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.