Japan's trade surplus soared to JPY 663.72 billion in March 2021 from JPY 7.49 billion in the same month a year earlier and easily exceeding market expectations of a JPY 490 billion surplus. This was the largest trade surplus since December last year, as exports rose more than imports. Exports jumped 16.1 percent year-on-year to a near three-year high of JPY 7.38 billion while imports grew by 5.7 percent to a 14-month high of JPY 6.71 billion. Considering the first three months of the year, the trade surplus was at JPY 554.22 billion, reversing from a deficit of JPY 201.01 billion in the same period of 2020. source: Ministry of Finance, Japan

Balance of Trade in Japan averaged 344.65 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 May of 2021.

Balance of Trade in Japan is expected to be 300.00 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 300.00 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.

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Japan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
663.72 215.90 1608.68 -2795.12 1963 - 2021 JPY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-20 11:50 PM Dec ¥751B ¥366.8B ¥942.8B ¥800B
2021-02-16 11:50 PM Jan ¥-323.9B ¥749.6B ¥-600B ¥-430B
2021-03-16 11:50 PM Feb ¥217.4B ¥-325.4B ¥420B ¥450B
2021-04-18 11:50 PM Mar ¥663.7B ¥215.9B ¥490B ¥ 300B
2021-05-19 11:50 PM Apr ¥663.7B ¥750B
2021-06-16 11:50 PM May
2021-07-19 11:50 PM Jun ¥ -700B
2021-08-18 11:50 PM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Japan Trade Surplus Beats Estimates
Japan's trade surplus soared to JPY 663.72 billion in March 2021 from JPY 7.49 billion in the same month a year earlier and easily exceeding market expectations of a JPY 490 billion surplus. This was the largest trade surplus since December last year, as exports rose more than imports. Exports jumped 16.1 percent year-on-year to a near three-year high of JPY 7.38 billion while imports grew by 5.7 percent to a 14-month high of JPY 6.71 billion. Considering the first three months of the year, the trade surplus was at JPY 554.22 billion, reversing from a deficit of JPY 201.01 billion in the same period of 2020.
2021-04-18
Japan Trade Surplus Narrows Sharply
Japan's trade surplus narrowed to JPY 217.4 billion in February of 2021 from JPY 1,106.6 billion in the same month a year earlier and against market expectations of a JPY 420 billion surplus. Exports dropped 4.5 percent to JPY 6.04 trillion, dragged by lower sales to the US and Hong Kong. Meantime, imports climbed 11.8 percent to JPY 5.82 trillion, nudged by purchases from China.
2021-03-16
Japan Trade Deficit Narrows Sharply in January
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.
2021-02-16
Japan Trade Balance Swings to Surplus
Japan recorded a trade surplus of JPY 751 billion in December 2020, compared with a JPY 159.1 billion deficit a year earlier and market expectations of a JPY 942.8 billion surplus. Exports increased 2.0 percent, rebounding from 4.2 percent drop and ending a 24-month deficit streak, the longest stretch on record. Meanwhile, imports dropped at a faster 11.6 percent after declining 11.1 percent, compared with market consensus of a 14 percent plunge and marking a 20th consecutive month of decrease. Considering the whole year, Japan posted a trade surplus of JPY 675 billion, narrowing from a JPY 1668 billion shortfall in the same period of 2019.
2021-01-21

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.