 6980.00 in 12 months time. In the long-term, the Japan Exports is projected to trend around 6450.00 JPY Billion in 2020, according to our econometric models.