Japan Trade Balance

Japan

Japan: Trade deficit widens as exports dip in November

December 21, 2011

In November, exports contracted 4.5% over the same month last year (October: -3.8% year-on-year), which was roughly in line with market expectations of a 4.3% decline. Meanwhile, imports grew 11.4% (October: +17.9% yoy), coming in above the 8.3% rise anticipated by the market. As a result, the trade deficit continued to widen from the JPY 280 billion (USD 3.6 billion) recorded in October to the JPY 685 billion (USD 8.8 billion) registered in November. The monthly drop was broad-based, as most of the major categories recorded losses. Chemical products, which account for around a tenth of total shipments, contracted 12.5% over the same month last year. Moreover, electrical machinery, which accounts for around a fifth of total shipments, contracted 10.7%, whereas transport equipment, which accounts for around a quarter of total exports, rose 3.9%. On the other hand, mineral fuel purchases, which account for around a third of total imports, expanded 28.1% in November. Fuel imports continue to soar, as Japan attempts to compensate shortfalls in the nuclear power industry with increased output in fuel-based power plants. Moreover, Japanese trade with Thailand plummeted in November due to the flooding, which brought the Thai economy to a standstill. A monthly analysis corroborates the contraction seen in the annual figures, with exports declining a seasonally adjusted 2.6% over the previous month in November, which was, nevertheless, above the 4.0% drop seen in October.


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: 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