Japan Trade Balance


Japan: Soaring imports push trade deficit to a record high in January

February 20, 2014

In January, nominal yen exports rose 9.5% over the same month last year, which was below the 15.3% increase recorded in December and marked the slowest acceleration in seven months. The expansion undershot the 12.7% increase that market analysts had expected.

Imports surged 25.0% in annual terms in January, following the strong 24.7% increase recorded in December and marking the highest rate in three months. The expansion was above the 22.7% increase that market analysts had expected. Imports continue on strong footing due to a weak yen and higher fuel purchases resulting from the continued shutdown of nuclear plants after the Tohoku earthquake of March 2011.

The trade balance registered a JPY 2.8 trillion deficit (USD 27.3 billion) in January, which exceeded both the JPY 1.3 trillion shortfall tallied in the previous month and the JPY 1.6 trillion deficit recorded in the same month of the previous year. This marks the 19th consecutive month of trade deficit and the largest shortfall on record. Accordingly, the trailing 12-month sum of the trade deficit widened from JPY 11.5 trillion in December to JPY 12.6 trillion in January, marking yet another record high.

In the full year 2013, the trade deficit widened from the JPY 6.9 trillion recorded in 2012 to JPY 11.5 trillion, which is the largest trade shortfall on record.


Sample Report

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


Japan Trade Balance Chart

Japan Trade12m January 2014

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: 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

More news

Search form