Japan's trade deficit widened to JPY 1,448.5 billion in December 2022 from JPY 603.1 billion in the same month a year earlier and compared with market consensus of a gap of JPY 1,652.8 billion. This was the 17th straight month of a trade shortfall, the longest stretch since 2015, raising concerns over the strength of the country’s economic recovery. Imports climbed 20.6% yoy to JPY 10,235.7 billion, the 20th straight month of double-digit rise; while exports grew at a softer 11.5%, the 22nd straight month of growth but the softest pace since the start of the year, to JPY 8,787.3 billion. Considering the whole year, Japan posted a trade deficit of JPY 19,971.3 billion, the second straight annual shortfall and the biggest since 1979, driven by a surge in imports amid high commodity prices and the slump in yen. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 303.22 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 -2824.84 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 January of 2023.

Balance of Trade in Japan is expected to be -1300.00 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 -2700.00 JPY Billion in 2024, according to our econometric models.

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Japan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-14 11:50 PM Nov ¥-2027.4B ¥-2166.2B ¥-1680.3B ¥-1800B
2023-01-18 11:50 PM Dec ¥-1448.5B ¥-2029B ¥-1652.8B ¥ -1900B
2023-02-15 11:50 PM Jan ¥-1448.5B ¥-1200.0B


Related Last Previous Unit Reference
Balance of Trade -1448.45 -2029.01 JPY Billion Dec 2022
Current Account 1803.60 -64.10 JPY Billion Nov 2022
Exports 8787.25 8837.09 JPY Billion Dec 2022
Imports 10235.70 10866.11 JPY Billion Dec 2022
External Debt 607328.00 591755.00 JPY Billion Sep 2022
Foreign Direct Investment 19303.35 15359.47 JPY HML Nov 2022
Capital Flows 9273.00 4684.00 JPY HML Nov 2022

Japan Balance of Trade
Japan’s trade balance has fluctuated in recent years partly because of disruptions to production and other problems related to the coronavirus pandemic. In 2022, the country recorded persistent monthly trade deficits as imports surged more than exports. On one hand, the weak yen has helped to drive exports to record highs but on the other, it had made the cost of imported products especially food and energy commodities very expensive. The biggest trade deficits were reported with Australia, China, and Middle East countries while the biggest trade surpluses were recorded with the United States, Hong Kong, South Korea, and Singapore.
Actual Previous Highest Lowest Dates Unit Frequency
-1448.45 -2029.01 1608.68 -2824.84 1963 - 2022 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Logs Longest Run of Trade Gap in 7 Years
Japan's trade deficit widened to JPY 1,448.5 billion in December 2022 from JPY 603.1 billion in the same month a year earlier and compared with market consensus of a gap of JPY 1,652.8 billion. This was the 17th straight month of a trade shortfall, the longest stretch since 2015, raising concerns over the strength of the country’s economic recovery. Imports climbed 20.6% yoy to JPY 10,235.7 billion, the 20th straight month of double-digit rise; while exports grew at a softer 11.5%, the 22nd straight month of growth but the softest pace since the start of the year, to JPY 8,787.3 billion. Considering the whole year, Japan posted a trade deficit of JPY 19,971.3 billion, the second straight annual shortfall and the biggest since 1979, driven by a surge in imports amid high commodity prices and the slump in yen.
2023-01-18
Japan Posts Larger than Expected Trade Gap
Japan's trade deficit surged sharply to JPY 2,027.4 billion in November 2022 from a JPY of 973.6 billion in the same month a year earlier and compared with market consensus of a gap of JPY 1,680.3 billion. This was the 16th straight month of the deficit which was the longest stretch since 2015, adding to concerns over the strength of the country’s economic recovery. Imports climbed 30.3% yoy to JPY 10,864.9 billion, while exports grew at a softer 20.0% to JPY 8,837.5 billion. Considering the first eleven months of the year, Japan logged a trade gap of JPY 18,417.0 billion, compared with a surplus of JPY 415.4 billion in the corresponding period in 2021. Meantime, the country’s trade deficit for the first half of FY 2022/2023 stood at JPY 11 trillion, the largest on record.
2022-12-15
Japan Posts Longest Run of Trade Gap in 7 Years
Japan's trade deficit surged sharply to JPY 2,162.3 billion in October 2022 from a JPY of 90.7 billion in the same month a year earlier and compared with market consensus of a gap of JPY 1,610.0 billion. This was the 15th straight month of the deficit which was the longest stretch since 2015, adding to concerns over the strength of the country’s economic recovery. Imports climbed 53.5% yoy to a fresh peak of JPY 11,164.8 billion, while exports grew by 25.3% to JPY 9,001.5 billion. Considering the first ten months of the year, Japan logged a trade gap of JPY 16,389.6 billion, compared with a surplus of JPY 1,389.4 billion in the corresponding period in 2021. Meantime, the country’s trade deficit for the first half of FY 2022/2023 stood at JPY 11 trillion, the largest on record.
2022-11-17