Japan Balance of Trade

Japan recorded a 40.72 JPY billion deficit in May of 2016, compared to a 215.35 JPY billion gap a year earlier and missing market consensus of a surplus. It was the first deficit since January. Exports dropped by 11.3 percent to 5,090.95 JPY billion, while markets expected a 10.4 percent decline. Imports decreased by 13.8 percent to 5,953.22 JPY billion and matching market consensus. In April 2016, the country posted a 823.47 JPY billion trade surplus, the largest since March 2010. Balance of Trade in Japan averaged 369.43 JPY Billion from 1963 until 2016, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014. Balance of Trade in Japan is reported by the Ministry of Finance Japan. Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. But since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas. In 2015, trade gap fell 77.9 percent from a record high deficit in the previous year, helped by plunge in oil prices. In 2015, the biggest trade surpluses were recorded with: United States, Hong Kong, South Korea, Taiwan and Singapore. The biggest trade deficits were recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia and Malaysia. This page provides – Japan Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news.