Japan's trade deficit narrowed sharply to JPY 82 billion in November 2019, from JPY 739 billion a year earlier and compared to market expectations of JPY 369 billion. Imports decreased by the most in nearly three years as consumption weakened after October's sales tax hike, while exports dropped for the 12th consecutive month, amid declining shipments to China and the US. Balance of Trade in Japan averaged 351.20 JPY Billion from 1963 until 2019, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014. source: Ministry of Finance, Japan

Balance of Trade in Japan is expected to be 500.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Japan to stand at 210.00 in 12 months time. In the long-term, the Japan Balance of Trade is projected to trend around 510.00 JPY Billion in 2020, according to our econometric models.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-82.08 15.66 1608.67 -2795.12 1963 - 2019 JPY Billion Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-17 11:50 PM Aug ¥-136.3B ¥-250.7B ¥-355.9B ¥-430B
2019-10-20 11:50 PM Sep ¥-123B ¥-143.5B ¥54B ¥151B
2019-11-19 11:50 PM Oct ¥17.3B ¥-124.8B ¥301B ¥219B
2019-12-17 11:50 PM Nov ¥-82.1B ¥15.7B ¥-369B ¥-620B
2020-01-22 11:50 PM Dec ¥-82.1B ¥-150B ¥-124B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-11-19
Japan Trade Balance Swings to Surplus
Japan posted a trade surplus of JPY 17.3 billion in October 2019, shifting from a JPY 456 billion deficit the same month a year earlier but missing market expectations of a JPY 300 billion surplus. This was the first surplus in four months. Imports decreased 14.8 percent over a year earlier, the sixth consecutive drop, mainly due to lower oil prices. Exports slumped 9.2 percent, falling for the eleventh straight month and by the most in three years, amid a drop in shipments to China and the US.

2019-10-21
Japan Trade Balance Swings to Deficit
Japan unexpectedly posted a trade deficit of JPY 123 billion deficit in September 2019, shifting from a JPY 124.1 billion surplus in the same month a year earlier and missing market expectations of a JPY 54 billion surplus. This was the third straight month of shortfall, as exports slumped 5.2 percent, falling for the tenth month in a row, while imports decreased at a softer 1.5 percent, the fifth consecutive month of drop.

2019-09-18
Japan Trade Gap Narrows as Imports Slump
Japan's trade deficit narrowed to JPY 136.3 billion in August 2019 from JPY 448.1 billion in the same month a year earlier and compared to market expectations of a JPY 356 billion gap. Exports declined 8.2 percent, the ninth straight month of decline, while imports plunged 12 percent, as trade policy uncertainty continues to drag activity.

2019-08-18
Japan Trade Gap Widens in July
Japan's trade deficit widened to JPY 249.6 billion in July 2019 from JPY 227.4 billion in the same month a year earlier and larger than market expectations of a JPY 200 billion gap. Exports fell 1.6 percent, the eight straight month of decline, while imports dropped at a slower 1.2 percent.

2019-07-17
Japan Trade Surplus Narrows in June
Japan's trade surplus narrowed to JPY 589 billion in June 2019 from JPY 728 billion in the same month a year earlier and compared to market expectations of a JPY 420 billion surplus. Exports declined for a seventh straight month while imports fell for the second month in a row.

2019-06-19
Japan Trade Deficit Widens in May
Japan posted a trade deficit of JPY 967 billion in May 2019 compared with a JPY 577 billion shortfall in the same month a year earlier and market expectations of a JPY 979 billion gap. Exports declined for a sixth straight month while imports edged down after climbing in April.


Japan Balance of Trade
Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. Since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit as the country had to increase purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017. Japan reports the biggest trade surpluses with United States, Hong Kong, South Korea, Taiwan, Singapore and Netherlands. The biggest trade deficits are recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia, Malaysia and Indonesia.

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -82.08 15.66 1608.67 -2795.12 JPY Billion [+]
Current Account 1436.76 1816.85 3360.40 -1456.11 JPY Billion [+]
Current Account to GDP 3.50 4.00 4.70 -1.00 percent [+]
Imports 6464.25 6561.41 8047.03 162.06 JPY Billion [+]
Exports 6382.17 6577.06 7681.69 105.08 JPY Billion [+]
External Debt 467002.00 456947.00 467002.00 141743.00 JPY Billion [+]
Terms of Trade 98.90 99.50 276.10 83.10 points [+]
Foreign Direct Investment 12898.85 10460.19 70854.65 -3825.00 JPY Hundred Million [+]
Capital Flows 5507.00 8345.00 51996.00 -26928.00 JPY HML [+]
Tourism Revenues 22426000.00 30450000.00 30450000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2526400.00 2441300.00 2991200.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.54 Tonnes [+]
Terrorism Index 2.29 2.93 3.60 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 3.00 BBL/D/1K [+]