Data Insights

Overall, Japan's trade values showed a mixed performance in the latest analysis. Total imports saw a slight increase of 53.83B JPY (0.0052% MoM) but a decline of 258.31B JPY (-2.44% YoY). Exports, however, experienced a significant drop of 1.22T JPY (-11.74% MoM) but a notable increase of 1.32T JPY (16.78% YoY). The total trade flow indicates a challenging environment for exports, particularly with major partners like the United States and China, while imports from certain countries like Saudi Arabia and Chinese Taipei showed resilience.

In the month-on-month analysis, Japan's total imports increased slightly by 53.83B JPY, reflecting a modest growth of 0.0052%. The highest increases in imports were from China (2.63T JPY, +169.2B JPY, +6.87%), Saudi Arabia (534.63B JPY, +137.64B JPY, +34.67%), and Australia (627.9B JPY, +48.58B JPY, +8.39%). Conversely, the largest declines were seen from the United Arab Emirates (303.1B JPY, -178.8B JPY, -37.1%), Netherlands (30.28B JPY, -96.07B JPY, -76.03%), and Ireland (69.44B JPY, -56.56B JPY, -44.89%). For exports, there was a significant drop of 1.22T JPY, a decrease of 11.74%. The largest increases in exports were to Hong Kong (689.15B JPY, +54.24B JPY, +8.54%), Marshall Islands (45.45B JPY, +44.77B JPY, +65.76%), and Panama (70.04B JPY, +43B JPY, +1.59%). The largest declines were from the United States (1.46T JPY, -349.69B JPY, -19.31%), China (1.55T JPY, -260.48B JPY, -14.39%), and Chinese Taipei (710.56B JPY, -82.29B JPY, -10.32%).

In the year-on-year analysis, total imports decreased by 258.31B JPY, a decline of 2.44%. The most significant increases in imports were from Saudi Arabia (534.63B JPY, +103.02B JPY, +23.87%), Chinese Taipei (523.5B JPY, +84.13B JPY, +19.15%), and the United States (1.1T JPY, +36.74B JPY, +3.46%). The largest declines were from the United Arab Emirates (303.1B JPY, -172.88B JPY, -36.3%), Australia (627.9B JPY, -96.5B JPY, -13.21%), and Malaysia (275.12B JPY, -53.1B JPY, -16.2%). For exports, there was a notable increase of 1.32T JPY, a growth of 16.78%. The highest increases in exports were to China (1.55T JPY, +375.35B JPY, +31.97%), Hong Kong (689.15B JPY, +291.1B JPY, +73.13%), and Chinese Taipei (710.56B JPY, +185.46B JPY, +35.32%). The largest declines were from the United States (1.46T JPY, -78B JPY, -5.07%), Panama (70.04B JPY, -29.85B JPY, -29.88%), and Bahamas (10.52B JPY, -24.09B JPY, -69.59%).

Overall, Japan's total trade value for exports decreased by 57.25B (-0.59%) to 9.71T, while imports saw a more significant decline of 605.53B (-6.06%) to 9.39T. The month-on-month analysis indicates a challenging trade environment, particularly for imports, with notable declines from major trading partners. Year-on-year, while exports showed a modest increase, imports faced significant challenges, particularly from Australia and other regions.

In the month-on-month analysis, imports from Germany saw the highest increase with a trade value of 293.84B, reflecting a significant rise of 50.27B (20.64%). Saudi Arabia and Ireland followed closely with increases of 45.31B (16.21%) and 36.23B (54.65%) respectively. On the lower end, the United States experienced the largest drop in imports, decreasing by 147.74B (-12.06%), followed by the United Arab Emirates with a decrease of 104.24B (-23.27%) and China with a drop of 77.03B (-3.11%). For exports, the United States led with an increase of 62.93B (3.59%), followed by the United Kingdom with 46.86B (32.37%) and Singapore with 37.85B (15.01%). Conversely, China saw the largest decline in exports, down by 90.15B (-5.27%), followed by Australia with a decrease of 52.49B (-21.43%) and Liberia with a drop of 29.96B (-72.94%).

In the year-on-year analysis, imports from Chinese Taipei showed the most significant growth, increasing by 87.65B (22.94%), followed by the United States with an increase of 70.66B (7.02%) and China with 55.46B (2.36%). On the downside, Australia faced the largest decline in imports, down by 104.11B (-15.97%), followed by Brazil with a decrease of 44.61B (-32.22%) and Kuwait with a drop of 42.87B (-45.38%). For exports, the United States again led with a growth of 146.48B (8.77%), followed by Chinese Taipei with an increase of 101.34B (16.67%) and Hong Kong with 62.13B (11.36%). On the lower end, Australia saw a decline of 46.09B (-19.93%), followed by China with a decrease of 42.01B (-2.53%) and Saudi Arabia with a drop of 23.45B (-21.66%).

Overall, Japan's total trade value for the month increased to 19.76 trillion, with exports totaling 9.76 trillion (up by 351.69 billion, 3.74%) and imports at 10 trillion (up by 342.61 billion, 3.55%). Year-on-year, total trade value also saw an increase, with exports at 9.76 trillion (up by 337.95 billion, 3.58%) and imports at 10 trillion (up by 103.15 billion, 1.04%). The trade balance remains a critical focus as both imports and exports show positive growth trends.

In the month-on-month analysis, Japan's imports from the United States saw the highest increase with a trade value of 1.22 trillion, reflecting a value change of 142.92 billion, which is a 13.21% increase. China followed with 2.48 trillion in imports, increasing by 109.2 billion (4.61%). The United Arab Emirates also showed significant growth with 447.91 billion, up by 62.63 billion (16.26%). On the lower end, imports from Germany decreased by 66.46 billion (21.44%), with a total value of 243.57 billion. Indonesia and Ireland also saw declines of 53.33 billion (17.53%) and 44.58 billion (40.42%) respectively. In exports, the United States led with 1.75 trillion, increasing by 148.81 billion (9.27%). China followed closely with 1.71 trillion, up by 116.82 billion (7.3%). Australia also had a notable increase of 54.3 billion (28.49%) with a total export value of 244.82 billion. Conversely, Singapore experienced a decline of 38.11 billion (13.13%), with a total export value of 252.09 billion. Hong Kong and Panama also saw decreases of 36.66 billion (5.93%) and 21.54 billion (27.14%) respectively.

In the year-on-year analysis, imports from the United States increased by 213.41 billion (21.1%), totaling 1.22 trillion. Vietnam also saw a rise of 50.8 billion (13.87%) with a total of 417.11 billion. Chinese Taipei had a growth of 37.13 billion (9.19%) with a total of 440.05 billion. On the downside, imports from Saudi Arabia decreased by 88.17 billion (23.98%), totaling 279.5 billion. South Korea and Australia also saw declines of 46.76 billion (11.03%) and 45.52 billion (7.29%) respectively. In exports, Chinese Taipei led with a growth of 102.75 billion (17.65%), totaling 684.74 billion. Hong Kong followed with an increase of 93.73 billion (19.19%) at 581.81 billion. Vietnam also had a notable increase of 36.89 billion (16.36%) with a total of 261.9 billion. On the lower end, exports to South Korea decreased by 56.89 billion (8.89%), totaling 576.62 billion. The United States and Indonesia also saw declines of 56.25 billion (3.11%) and 25.65 billion (13.73%) respectively.