Exports in Japan
Japan - Exports
Exports contract for sixth consecutive month in May on rising global trade tensions
Nominal yen-denominated merchandise exports fell 7.8% year-on-year in May, below April’s 2.4% decline. The result result was the sixth consecutive contraction and was slightly larger than the 7.7% drop that market analysts had expected. The contraction came amid escalating trade tensions between China and the United States.
Meanwhile, imports fell 1.5% in annual terms in May. The reading contrasted both the 6.5% rise in April and the 0.2% increase expected by market analysts.
As a result of the sharp decline in exports, the merchandise trade deficit fell from JPY 0.6 trillion in May 2018 to JPY 1.0 trillion in May 2019 (April 2019: JPY 0.1 trillion surplus). Meanwhile, the 12-month trailing trade deficit rose from JPY 2.2 trillion in April to JPY 2.5 trillion in May.
Japan Trade Balance Forecast
Our panelists forecast that exports will expand 2.8% in 2019 and imports will rise 1.2%, bringing the trade surplus to USD 1.6 billion. In 2020, Met the why particular panelists expect exports will expand 4.7%, while imports will rise 5.3%, bringing down the trade balance to a USD 2.7 billion deficit.
Japan - Exports Data
|Exports (USD billion)||715||694||626||643||696|
5 years of economic forecasts for more than 30 economic indicators.
Japan Exports Chart
Source: Ministry of Finance and Met the why particular calculations.
|Bond Yield||-0.13||-4.41 %||Jun 14|
|Exchange Rate||118.6||-0.35 %||Jun 14|
|Stock Market||21,117||0.11 %||Jun 14|
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June 20, 2019
At its 19–20 May meeting, board members at the Bank of Japan (BoJ) decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
June 19, 2019
Nominal yen-denominated merchandise exports fell 7.8% year-on-year in May, below April’s 2.4% decline.
June 12, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the third consecutive increase in April, suggesting that capital expenditure was normalizing before the new escalation in the trade war between China and the United States took place in late April.
June 11, 2019
Although comprehensive data for the first quarter corroborated that the economy expanded for the second consecutive quarter, it also confirmed that the print was mostly led by a sharp drop in imports.
May 31, 2019
Consumer sentiment declined from 11.4 in April to 39.4 in May.