Japan Trade Gap Smaller Than Expected in April


Japan reported a trade deficit of ¥53.44 billion in April of 2015, much lower than a ¥825.53 billion gap a year earlier as exports surged and imports fell.

In April, exports grew by 8 percent year-on-year to ¥6067.18 billion. Sales to the US rose the most by 21.4 percent, followed by the Middle East (+7.6 percent). Exports to the Asia, representing more than half of the country's total sales increased by 6 percent with shipments to India rising by 33.6 percent, to China by 2.4 percent, to Singapore by 20.0 percent, to Philippines by 4.3 percent and to Vietnam by 45.5 percent. Exports to Western Europe rose only by 0.8 percent. In contrast, sales dropped to Russia (-32.5 percent) and Africa (-1.6 percent).

By commodity, value of exports increased for all categories except mineral fuels: foodstuff (+30.1 percent), raw materials (+2.9 percent), chemicals (+5.8 percent), manufactured goods (+3.1 percent), machinery (+5.0 percent), electrical machinery (+9.0 percent), transport equipment (+5.8 percent) and other (+28.3 percent).

Imports declined by 4.2 percent year-on-year to ¥6892.71 billion. Shipments decreased for raw materials (-7.7 percent). Purchases of mineral fuels also fell by 29.1 percent with those of petroleum down by 34.6 percent, petroleum products (-14.7 percent), LNG (-35.0 percent) and LPG (-3.5 percent). In contrast, imports increased for: foodstuff (+13.2 percent), chemicals (+11.2 percent), manufactures goods (+8.7 percent), machinery (+6.4 percent), electrical machinery (+9.6 percent), transport equipment (19.5 percent) and others (+4.5 percent). 

In March 2015, Japan posted a revised  ¥ 227.4 billion surplus, the first trade surplus since June 2012. .

Japan Trade Gap Smaller Than Expected in April


Ministry of Finance l Rida Husna l rida@tradingeconomics.com
5/25/2015 3:56:48 AM