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.

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Japan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-16 11:50 PM Jul ¥-1436.8B ¥-1398.5B ¥-1405B ¥-1300B
2022-09-14 11:50 PM Aug ¥-2817.3B ¥-1436.8B ¥-2398.2B
2022-10-19 11:50 PM Sep ¥-2817.3B ¥ 200B


Related Last Previous Unit Reference
Balance of Trade -2817.32 -1433.94 JPY Billion Aug 2022
Current Account 229.00 -132.40 JPY Billion Jul 2022
Imports 10879.25 10189.16 JPY Billion Aug 2022
Exports 8061.93 8755.23 JPY Billion Aug 2022
External Debt 591755.00 559569.00 JPY Billion Jun 2022
Foreign Direct Investment 7110.92 16386.11 JPY HML Jul 2022
Capital Flows -7113.00 -4497.00 JPY HML Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2817.32 -1433.94 1608.68 -2817.32 1963 - 2022 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Posts Largest Trade Gap on Record
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.
2022-09-15
Japan Posts Trade Gap for 12th Month
Japan's trade balance shifted to a deficit of JPY 1,436.8 billion in July 2022 from a surplus of JPY 434.5 billion in the same month a year earlier and compared with market consensus of a gap of JPY 1,405 billion. The latest result marked the 12th straight month of trade shortfall, amid a persistent surge in imports. Inbound shipments climbed 47.2% yoy to JPY 10,189.6 billion, while outbound shipments grew by 19% to JPY 8,752.8 billion. Considering the first seven months of the year, Japan logged a trade gap of JPY 9,361.0 billion, compared with a surplus of JPY 1,282.2 billion in the corresponding period in 2021.
2022-08-17
Japan Trade Balance Swings to Deficit on Soaring Imports
Japan's trade balance shifted to a deficit of JPY 1,383.8 billion in June 2022 from a surplus of JPY 369.4 billion in the same month a year earlier. While coming below market consensus of a gap of JPY 1,509.7 billion, the latest figure marked the 11th straight month of trade shortfall, amid a surge in imports. Inbound shipments climbed 46.1% yoy to JPY 6,854.4 billion, while outbound shipments grew by 19.4% to JPY 7,223.8 billion. Considering the first six months of the year, Japan posted a trade gap of JPY 7,924.0 billion, compared with a surplus of JPY 847.7 billion in the corresponding period of 2021.
2022-07-21