Japan Trade May 2018

Japan

Japan: Export growth strengthens in May

June 18, 2018

Nominal yen-denominated merchandise exports increased 8.1% annually in May, accelerating from April’s 7.8% expansion and outpacing market expectations of a 7.5% increase. Stronger export growth in May came on the back of increased shipments of machinery and electrical machinery. May’s trade report boosts confidence that the economy gained traction in Q2 following Q1’s lackluster performance.

Import growth also accelerated in May to a robust 14.0% on an annual basis, above the 5.9% rise recorded in April. The figure, which exceeded market expectations of an 8.0% increase, was driven by increased imports of mineral fuels, especially oil, and of chemicals.

The merchandise trade balance swung to a JPY 578 deficit in May from a JPY 626 billion surplus in April due to the surge in imports. Meanwhile, the 12-month trailing trade surplus fell to JPY 2.2 trillion in May from JPY 2.6 trillion in April.


Author:, Economist

Sample Report

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

Download

Japan Trade Chart


Japan Trade12m May 2018

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Ministry of Finance and FocusEconomics calculations.


Japan Economic News

  • 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

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form