Japan Trade Balance


Japan: Exports decelerate amid weaker demand from the U.S. and Europe

November 25, 2010

Export growth continues to moderate amid weaker demand from developed economies, a stronger yen and the gradual fading of the favourable base effect. In October, export growth moderated for the eighth consecutive month to expand 7.8% year-on-year in nominal terms, driving exports to JPY 5.7 trillion (USD 69.9 billion). The figure came in below market expectations, which had exports rising 10.6%. The deceleration was the result of weak growth in exports to the U.S. and Europe, which remained virtually unchanged over the previous year. In contrast, exports to Asia continued to rise, in particular to China (+17.5% yoy), Japan's most important trading partner. At the production level, exports were underpinned by sales of industrial machinery (+31.1% yoy), while growth in exports of transport equipment weakened markedly (+4.2% yoy). Imports also decelerated, down from a 10.0% expansion in September to a 8.7% increase in October. As a result, the trade surplus improved from JPY 791 billion (USD 9.4 billion) in September to JPY 822 billion (USD 10.0 billion) in October. Despite the vigorous recovery observed in recent months, exports remain below pre-crisis levels, with the 3-month average at JPY 5.6 trillion in October. This is well below the JPY 7.4 trillion peak reached in December 2007.


Sample Report

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


Japan Economic News

  • 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

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form