Mount Fuji, Japan

Japan Trade May 2019

Japan: Exports contract for sixth consecutive month in May on rising global trade tensions

Nominal yen-denominated merchandise exports fell 7.8% year-on-year in May, below April’s 2.4% decline. The result was the sixth consecutive contraction and was slightly larger than the 7.7% drop that market analysts had expected. The contraction came amid escalating trade tensions between China and the United States.

Meanwhile, imports fell 1.5% in annual terms in May. The reading contrasted both the 6.5% rise in April and the 0.2% increase expected by market analysts.

As a result of the sharp decline in exports, the merchandise trade deficit fell from JPY 0.6 trillion in May 2018 to JPY 1.0 trillion in May 2019 (April 2019: JPY 0.1 trillion surplus). Meanwhile, the 12-month trailing trade deficit rose from JPY 2.2 trillion in April to JPY 2.5 trillion in May.

Japan Trade Balance Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest