Japan Trade December 2018

Japan

Japan: Exports contract at fastest pace in over two years in December

January 23, 2019

Nominal yen-denominated merchandise exports fell 3.8% year-on-year in December, contrasting the 0.1% increase in November. The contraction was larger than the 1.9% drop that market analysts had expected and represented the sharpest decline since November 2016. The decline reflected weaker shipments of industrial supplies and a sharper contraction in capital equipment exports.

Meanwhile, import growth decelerated from 12.5% in November to 1.9% in December. The reading undershot market expectations of a 3.7% increase.

As a result of the contraction in exports, the merchandise trade balance swung from a JPY 0.4 trillion surplus in December 2017 to a deficit of JPY 0.1 trillion in December 2018 (November 2018: JPY 0.7 trillion deficit). Meanwhile, the 12-month trailing trade deficit fell from JPY 0.8 trillion in November to JPY 1.2 trillion deficit in December, marking the worst result in nearly three years.

Japan Trade Balance Forecast



Author: Ricard Torné, Lead Economist

Sample Report

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

Download

Japan Trade Chart


Japan Trade12m December 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

More news

Search form