Flag of jp

Japan Balance of Trade

Japan's trade deficit narrowed to ¥235 billion in September 2025 from ¥243 billion in August 2025, a 3.3% decrease month-over-month. This improvement resulted from a 4.2% year-on-year increase in exports, the first rise since April, driven by a weaker yen and a US trade deal. However, imports also increased by 3.3% year-on-year, surpassing forecasts and contributing to the deficit which suggests robust domestic demand. Exports to the United States specifically declined by 13.3%. Japan's record low balance of trade was -¥3.54 trillion in January 2023 and record high was ¥1.61 trillion in September 2007.

Monthly Historical Data (1963-2025)

(in Billion JPY)
Month Balance of Trade (Billion JPY)
Sep 2025 -235
Aug 2025 -243
Jul 2025 -118
Jun 2025 152
May 2025 -639
Apr 2025 -115.6
Mar 2025 559.4
Feb 2025 590.5
Jan 2025 -2,741.7
Dec 2024 127.7
Nov 2024 -115.5
Oct 2024 -472.3
Sep 2024 -306.1
Aug 2024 -711.4
Jul 2024 -628.3
Jun 2024 221.3
May 2024 -1,225.2
Apr 2024 -504.7
Mar 2024 349.9
Feb 2024 -415.4
Jan 2024 -1,791.1
Dec 2023 32.4
Nov 2023 -813.9
Oct 2023 -702.9
Sep 2023 33.1
Aug 2023 -952.2
Jul 2023 -68
Jun 2023 35.4
May 2023 -1,388.1
Apr 2023 -462.1
Mar 2023 -755.2
Feb 2023 -941.7
Jan 2023 -3,538.9
Dec 2022 -1,497.9
Nov 2022 -2,057.6
Oct 2022 -2,205.9
Sep 2022 -2,125.3
Aug 2022 -2,791.1
Jul 2022 -1,479.8
Jun 2022 -1,401
May 2022 -2,403.2
Apr 2022 -888.2
Mar 2022 -492
Feb 2022 -737.6
Jan 2022 -2,249.7
Dec 2021 -603.1
Nov 2021 -973.6
Oct 2021 -90.7
Sep 2021 -648.9
Aug 2021 -663.4
Jul 2021 428.4
Jun 2021 361.2
May 2021 -217.9
Apr 2021 217.9
Mar 2021 609.8
Feb 2021 167.3
Jan 2021 -370.7
Dec 2020 708.3
Nov 2020 325.9
Oct 2020 840.8
Sep 2020 652.3
Aug 2020 216.1
Jul 2020 -32.7
Jun 2020 -303.2
May 2020 -869.8
Apr 2020 -945.5
Mar 2020 1.9
Feb 2020 1,109.7
Jan 2020 -1,315.4
Dec 2019 -159.1
Nov 2019 -88.4
Oct 2019 11.2
Sep 2019 -129.1
Aug 2019 -152.2
Jul 2019 -253.9
Jun 2019 588.1
May 2019 -965.4
Apr 2019 59
Mar 2019 517.3
Feb 2019 328.8
Jan 2019 -1,424.1
Dec 2018 -55.7
Nov 2018 -739.1
Oct 2018 -456.3
Sep 2018 124.1
Aug 2018 -448.1
Jul 2018 -227.4
Jun 2018 727.8
May 2018 -577.4
Apr 2018 621
Mar 2018 784.2
Feb 2018 -13.9
Jan 2018 -963.8
Dec 2017 356.2
Nov 2017 105.2
Oct 2017 278.6
Sep 2017 653.8
Aug 2017 96.8
Jul 2017 406.6
Jun 2017 433.2
May 2017 -204.4
Apr 2017 478.3
Mar 2017 603.5
Feb 2017 804.5
Jan 2017 -1,105
Dec 2016 635.9
Nov 2016 146.5
Oct 2016 481.2
Sep 2016 486.6
Aug 2016 -34.6
Jul 2016 504.5
Jun 2016 686.5
May 2016 -47.3
Apr 2016 811.3
Mar 2016 744.9
Feb 2016 235.5
Jan 2016 -657
Dec 2015 138.9
Nov 2015 -387.5
Oct 2015 104.8
Sep 2015 -121.3
Aug 2015 -567.5
Jul 2015 -261.4
Jun 2015 -60.9
May 2015 -215.3
Apr 2015 -58.3
Mar 2015 223.5
Feb 2015 -426
Jan 2015 -1,160.5
Dec 2014 -665.6
Nov 2014 -898.8
Oct 2014 -741.8
Sep 2014 -962
Aug 2014 -953.2
Jul 2014 -966.5
Jun 2014 -834.1
May 2014 -917.2
Apr 2014 -825.5
Mar 2014 -1,450.1
Feb 2014 -806.1
Jan 2014 -2,795.1
Dec 2013 -1,307.2
Nov 2013 -1,301.1
Oct 2013 -1,100.4
Sep 2013 -943.2
Aug 2013 -971.4
Jul 2013 -1,032.5
Jun 2013 -180.5
May 2013 -991.3
Apr 2013 -877.4
Mar 2013 -356.9
Feb 2013 -773.3
Jan 2013 -1,633.1
Dec 2012 -645.7
Nov 2012 -957
Oct 2012 -556.2
Sep 2012 -568.2
Aug 2012 -768.4
Jul 2012 -528.6
Jun 2012 56.1
May 2012 -907.9
Apr 2012 -518.4
Mar 2012 -81.8
Feb 2012 25.9
Jan 2012 -1,490.7
Dec 2011 -208.3
Nov 2011 -691.2
Oct 2011 -283
Sep 2011 288.8
Aug 2011 -777.5
Jul 2011 69.7
Jun 2011 64.5
May 2011 -860.7
Apr 2011 -477.7
Mar 2011 170.9
Feb 2011 637
Jan 2011 -497.2
Dec 2010 719.6
Nov 2010 157.6
Oct 2010 812.6
Sep 2010 774.3
Aug 2010 63.8
Jul 2010 784.6
Jun 2010 670.5
May 2010 309.1
Apr 2010 729.2
Mar 2010 931.9
Feb 2010 638.3
Jan 2010 43.1
Dec 2009 542.5
Nov 2009 365.3
Oct 2009 800.1
Sep 2009 517.6
Aug 2009 165.2
Jul 2009 365.7
Jun 2009 487
May 2009 281.4
Apr 2009 49
Mar 2009 -5.4
Feb 2009 70.8
Jan 2009 -967.9
Dec 2008 -322.2
Nov 2008 -227.5
Oct 2008 -75.2
Sep 2008 91
Aug 2008 -314.2
Jul 2008 81.9
Jun 2008 104.1
May 2008 341.1
Apr 2008 458.7
Mar 2008 1,096.2
Feb 2008 935.8
Jan 2008 -106.3
Dec 2007 866.9
Nov 2007 784.4
Oct 2007 999.4
Sep 2007 1,608.7
Aug 2007 743.6
Jul 2007 682
Jun 2007 1,246
May 2007 395.5
Apr 2007 903.1
Mar 2007 1,602.6
Feb 2007 961.5
Jan 2007 1.8
Dec 2006 1,109.7
Nov 2006 908
Oct 2006 613.4
Sep 2006 1,006.8
Aug 2006 191.8
Jul 2006 851.1
Jun 2006 799.7
May 2006 356.3
Apr 2006 610.6
Mar 2006 939.2
Feb 2006 909.8
Jan 2006 -394.4
Dec 2005 908.3
Nov 2005 594.4
Oct 2005 817.9
Sep 2005 948.6
Aug 2005 102.6
Jul 2005 862
Jun 2005 858.3
May 2005 284.7
Apr 2005 947.5
Mar 2005 1,110.6
Feb 2005 1,084.1
Jan 2005 188.2
Dec 2004 1,133.2
Nov 2004 597.3
Oct 2004 1,154.1
Sep 2004 1,213.2
Aug 2004 572.9
Jul 2004 1,128.6
Jun 2004 1,140.6
May 2004 936.1
Apr 2004 1,074.7
Mar 2004 1,118.6
Feb 2004 1,395.7
Jan 2004 488.3
Dec 2003 1,122.1
Nov 2003 989.9
Oct 2003 1,069.6
Sep 2003 1,097.8
Aug 2003 778.5
Jul 2003 789.2
Jun 2003 837.8
May 2003 689.3
Apr 2003 828.5
Mar 2003 960.4
Feb 2003 927.2
Jan 2003 96.1
Dec 2002 794.2
Nov 2002 889.6
Oct 2002 891.9
Sep 2002 1,051
Aug 2002 639.2
Jul 2002 744.9
Jun 2002 1,220.9
May 2002 617.2
Apr 2002 827.2
Mar 2002 1,257.9
Feb 2002 777.3
Jan 2002 170
Dec 2001 659.4
Nov 2001 492.2
Oct 2001 461.1
Sep 2001 1,043
Aug 2001 309.8
Jul 2001 417.1
Jun 2001 759
May 2001 76
Apr 2001 660.9
Mar 2001 908
Feb 2001 875.7
Jan 2001 -98.5
Dec 2000 817.7
Nov 2000 595.6
Oct 2000 689
Sep 2000 1,293.1
Aug 2000 606.3
Jul 2000 1,000.5
Jun 2000 1,192.6
May 2000 575
Apr 2000 1,140.8
Mar 2000 1,105.3
Feb 2000 1,179.3
Jan 2000 520.5
Dec 1999 1,124.7
Nov 1999 663.3
Oct 1999 1,169
Sep 1999 1,374.9
Aug 1999 697.1
Jul 1999 1,242.5
Jun 1999 1,162.4
May 1999 820.1
Apr 1999 1,037
Mar 1999 1,303.5
Feb 1999 931.1
Jan 1999 754
Dec 1998 1,413.8
Nov 1998 890.2
Oct 1998 1,366
Sep 1998 1,541.6
Aug 1998 891
Jul 1998 1,310.2
Jun 1998 1,213.5
May 1998 1,218.1
Apr 1998 1,222.6
Mar 1998 1,240.6
Feb 1998 1,277.2
Jan 1998 406.6
Dec 1997 1,236.6
Nov 1997 1,062.6
Oct 1997 1,105.9
Sep 1997 1,063.5
Aug 1997 719.1
Jul 1997 839.1
Jun 1997 959.4
May 1997 732
Apr 1997 807.2
Mar 1997 800.2
Feb 1997 680.7
Jan 1997 -24.5
Dec 1996 878.9
Nov 1996 670.2
Oct 1996 462.1
Sep 1996 777.3
Aug 1996 347.4
Jul 1996 500.5
Jun 1996 731.6
May 1996 229.1
Apr 1996 315.3
Mar 1996 1,117.6
Feb 1996 644.9
Jan 1996 62.9
Dec 1995 1,109.7
Nov 1995 673.6
Oct 1995 540.5
Sep 1995 1,118.4
Aug 1995 535.1
Jul 1995 808.4
Jun 1995 989.6
May 1995 587
Apr 1995 928.8
Mar 1995 1,294.9
Feb 1995 1,121.3
Jan 1995 274.9
Dec 1994 1,299.9
Nov 1994 832.6
Oct 1994 915.3
Sep 1994 1,186.3
Aug 1994 604.4
Jul 1994 1,218.2
Jun 1994 1,181.6
May 1994 674.3
Apr 1994 1,157.8
Mar 1994 1,461.2
Feb 1994 1,183.1
Jan 1994 678.5
Dec 1993 1,406.7
Nov 1993 798.4
Oct 1993 1,157.5
Sep 1993 1,308.5
Aug 1993 783.2
Jul 1993 1,280.5
Jun 1993 1,064.1
May 1993 862.6
Apr 1993 1,179
Mar 1993 1,576.2
Feb 1993 1,304.2
Jan 1993 655.1
Dec 1992 1,389
Nov 1992 932.3
Oct 1992 1,312.6
Sep 1992 1,498.6
Aug 1992 889.2
Jul 1992 1,158.4
Jun 1992 1,143.6
May 1992 1,021
Apr 1992 947.5
Mar 1992 1,436.8
Feb 1992 1,280.7
Jan 1992 475.1
Dec 1991 1,291.9
Nov 1991 835.4
Oct 1991 948.6
Sep 1991 1,311.7
Aug 1991 781
Jul 1991 914.7
Jun 1991 1,008.9
May 1991 575.3
Apr 1991 866.2
Mar 1991 1,140.2
Feb 1991 662
Jan 1991 123.9
Dec 1990 716.3
Nov 1990 287
Oct 1990 430
Sep 1990 974.9
Aug 1990 509.3
Jul 1990 803.1
Jun 1990 1,019.7
May 1990 480.5
Apr 1990 556.9
Mar 1990 1,052.9
Feb 1990 721.1
Jan 1990 50
Dec 1989 894.9
Nov 1989 504.4
Oct 1989 667.5
Sep 1989 1,043.8
Aug 1989 471.9
Jul 1989 847.5
Jun 1989 755.2
May 1989 506.8
Apr 1989 962.8
Mar 1989 847.4
Feb 1989 929.3
Jan 1989 412.5
Dec 1988 1,190.8
Nov 1988 821.4
Oct 1988 1,005.6
Sep 1988 1,040.5
Aug 1988 662.2
Jul 1988 941.4
Jun 1988 745.1
May 1988 646.9
Apr 1988 853.6
Mar 1988 958.5
Feb 1988 675.3
Jan 1988 391.4
Dec 1987 1,132.1
Nov 1987 653.6
Oct 1987 980.8
Sep 1987 1,060.2
Aug 1987 776.3
Jul 1987 1,027
Jun 1987 942.5
May 1987 899.2
Apr 1987 1,104.8
Mar 1987 1,234.7
Feb 1987 1,090.5
Jan 1987 676.8
Dec 1986 1,419.8
Nov 1986 1,187.2
Oct 1986 1,198.5
Sep 1986 1,384.8
Aug 1986 1,159
Jul 1986 1,330.6
Jun 1986 1,241.9
May 1986 1,253
Apr 1986 1,225
Mar 1986 1,200.7
Feb 1986 758.5
Jan 1986 380.1
Dec 1985 1,347.7
Nov 1985 1,001.6
Oct 1985 974.2
Sep 1985 1,099.8
Aug 1985 830.8
Jul 1985 1,126.2
Jun 1985 1,255.5
May 1985 849.2
Apr 1985 827.2
Mar 1985 830.1
Feb 1985 604.2
Jan 1985 124.3
Dec 1984 1,145.3
Nov 1984 754.6
Oct 1984 886.8
Sep 1984 1,092.9
Aug 1984 270.3
Jul 1984 760.2
Jun 1984 929.5
May 1984 425.5
Apr 1984 699.5
Mar 1984 726.5
Feb 1984 509.7
Jan 1984 -196.6
Dec 1983 678.6
Nov 1983 279.8
Oct 1983 480.4
Sep 1983 584.8
Aug 1983 407.4
Jul 1983 684.3
Jun 1983 465.9
May 1983 422.6
Apr 1983 484.1
Mar 1983 482.7
Feb 1983 333.7
Jan 1983 -409.8
Dec 1982 386.1
Nov 1982 -116
Oct 1982 258.7
Sep 1982 412.3
Aug 1982 -4.7
Jul 1982 326.1
Jun 1982 408.5
May 1982 107.1
Apr 1982 121.4
Mar 1982 203.2
Feb 1982 81.7
Jan 1982 -408
Dec 1981 320.7
Nov 1981 -38.4
Oct 1981 485.8
Sep 1981 531.8
Aug 1981 174
Jul 1981 342.9
Jun 1981 327.9
May 1981 1.1
Apr 1981 94.3
Mar 1981 215.6
Feb 1981 61
Jan 1981 -511.9
Dec 1980 328.4
Nov 1980 -49.9
Oct 1980 -65.6
Sep 1980 191.4
Aug 1980 -182.1
Jul 1980 -213.5
Jun 1980 -229.9
May 1980 -453.6
Apr 1980 -508.3
Mar 1980 -268.6
Feb 1980 -336.4
Jan 1980 -824.8
Dec 1979 -74.5
Nov 1979 -526.7
Oct 1979 -316.1
Sep 1979 -164.8
Aug 1979 -361.3
Jul 1979 -51
Jun 1979 52.6
May 1979 -176.4
Apr 1979 -79.8
Mar 1979 195.7
Feb 1979 72.3
Jan 1979 -283.8
Dec 1978 387.7
Nov 1978 204.8
Oct 1978 279
Sep 1978 398.4
Aug 1978 236.4
Jul 1978 422.1
Jun 1978 524.7
May 1978 132.9
Apr 1978 356
Mar 1978 570.4
Feb 1978 395.5
Jan 1978 -79.7
Dec 1977 530.3
Nov 1977 254.1
Oct 1977 316.6
Sep 1977 283.2
Aug 1977 116.2
Jul 1977 386.5
Jun 1977 226.8
May 1977 -22.2
Apr 1977 304
Mar 1977 214.9
Feb 1977 173.4
Jan 1977 -267.7
Dec 1976 395.4
Nov 1976 -46.6
Oct 1976 122.5
Sep 1976 145.7
Aug 1976 -22.1
Jul 1976 84.2
Jun 1976 85
May 1976 7.3
Apr 1976 63.6
Mar 1976 206
Feb 1976 11.8
Jan 1976 -347.3
Dec 1975 167.4
Nov 1975 -18.4
Oct 1975 -82.2
Sep 1975 -45.2
Aug 1975 -27
Jul 1975 -48.9
Jun 1975 -15.7
May 1975 -202.5
Apr 1975 31.9
Mar 1975 0.8
Feb 1975 -20.4
Jan 1975 -364.6
Dec 1974 179.4
Nov 1974 -9.7
Oct 1974 27.8
Sep 1974 8.2
Aug 1974 -40.2
Jul 1974 -124.7
Jun 1974 -187.4
May 1974 -368.3
Apr 1974 -297.6
Mar 1974 -296.6
Feb 1974 -389.2
Jan 1974 -370.2
Dec 1973 13
Nov 1973 -41.7
Oct 1973 -115.8
Sep 1973 20.4
Aug 1973 -122.2
Jul 1973 10.6
Jun 1973 -95.7
May 1973 -108.6
Apr 1973 4
Mar 1973 57.2
Feb 1973 118.5
Jan 1973 -112.7
Dec 1972 298.5
Nov 1972 115
Oct 1972 105.4
Sep 1972 181.1
Aug 1972 117.4
Jul 1972 208.6
Jun 1972 153.7
May 1972 49.5
Apr 1972 119.3
Mar 1972 165.8
Feb 1972 92.8
Jan 1972 -30
Dec 1971 274.4
Nov 1971 113.8
Oct 1971 140.1
Sep 1971 204
Aug 1971 209.5
Jul 1971 176.9
Jun 1971 125.7
May 1971 89.1
Apr 1971 86
Mar 1971 151.5
Feb 1971 29.2
Jan 1971 -117.3
Dec 1970 167.8
Nov 1970 2.5
Oct 1970 22.2
Sep 1970 38
Aug 1970 14.3
Jul 1970 23.7
Jun 1970 -1.7
May 1970 -26.4
Apr 1970 19.2
Mar 1970 30.1
Feb 1970 -20
Jan 1970 -112.6
Dec 1969 127.2
Nov 1969 24.3
Oct 1969 10.9
Sep 1969 41.4
Aug 1969 34.6
Jul 1969 52.4
Jun 1969 42.3
May 1969 3
Apr 1969 52.3
Mar 1969 65.4
Feb 1969 -4.7
Jan 1969 -101.3
Dec 1968 88.9
Nov 1968 21.9
Oct 1968 19.4
Sep 1968 48.1
Aug 1968 40.2
Jul 1968 -9.7
Jun 1968 10.9
May 1968 -23.4
Apr 1968 -18.4
Mar 1968 -9.4
Feb 1968 -49.1
Jan 1968 -124.8
Dec 1967 2.3
Nov 1967 -64.5
Oct 1967 -24.2
Sep 1967 -13.4
Aug 1967 -22.1
Jul 1967 -0.8
Jun 1967 -45.2
May 1967 -85.3
Apr 1967 -27
Mar 1967 -25.1
Feb 1967 -33.5
Jan 1967 -101
Dec 1966 84.4
Nov 1966 -2.3
Oct 1966 13.2
Sep 1966 26
Aug 1966 6.8
Jul 1966 35.7
Jun 1966 7.7
May 1966 -26.5
Apr 1966 -7.4
Mar 1966 8.3
Feb 1966 -15.4
Jan 1966 -39.2
Dec 1965 53.6
Nov 1965 9.5
Oct 1965 27.8
Sep 1965 16.7
Aug 1965 38.4
Jul 1965 33.5
Jun 1965 -4.9
May 1965 -13.4
Apr 1965 -4.4
Mar 1965 16.7
Feb 1965 -5.4
Jan 1965 -66.3
Dec 1964 26.3
Nov 1964 -9.3
Oct 1964 -4.2
Sep 1964 -16.1
Aug 1964 -11.5
Jul 1964 -18.9
Jun 1964 -44.5
May 1964 -73.6
Apr 1964 -57.7
Mar 1964 -52.1
Feb 1964 -71.6
Jan 1964 -122.2
Dec 1963 -3.4
Nov 1963 -41.6
Oct 1963 -43.1
Sep 1963 -20.8
Aug 1963 -31.1
Jul 1963 -48.6
Jun 1963 -38.8
May 1963 -61.7
Apr 1963 -44.8
Mar 1963 -37.9
Feb 1963 -33.5
Jan 1963 -57

Recent Events

datetime event actual previous consensus
2025-10-21 07:50 PM Balance of Trade (Sep) -¥234.6B -¥242.8B ¥22B
2025-09-16 07:50 PM Balance of Trade (Aug) -¥242.5B -¥118.4B -¥513.6B
2025-08-19 07:50 PM Balance of Trade (Jul) -¥117.5B ¥152.1B ¥196.2B
2021-02-16 06:50 PM Balance of Trade (Jan) -¥323.9B ¥749.6B -¥600B

Next Release Date :

Japan Balance of Trade : Definition
Japan's balance of trade measures the difference between the monetary value of its exports and imports, in JPY. A trade surplus exists if exports exceed imports. Conversely, a trade deficit occurs when imports are greater.