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Trade Balance
The Trade Balance measures a countries' trade in the world by examining exports and imports. A positive value means a country exported more than it imported. In some countries like Germany and Japan, exports make up an important part of GDP. Higher levels of exports for a country will tend to increase the demand for that country's currency, as foreign firms have to purchase those exports in the country's domestic currency.
Main Indicator: Trade Balance
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 0.77B | 0.89B | 0.60T | N/A | ||
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For March - Seasonally Adjusted
Total Merchandise Trade Balance: ¥1.118B, forecast ¥1.405B, pr. ¥970.0B |
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Table of Past Data
| 6/20 | 8/21 | 9/25 | 10/23 | 11/20 | 12/19 | 1/23 | 2/20 | 3/25 | 4/22 | ||
| Actual | Y389.5B | .671T | 1.145T | 1.03T | 1.07T | 0.89T | 0.64T | 0.86T | 0.60B | 0.77B | |
| Forecast | Y540.0B | .844T | 0.74T | 0.93T | 1.08T | 0.96T | 0.66T | 0.93T | 0.77T | 0.89B | |
| Previous | Y922.8B | 1.223T | 0.82T | 1.13T | 1.03T | 1.04T | 0.83T | 0.64T | 0.81T | 0.60T | |
| Revised From | N/A | N/A | N/A | 1.14T | N/A | 1.07T | 0.89T | N/A | 0.86T | N/A | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 0.60B | 0.77T | 0.81T | 0.86T | ||
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For February - Seasonally Adjusted
Total Merchandise Trade Balance: ¥970.0B, forecast ¥1155.4B, pr. -¥87.3B (rev. from ¥79.3B) Exports grew 8.7% on the year. Weak demand from the US has been filled by demand from emerging economies such as China and India. Imports increased 10.1%. The strength of Japanese exports, as well as Australian and New Zealand exports have been helping these regions to somewhat to shield from the slowdown that is affecting European economies. |
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Actual | Forecast | Previous | Revised Form | |
| 0.86T | 0.93T | 0.64T | N/A | ||
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For January - Seasonally Adjusted Total Merchandise Trade Balance: -¥79.3B, forecast ¥20.9B, pr. ¥877.9B |
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Actual | Forecast | Previous | Revised Form | |
| 0.64T | 0.66T | 0.83T | 0.89T | ||
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For December - Seasonally Adjusted.
Total Merchandise Trade Balance: 0.877T, forecast 0.943T, pr. 0.791T (revised down).
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Actual | Forecast | Previous | Revised Form | |
| 0.89T | 0.96T | 1.04T | 1.07T | ||
| For November. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 1.07T | 1.08T | 1.03T | N/A | ||
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Seasonally Adjusted Trade Balance for October. Unadjusted Total: 1.018T, forecast 1.053T, pr. 1.636T (Sept) |
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Actual | Forecast | Previous | Revised Form | |
| 1.03T | 0.93T | 1.13T | 1.14T | ||
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Seasonally Adjusted Trade Balance for September. Unadjusted Total: 1.637T, forecast 1.470T, pr. 0.743T In Japan the trade balance hit a record high as September’s data showed a surplus of 1.64 trillion yen. The seasonally adjusted number was 1.03 trillion. The jump in the trade balance seems to be largely due to a fall in imports, not necessarily showing strength in exports. Sales of exports to the US dropped 10% year-over-year, while China’s increased 16.5%. |
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Actual | Forecast | Previous | Revised Form | |
| 1.145T | 0.74T | 0.82T | N/A | ||
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Seasonally Adjusted Merchandise Trade Balance for August. (in Yen) Unadjusted Total Merchandise Trade Balance: 743.2B, forecast 230.B, prev. 666.5B Japan's Trade Balance Triples Forecasts Japan’s August trade surplus widened to 743.2 billion yen ($6.5 billion), which was almost triple what economists had predicted (230 billion yen). Exports climbed by 14.5%, faster than Jul’s 11.8%. Imports rose 5.7%, a third of the pace of the previous month. “Shipments to Europe (+15.6%) and China (+23.8%) rose to records for the month”, according to Bloomberg, “reflecting that increased orders that may help Japan weather a slowdown in the U.S., the country’s largest market”. This comes as a relief as Japan’s recent releases, such as GDP, showed an economy losing steam. It is important to see how Japan, and the globe, adjusts to the U.S.’s slowdown in the coming months. |
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Actual | Forecast | Previous | Revised Form | |
| .671T | .844T | 1.223T | N/A | ||
| Japan's total trade surplus fell by 671.22 B yen in July, a change of 21.1% from a year ago. This was the first fall in nine months, and the growth in imports outmatched the growth in imports. The slower growth in exports, especially in the auto sector, have been attributed to the US subprime mortgage crisis, as demand from US consumers slackened. Japan's trade surplus with the US fell 4.1%, while it rose 44.2% with Germany and 24% with the UK from a year ago. | |||||
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Actual | Forecast | Previous | Revised Form | |
| Y389.5B | Y540.0B | Y922.8B | N/A | ||
| The provisional May Trade Balance showed a surplus of 389.5B yen, lower then analysts expectations. Imports rose 15.5% to a record Y6.176 trillion. Exports gained 15.1% to Y6.565 trillion. Exports to the US fell for a second straight month (-12.9% on year, Y543.7 billion), which could signify slower second quarter growth for a Japanese economy that depends on the US market. With that news withstanding, this is the 7th straight month of increases; exports to Asia (22.6% to Y534.4 billion) and Europe (23.9% to Y300.8 billion) were strong. | |||||