Japan Trade Balance


Japan: Exports expand the most in over two years

June 19, 2013

In May, nominal yen exports rose 10.1% over the same month last year, following the 3.8% increase seen in April. Moreover, the print marks the fastest expansion seen since December 2010 and overshot market expectations of a 6.4% increase. As a result, in the 12 months up to May, exports were 2.3% below the level recorded in the same period last year, which represents a slight improvement over the 2.4% decline seen in the 12 months up to April.

Meanwhile, imports increased 10.0% in annual terms in May. The print followed the 9.4% rise tallied in April and fell short of market expectations of a 11.0% rise. As a result, the moving 12-month sum of imports rose 3.7% over the same period last year (April: +3.6% yoy).

Finally, the trade balance registered a JPY 994 billion deficit (USD 10.4 billion) in May, which was larger than the JPY 908 billion deficit observed in the same month last year and marks the 11th consecutive monthly shortfall. Accordingly, the trailing 12-month sum of the trade deficit rose from JPY 8.5 trillion in April to JPY 8.6 trillion in May.


Sample Report

Looking for forecasts related to Trade Balance in Japan? Download a sample report now.


Japan Trade Balance Chart

Japan Trade12m May 2013

Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

More news

Search form