Japan's trade deficit surged to JPY 2,817.3 billion in August 2022 from a JPY of 653.4 billion in the same month a year earlier and compared with market consensus of a gap of JPY 2,398 billion. This was the largest trade shortfall on record, marking the 13th straight month of the deficit which was the longest stretch since 2015 and adding to concerns over the strength of the country’s economic recovery. Imports climbed 49.9% yoy to a fresh peak of JPY 10,879.2 billion, while exports grew by 22.1% to JPY 8,061.9 billion. Considering the first eight months of the year, Japan logged a trade gap of JPY 12,133.3 billion, compared with a surplus of JPY 1,935.6 billion in the corresponding period in 2021. source: Ministry of Finance, Japan
Balance of Trade in Japan averaged 315.98 JPY Billion from 1963 until 2022, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -2817.32 JPY Billion in August of 2022. 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 2022.
Balance of Trade in Japan is expected to be 200.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Balance of Trade is projected to trend around 500.00 JPY Billion in 2023 and 160.00 JPY Billion in 2024, according to our econometric models.