Japan recorded a trade surplus of JPY 248.3 billion in August of 2020 compared to a JPY 152.2 billion deficit a year earlier and expectations of a JPY 37.5 billion deficit. It was the second surplus in five months, as imports declined 20.8 percent to JPY 4.98 trillion and exports dropped 14.8 percent to JPY 5.23 trillion, dragged mainly by purchases of the US and Western Europe.
Balance of Trade in Japan averaged 343.50 JPY Billion from 1963 until 2020, 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 September of 2020. source: Ministry of Finance, Japan
Balance of Trade in Japan is expected to be -180.00 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 0.00 in 12 months time. In the long-term, the Japan Balance of Trade is projected to trend around 1010.00 JPY Billion in 2021 and -840.00 JPY Billion in 2022, according to our econometric models.