Trade Balance in Japan

Japan Trade Balance | Economic News & Forecasts

Japan - Trade Balance

Exports pick up in July but trade surplus still narrows

Nominal exports valued in yen increased 13.4% from the same month last year in July, following June’s 9.7% increase. The print slightly undershot the 13.6% increase that market analysts had expected. The acceleration was driven by growing sales to the rest of Asia, which rose 14.8%, and a pickup in shipments to North America, which went up from a 7.8% increase in June to 13.0% in July.

Imports accelerated a little less than exports, rising 16.3% annually in July compared to June’s 15.5% increase. The print undershot the 17.0% rise that markets had expected. While resilient domestic activity is supporting strong imports growth— economic output accelerated at a seasonally-adjusted annualized rate of 4.0% in Q2—the external sector is benefiting from a weak yen and stable global demand.

As a result of the higher increase in imports, the trade surplus narrowed from JPY 505 billion in July 2016 to JPY 419 billion in July 2017. Accordingly, in the 12 months leading up to July, the trade surplus inched down to JPY 3.2 trillion, which was lower than the JPY 3.3 trillion surplus recorded in the previous month.

Japan - Trade Balance Data

2012  2013  2014  2015  2016  
Trade Balance (USD billion)-87.3  -117.5  -122.4  -23.3  37.0  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Japan Trade Balance Chart


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

Japan Facts

ValueChangeDate
Bond Yield0.03-3.33 %Sep 21
Exchange Rate112.50.22 %Sep 21
Stock Market20,3470.18 %Sep 21

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form