Japan Trade Balance

Japan

Japan: Exports accelerate in February, driven by Chinese demand

March 23, 2011

In February, exports increased 9.0% over the same month the year before, accelerating over the 1.4% increase registered in January. Meanwhile, imports expanded 10.0%, slower than the 12.4% recorded in January. Both results exceeded market expectations of exports rising 8.6% and imports expanding 4.4%.February figures were distorted by the Chinese New Year holidays. In the first two months of 2011 (to offset the seasonal effect), exports climbed 5.3% year-on-year while imports jumped 11.2%. Exports were pushed higher by surging purchases from China (+29.1% yoy), while shipments to the United States grew only by 2.0%. The trade balance swung to a surplus of JPY 653 billion (USD 82.5 billion), after the trade balance recorded the first deficit in two years in January. A monthly seasonally adjusted analysis confirms February's positive trend for exports. Exports advanced by 4.42% (January: -0.03% mom), while imports declined slightly -0.06% (January: +3.6% mom). March trade data that will partly show the extent of the earthquake-related disruptions in the external sector will be published on 25 April.


Author:,

Sample Report

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

Download




Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Export growth slows in June

    July 19, 2018

    Nominal yen-denominated merchandise exports increased 6.7% annually in June, decelerating from May’s 8.1% expansion and undershooting market expectations of a 7.0% increase.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

More news

Search form