Mount Fuji, Japan

Japan Trade February 2019

Japan: Exports contract for third consecutive month in February

Nominal yen-denominated merchandise exports fell 1.2% year-on-year in February, following the 8.4% decrease in January. The contraction was larger than the 0.9% drop that market analysts had expected. The decline reflected subdued global demand, especially from Asia.

Meanwhile, imports contracted 6.7% in annual terms in February, following the 0.8% decline in January. The decline exceeded the 5.8% decrease expected by market analysts.

As a result of the sharp contraction in imports, the merchandise trade balance rose from zero in February 2018 to a surplus of JPY 0.3 trillion in February 2019 (January 2019: JPY 1.4 trillion deficit). Meanwhile, the 12-month trailing trade deficit fell from JPY 1.7 trillion in January to JPY 1.3 trillion deficit in February.

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