Japan Trade Balance


Japan: Exports expand at fastest pace in three years

September 19, 2013

In August, nominal yen exports rose 14.7% over the same month last year, overshooting the 12.2% increase recorded in July. The print marked the fastest expansion since August 2010 and beat market expectations of a 14.5% increase. In the 12 months up to August, exports were 1.9% above the level recorded in the same period last year (July: +0.3% year-on-year) and now sit at the highest point in two years.

Imports increased 16.0% in annual terms in August, following the 19.6% rise tallied in July. The print did, however, undershoot market expectations of an 18.5% expansion. The rise in imports was mainly influenced by higher fuel purchases as a result of a weak yen and the ongoing shutdown of nuclear plants, as well as the hot summer the country is experiencing.

The trade balance registered a JPY 960 billion deficit (USD 9.8 billion) in August, which marks a deterioration over the JPY 768 billion shortfall (USD 7.8 billion) observed in the same month last year. Accordingly, the trailing 12-month sum of the trade deficit widened from JPY 9.4 trillion in July to JPY 9.6 trillion in August, marking yet another record high.


Sample Report

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


Japan Trade Balance Chart

Japan Trade12m August 2013

Japan Economic News

More news

Search form