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.