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.