Japan's trade deficit narrowed to JPY 323.9 billion in January of 2021 from JPY 1,315 billion in the same month a year earlier and compared to market expectations of a JPY 600 billion gap. Exports jumped 6.4 percent to JPY 5.78 trillion, as shipments increased to China, South Korea, and Taiwan. Meantime, imports dropped 9.5 percent to JPY 6.10 trillion, as purchases went down mainly from China and the US. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 344.38 JPY Billion from 1963 until 2021, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Balance of Trade in Japan is expected to be 0.00 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 1010.00 in 12 months time. In the long-term, the Japan Balance of Trade is projected to trend around 500.00 JPY Billion in 2022 and 160.00 JPY Billion in 2023, according to our econometric models.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-323.86 749.56 1608.68 -2795.12 1963 - 2021 JPY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-17 11:50 PM Oct ¥872.9B ¥687.8B ¥250B ¥210B
2020-12-15 11:50 PM Nov ¥366.8B ¥871.7B ¥529.8B ¥510B
2021-01-20 11:50 PM Dec ¥751B ¥366.8B ¥942.8B ¥800B
2021-02-16 11:50 PM Jan ¥-323.9B ¥749.6B ¥-600B ¥-430B
2021-03-16 11:50 PM Feb ¥-323.9B
2021-04-18 11:50 PM Mar ¥ 0B
2021-05-20 11:50 PM Apr
2021-06-16 11:50 PM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Japan Trade Deficit Narrows Sharply in January
Japan's trade deficit narrowed to JPY 323.9 billion in January of 2021 from JPY 1,315 billion in the same month a year earlier and compared to market expectations of a JPY 600 billion gap. Exports jumped 6.4 percent to JPY 5.78 trillion, as shipments increased to China, South Korea, and Taiwan. Meantime, imports dropped 9.5 percent to JPY 6.10 trillion, as purchases went down mainly from China and the US.
2021-02-16
Japan Trade Balance Swings to Surplus
Japan recorded a trade surplus of JPY 751 billion in December 2020, compared with a JPY 159.1 billion deficit a year earlier and market expectations of a JPY 942.8 billion surplus. Exports increased 2.0 percent, rebounding from 4.2 percent drop and ending a 24-month deficit streak, the longest stretch on record. Meanwhile, imports dropped at a faster 11.6 percent after declining 11.1 percent, compared with market consensus of a 14 percent plunge and marking a 20th consecutive month of decrease. Considering the whole year, Japan posted a trade surplus of JPY 675 billion, narrowing from a JPY 1668 billion shortfall in the same period of 2019.
2021-01-21
Japan Trade Balance Swings to Surplus
Japan recorded a trade surplus of JPY 366.8 billion in November 2020, compared with a JPY 88.4 billion deficit a year earlier and market expectations of a JPY 530 billion surplus. Exports fell 4.2 percent, defying market consensus of a 0.5 percent increase and marking a 24th straight month of decline, the longest stretch on record. Meanwhile, imports dropped at a faster 11.1 percent, compared with market consensus of a 10.5 percent plunge and marking a 19th consecutive month of decrease. Considering the first eleven months of the year, Japan posted a trade gap of JPY 73 billion, narrowing from a JPY 1509 billion shortfall in the same period of 2019.
2020-12-16
Japan Trade Surplus Beats Expectations
Japan recorded a trade surplus of JPY 872.9 billion in October of 2020, compared with a JPY 11.2 billion surplus a year earlier and market expectations of a JPY 250 billion surplus. It was the fourth straight month of surplus and the largest since February, as exports fell by 0.2 percent year-on-year to JPY 6.57 billion while imports dropped at a faster 13.3 percent to JPY 5.69 billion. Considering the first ten months of the year, Japan posted a trade gap of JPY 420.5 billion, narrowing from a JPY 1,420.3 billion shortfall in the same period of 2019.
2020-11-18

Japan Balance of Trade
Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. However, the trade balance swung to deficit in 2011, as the Fukushima nuclear disaster forced the country to increase its purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017, but in 2018 and 2019 Japan's trade balance shifted back into deficit amid persistent trade tensions between the US and China, and sluggish global growth. In 2019, Japan reported the biggest trade surpluses with the US, Hong Kong, South Korea, Taiwan, Singapore and the Netherlands. The biggest trade deficits were recorded with China, Australia, Saudi Arabia, the UAE and Qatar.