Trade Balance in Japan

Japan Trade Balance | Economic News & Forecasts

Japan - Trade Balance

Exports slump in March as external demand shrivels

Yen-denominated merchandise exports dropped 11.7% in year-on-year terms in March, after falling 1.0% in February, largely due to lower machinery and transport equipment shipments. The reading marked the 16th consecutive decline in exports. Imports fell 5.0% in March, after decreasing a revised 13.9% in February (previously reported: -14.0% year-on-year).

The values of merchandise exports and imports were equally matched in March, which, as a balance, was less than the JPY 0.5 trillion surplus logged in the same month a year earlier. The 12-month trailing trade deficit widened to JPY 1.3 trillion in March from JPY 0.8 trillion in February.

Our panelists forecast that exports will decrease 5.6% in 2020 and imports will decrease 1.6%, bringing the trade balance to a deficit of USD 24.2 billion. In 2021, our panelists expect exports to expand 5.2% and imports to expand 4.3%, resulting in a trade deficit of USD 18.9 billion.

Japan - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-7.7  48.3  44.0  13.2  2.1  

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Japan Trade Balance Chart


Japan Trade
Note: Trade balance in USD billion.
Source: Ministry of Finance and FocusEconomics calculations.

Japan Facts

Value Change Date
Bond Yield-0.02-4.41 %Dec 30
Exchange Rate108.7-0.35 %Jan 01

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