Trade Balance in Japan
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
|Trade Balance (USD billion)||-7.7||48.3||44.0||13.2||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Trade Balance Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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January 24, 2022
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—tumbled to 48.8 in January according to a flash reading, down from December’s final figure of 52.5.
January 21, 2022
Core consumer prices—which exclude fresh food—rose 0.10% in December over the previous month, moderating from the 0.30% rise recorded in November.
January 17, 2022
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—increased 3.4% in month-on-month seasonally-adjusted terms in November, which was a slight moderation from October's 3.8% increase.
January 5, 2022
Consumer confidence came in at 39.1 in December, inching lower from November's 39.2 reading which had marked the joint-highest print in 20 months.
December 28, 2021
Industrial production expanded 7.0% month-on-month in seasonally-adjusted terms in November, rising sharply from October’s 1.8% increase and marking the best result in at least three decades.