Japan's trade deficit fell to JPY 432.4 billion in April 2023 from JPY 854.9 billion in the same month of the prior year, less than market expectations of a gap of JPY 613.8 billion. It was the 21st straight month of a trade shortfall and the longest sequence since 2015. Exports grew by 2.6% yoy to JPY 8,288.4 billion, the 26th straight month of increase but the softest pace since a drop in February 2021. Meantime, imports declined by 2.3% to JPY 8,720.8 billion, the first drop in 27 months, as a stronger yen and easing commodity prices, including oil, reduced costs. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 293.80 JPY Billion from 1963 until 2023, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -3506.43 JPY Billion in January of 2023. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Balance of Trade in Japan is expected to be 0.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Balance of Trade is projected to trend around -2700.00 JPY Billion in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Japan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-19 11:50 PM Mar ¥-754.5B ¥-898.1B ¥-1294.8B ¥ -1100.0B
2023-05-17 11:50 PM Apr ¥-432.4B ¥-755.1B ¥-613.8B ¥-690B
2023-06-14 11:50 PM May ¥-432.4B ¥-310.0B


Related Last Previous Unit Reference
Balance of Trade -432.41 -755.08 JPY Billion Apr 2023
Current Account 2278.10 2197.20 JPY Billion Mar 2023
Imports 8720.83 9579.08 JPY Billion Apr 2023
Exports 8288.42 8824.00 JPY Billion Apr 2023
Capital Flows 21241.00 32763.00 JPY HML Mar 2023
Foreign Direct Investment 4782.75 17314.54 JPY HML Mar 2023
Imports YoY -2.30 7.30 percent Apr 2023
Exports YoY 2.60 4.30 percent Apr 2023

Japan Balance of Trade
Japan’s trade balance has fluctuated in recent years partly because of disruptions to production and other problems related to the coronavirus pandemic. In 2022, the country recorded persistent monthly trade deficits as imports surged more than exports. On one hand, the weak yen has helped to drive exports to record highs but on the other, it had made the cost of imported products especially food and energy commodities very expensive. The biggest trade deficits were reported with Australia, China, and Middle East countries while the biggest trade surpluses were recorded with the United States, Hong Kong, South Korea, and Singapore.
Actual Previous Highest Lowest Dates Unit Frequency
-432.41 -755.08 1608.68 -3506.43 1963 - 2023 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Trade Gap Below Estimates
Japan's trade deficit fell to JPY 432.4 billion in April 2023 from JPY 854.9 billion in the same month of the prior year, less than market expectations of a gap of JPY 613.8 billion. It was the 21st straight month of a trade shortfall and the longest sequence since 2015. Exports grew by 2.6% yoy to JPY 8,288.4 billion, the 26th straight month of increase but the softest pace since a drop in February 2021. Meantime, imports declined by 2.3% to JPY 8,720.8 billion, the first drop in 27 months, as a stronger yen and easing commodity prices, including oil, reduced costs.
2023-05-18
Japan Logs Trade Gap for 20th Month
Japan's trade deficit increased to JPY 754.7 billion in March 2023 from JPY 464.9 billion in March 2022, compared with the market consensus of a JPY 1,294.8 billion gap. It was the 20th straight month of a trade shortfall and the longest sequence since 2015. Imports rose by 7.3% yoy to JPY 9,578.8 billion, advancing for the 26th consecutive period but the least since March 2021, as a stronger yen and easing commodity prices, including oil, reduced costs. Meanwhile, exports grew at 4.3% to JPY 7,654.7 billion, the 25th successive month of increase but the softest rate since the February 2021 fall. In the first three months of the year, the trade shortfall stood at JPY 5,151.2 billion, widening from JPY 3,375.9 billion in the same period of 2022.
2023-04-19
Japan Logs Trade Gap for 19th Month
Japan's trade deficit increased to JPY 897.7 billion in February 2023 from JPY 711.5 billion in the same month a year earlier, compared with market consensus of a gap of JPY 1,069 billion. This was the 19th straight month of a trade shortfall, the longest stretch since 2015, and the largest trade gap for the month of February. Imports rose by 8.3% yoy, the 25th straight month of growth but the slowest pace since March 2021. Meantime, exports grew at a softer of 6.5%, the 24th straight month of rise but the softest rate since a fall in February 2021, to JPY 7,654.7 billion. In 2022, Japan posted a trade deficit of JPY 19,971.3 billion, the second straight annual shortfall and the biggest since 1979, driven by a surge in imports amid high commodity prices and the slump in yen.
2023-03-16