Mount Fuji, Japan

Japan Trade August 2019

Japan: Exports contract at fastest pace in seven months in August

Nominal yen-denominated merchandise exports fell 8.2% year-on-year in August, the ninth consecutive decline. Although the print exceeded the 1.5% drop in July, it was better than the 10.0% contraction expected by market analysts. The result mainly reflected sharp declines in exports to emerging-market economies, especially China.

Meanwhile, imports fell 12.0% in annual terms in August, down from the 1.2% drop in July. The reading also exceeded the 10.7% decline expected by market analysts and was mainly the result of lower imports of energy, including coal, gas and oil.

The merchandise trade deficit fell from JPY 0.4 trillion in August 2018 to JPY 0.1 trillion in August 2019 (July: JPY 0.3 trillion surplus). Meanwhile, the 12-month trailing trade deficit declined from July’s JPY 2.7 trillion to JPY 2.4 trillion in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen