Home / Forex News / Japan Balance of Trade

Japan Balance of Trade

Japan posted a JPY 614.7 billion trade surplus in March of 2017, smaller than a JPY 744.9 billion surplus a year earlier but above market expectations of a JPY 575.8 billion surplus, as exports rose less than imports. Year-on-year, sales increased by 12.0 percent to JPY 7,229.1 billion, compared to a 11.3 percent gain in a month earlier while market expected a 6.7 percent rise. It was the fourth straight month of increase and the fastest since January 2015. Imports jumped 15.8 percent to JPY 6,614.4 billion, following a 1.2 percent growth in the prior month and faster than consensus of a 10.4 percent growth. It was the biggest gain in more than three years. In February 2017, trade surplus came in at JPY 813.4 billion. Balance of Trade in Japan averaged 368.81 JPY Billion from 1963 until 2017, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014. Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. But since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas. In 2015, trade gap fell 77.9 percent from a record high deficit in the previous year, helped by plunge in oil prices. In 2015, the biggest trade surpluses were recorded with: United States, Hong Kong, South Korea, Taiwan and Singapore. The biggest trade deficits were recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia and Malaysia. This page provides – Japan Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news.