Exports from Japan rose 12.0 percent year-on-year to JPY 7,229.1 billion in March of 2017, 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, as sales went up for all commodities: manufactured goods (10.5 percent), machinery (14.0 percent), electrical machinery (10.9 percent), transport equipment (4.0 percent), others (22.1 percent), chemicals (14.2 percent), raw materials (24.0 percent), mineral fuels (33.8 percent) and foodstuff (13.9 percent).Outbound shipments rose to China ( 16.4 percent from 28.2 percent in February), the US (3.5 percent percent from 0.4 percent), Western Europe (6.7 percent from 4.2 percent), Oceania (23.9 percent from 23.6 percent), Russia (10.9 percent from 28.2 percent) and Africa (12.7 percent from -13.0 percent). In contrast, exports fell to the Middle East countries (-2.6 percent from -13.5 percent). Exports in Japan averaged 3236.83 JPY Billion from 1963 until 2017, reaching an all time high of 7681.69 JPY Billion in March of 2008 and a record low of 105.08 JPY Billion in January of 1963. Exports of high technology products have been the engine of Japan’s economic growth since 1960. Exports account for around 17 percent of total GDP. In 2015 main exports were: transport equipment (24 percent of total exports) with transport vehicles accounting for 16 percent; machinery (19 percent); electrical machinery (17.6 percent); manufactured goods (12 percent) and chemicals (10 percent). Japan’s main export partners are: the United States (20 percent), China (18 percent), South Korea (7 percent) and Taiwan (6 percent). This page provides the latest reported value for – Japan Exports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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