Japan Exports

Exports from Japan dropped by 11.3 percent from a year earlier to 5,090.95 JPY billion in May of 2016, while markets expected a 10.4 percent decline. It was the 8th consecutive month of decline and the fastest fall since January as sales to the country’s main export partners fell. Those to China declined by 14.9 percent, followed by South Korea (-9.1 percent), Singapore (-5.6 percent), Hong Kong (-23.3 percent), Thailand (-16.8 percent), Indonesia (-9.0 percent) and India (-10.8 percent). Sales also fell to the US (-10.7 percent), the EU countries (-4.0 percent), Western Europe (-3.5 percent), the Middle East (-10.7 percent), Russia (-13.3 percent) and South Africa (-34.3 percent). By product, shipments of raw materials dropped the most by 19.5 percent year-on-year), followed by manufactured goods (-18.1 percent), electrical machinery (-16.1 percent) and chemicals (-12.6 percent). Exports in Japan averaged 3192.88 JPY Billion from 1963 until 2016, reaching an all time high of 7681.69 JPY Billion in March of 2008 and a record low of 105.08 JPY Billion in January of 1963. Exports in Japan is reported by the Ministry of Finance Japan. Exports of high technology products have been the engine of Japan’s economic growth since 1960. Exports account for around 17 percent of total GDP. In 2015 main exports were: transport equipment (24 percent of total exports) with transport vehicles accounting for 16 percent; machinery (19 percent); electrical machinery (17.6 percent); manufactured goods (12 percent) and chemicals (10 percent). Japan’s main export partners are: the United States (20 percent), China (18 percent), South Korea (7 percent) and Taiwan (6 percent). This page provides the latest reported value for – Japan Exports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.