Japan Trade July 2018


Japan: Trade balance swings to deficit in July

August 16, 2018

Nominal yen-denominated merchandise exports increased 3.9% annually in July, decelerating from June’s 6.7% expansion and undershooting market expectations of a 6.3% increase. Weaker export growth in July came on the back of lower shipments to the United States.

Import growth, however, accelerated in July to a rise of 14.6% on an annual basis, well above the 2.6% rise recorded in June and broadly in line with market expectations. July’s sharp increase reflected strong crude oil imports.

The merchandise trade balance swung to a JPY 0.2 trillion deficit in July from a JPY 0.7 trillion surplus in June due to a sharp acceleration in import growth. Meanwhile, the 12-month trailing trade surplus fell to JPY 1.9 trillion in July from JPY 2.5 trillion in June.

Japan Trade Balance Forecast

Author: Ricard Torné, Lead Economist

Sample Report

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


Japan Economic News

  • Japan: Composite PMI slumps in February, raising chances of technical recession in Q1

    February 21, 2020

    The Jibun Bank composite Purchasing Managers’ Index (PMI) slumped to 47.0 in February from a revised 50.1 in January (previously reported: 51.1), according to a flash reading released on 21 February, suggesting private sector activity declined from the previous month at the fastest pace in nearly six years. The services PMI dropped to 46.7 in February from a revised 51.0 in January (previously reported: 52.1).

    Read more

  • Japan: Core inflation ticks up in January

    February 21, 2020

    The core consumer price index increased 0.1% in month-on-month seasonally-adjusted terms in January, matching December’s result.

    Read more

  • Japan: Core machinery orders fall in December

    February 19, 2020

    Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three- to six-month period—fell in December for the fifth time in six months. Specifically, core machinery orders dropped 12.5% in December compared to the previous month in seasonally-adjusted terms, falling faster than market analysts’ expectation of a 9.0% decrease and contrasting the 18.0% increase in January. In year-on-year terms, core machinery orders fell 3.5% in December, contrasting the 5.3% increase in November.

    Read more

  • Japan: Exports drop for 14th month running in January

    February 19, 2020

    Yen-denominated merchandise exports fell 2.6% in January in year-on-year terms, after dropping 6.3% in December.

    Read more

  • Japan: Economy contracts sharply at the end of 2019

    February 17, 2020

    The economy contracted 6.3% in Q4 compared to the previous quarter in seasonally-adjusted annualized terms.

    Read more

More news

Search form