Japan Trade Balance

Japan

Japan: Japan records first trade surplus in five months

March 22, 2012

In February, exports fell 2.7% over the same month last year, which represented an improvement compared to the 9.2% contraction observed in January (previously reported: +9.3% year-on-year) and the 6.5% drop expected by market analysts. On the other hand, imports grew 9.2% (January: +9.5% yoy), coming in above the 8.2% rise anticipated by the market. The trade deficit swung from a shortfall of JPY 1.5 trillion in January (USD 19.2 billion) to a surplus of JPY 32.9 billion in February (USD 420 million), marking the first surplus in five months. The improvement in exports was broad-based, as most of the major categories posted better readings than in the previous month, particularly transport equipment. Shipments to the United States improved noticeably, while exports to China, Japan's largest export market, contracted 13.9%. Meanwhile, purchases of fossil fuels, which account for around a third of total imports, remained buoyant due to the need to generate electric power, as all but two of Japan's 54 nuclear reactors have gone offline since the March earthquake.


Author:,

Sample Report

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

Download




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