Exports from Japan dropped by 4.2 percent year-on-year to JPY 6.11 trillion in November 2020, defying market consensus of a 0.5 percent increase and marking the 24th straight month of decline, the longest stretch on record based on comparable data going back to 1979. The latest data point suggested a slower pace of recovery for the world's third-largest economy, due to subdued global demand amid the COVID-19 crisis. There were falls in exports of manufactured goods (-10.6 percent) such as iron and steel products; machinery (-3.0 percent) on the back of power generating machine, computer parts and metalworking machinery; and transport equipment (-4.5 percent) led by motor vehicles and parts. In contrast, sales of electrical machinery and chemicals were up. By destination, exports dropped to the US (-2.5 percent), the EU (-2.6 percent), ASEAN (-12.9 percent) and Taiwan (-12.7 percent), whereas sales increased to China (3.8 percent) and South Korea (3.1 percent). source: Ministry of Finance, Japan
Exports in Japan averaged 3433.92 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 January of 2021.
Exports in Japan is expected to be 5700.00 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 6300.00 in 12 months time. In the long-term, the Japan Exports is projected to trend around 6200.00 JPY Billion in 2021 and 6700.00 JPY Billion in 2022, according to our econometric models.