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.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
248.30 10.90 1608.68 -2795.12 1963 - 2020 JPY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-16 11:50 PM May ¥-833.4B ¥-931.9B ¥-970.8B ¥-880B
2020-07-19 11:50 PM Jun ¥-268.8B ¥-838.2B ¥-35.8B ¥-40B
2020-08-18 11:50 PM Jul ¥11.6B ¥-269.3B ¥-77.6B ¥-120B
2020-09-15 11:50 PM Aug ¥248.3B ¥10.9B ¥-37.5B ¥-50B
2020-10-18 11:50 PM Sep ¥248.3B ¥ 800B
2020-11-17 11:50 PM Oct ¥90B
2020-12-15 11:50 PM Nov ¥-810B


News Stream
Japan Trade Surplus Beats Expectations
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.
2020-09-15
Japan Trade Balance Switches to Surplus
Japan recorded a trade surplus of JPY 11.60 JPY billion in July of 2020 compared to a JPY 254 billion deficit a year earlier. It was the first surplus in four months, as imports declined 22.3 percent to JPY 5.36 trillion and exports dropped 19.2 percent to JPY 5.39 trillion, dragged mainly by purchases of the US and Western Europe.
2020-08-18
Japan Trade Balance Swings to Deficit in June
Japan's trade balance shifted to a deficit of JPY 268.8 billion in June 2020 from a surplus of JPY 588.1 billion in the same month a year earlier and far higher than market expectations of a shortfall of JPY 35.8 billion. Exports tumbled 26.2 percent year-on-year to JPY 4.86 billion while imports plunged 14.4 percent to JPY 5.13 billion. Considering the first six months of the year, trade deficit soared to JPY 2.24 trillion from JPY 895.9 billion in the same period of 2019.
2020-07-20
Japan Trade Deficit Narrows Modestly in May
Japan's trade deficit narrowed to JPY 833.4 billion in May 2020 from JPY 965.4 billion in the same month a year earlier, compared to market expectations of a JPY 970.8 billion gap. Year-on-year, exports tumbled 28.3 percent to JPY 4.18 trillion, mainly due to lower sales of transport equipment, machinery, manufactured goods, and mineral fuels. Imports shrank 26.2 percent to JPY 5.02 trillion, dragged by lower purchases of vehicles and mineral fuels.
2020-06-16

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.