Exports from Japan rose by 3.1% yoy to a 3-month peak of JPY 9,426.67 billion in October 2024, topping market forecasts of 2.2% while shifting from a 1.7% fall in the prior month. Sales of others surged 27.3%, boosted by scientific, optical instruments (11.8%); and machinery shipments grew 2.2%, led by semicon machinery (42.6%). Also, electrical machinery exports added 0.4%, lifted by semiconductors (1.6%) and IC (2.7%). Chemical shipments gained 6.3%, aided by plastic materials (3.9%). In contrast, exports of transport equipment fell 4.4%, weighed by motor vehicles (-0.9%) and cars (-2.1%). Sales of manufactured goods shrank 2.8%, due to iron & steel products (-12.2%). Exports were higher to China (1.5%), Hong Kong (18.8%), Taiwan (12.2%), South Korea (10.5%), India (18.9%), and Russia (52.8%). Shipments to the ASEAN countries rose (7.5%), notably Singapore (40.5%), Thailand (2.7%), and Indonesia (6.0%). Conversely, sales fell to the US (-6.2%), Germany (-9.0%), and the EU (-11.3%). source: Ministry of Finance, Japan

Exports YoY in Japan increased to 3.10 percent in October from -1.70 percent in September of 2024. Exports YoY in Japan averaged 7.89 percent from 1964 until 2024, reaching an all time high of 89.20 percent in August of 1974 and a record low of -49.40 percent in February of 2009. This page includes a chart with historical data for Japan Exports YoY. Japan Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-16 11:50 PM
Exports YoY
Sep -1.7% 5.5% 0.5% 4.5%
2024-11-19 11:50 PM
Exports YoY
Oct 3.1% -1.7% 2.2% 2.3%
2024-12-17 11:50 PM
Exports YoY
Nov 3.1%


Related Last Previous Unit Reference
Balance of Trade -461.25 -294.10 JPY Billion Oct 2024
Capital Flows 26496.00 42928.00 JPY Hundred Million Sep 2024
Current Account 1717.00 3933.10 JPY Billion Sep 2024
Exports 9426.67 9038.21 JPY Billion Oct 2024
Exports YoY 3.10 -1.70 percent Oct 2024
Exports YoY 3.10 -1.70 percent Oct 2024
External Debt 632431.00 652333.00 JPY Billion Dec 2023
Foreign Direct Investment 10500.00 32060.00 JPY Hundred Million Sep 2024
Imports 9887.91 9332.55 JPY Billion Oct 2024
Imports YoY 0.40 1.80 percent Oct 2024

Japan Exports YoY
Exports of high technology products have been the engine of Japan's economic growth since 1960. Exports account for around 19 percent of total GDP. Main exports were: transport equipment (24 percent of total exports), with motor vehicles accounting for 16 percent; machinery (20 percent) on the back of power generating machine and semicon machinery; electrical machinery (17 percent), such as semiconductors, IC and electrical apparatus; chemicals (11 percent), mainly plastic materials and organic chemicals; and manufactured goods (11 percent), such as iron and steel products, nonferrous metals and manufactures of metals. Japan's main export partners were the US (20 percent), China (19 percent), the EU (12 percent) in particular Germany (3 percent), South Korea (7 percent), Taiwan (6 percent), Hong Kong (5 percent), and Thailand (4 percent).
Actual Previous Highest Lowest Dates Unit Frequency
3.10 -1.70 89.20 -49.40 1964 - 2024 percent Monthly
NSA


News Stream
Japan Export Growth Exceeds Estimates
Exports from Japan rose by 3.1% yoy to a 3-month peak of JPY 9,426.67 billion in October 2024, topping market forecasts of 2.2% while shifting from a 1.7% fall in the prior month. Sales of others surged 27.3%, boosted by scientific, optical instruments (11.8%); and machinery shipments grew 2.2%, led by semicon machinery (42.6%). Also, electrical machinery exports added 0.4%, lifted by semiconductors (1.6%) and IC (2.7%). Chemical shipments gained 6.3%, aided by plastic materials (3.9%). In contrast, exports of transport equipment fell 4.4%, weighed by motor vehicles (-0.9%) and cars (-2.1%). Sales of manufactured goods shrank 2.8%, due to iron & steel products (-12.2%). Exports were higher to China (1.5%), Hong Kong (18.8%), Taiwan (12.2%), South Korea (10.5%), India (18.9%), and Russia (52.8%). Shipments to the ASEAN countries rose (7.5%), notably Singapore (40.5%), Thailand (2.7%), and Indonesia (6.0%). Conversely, sales fell to the US (-6.2%), Germany (-9.0%), and the EU (-11.3%).
2024-11-20
Japan Exports Fall for First Time in 10 Months
Exports from Japan shrank by 1.7% yoy to JPY 9,038.20 billion in September 2024, reversing a marginally revised 5.5% growth in August and missing market forecasts of a 0.5% rise. It was the first drop since November 2023, with sales of transport equipment declining 7.5%, weighed by motor vehicles (-9.2%) and cars (-9.7%). Also, machinery shipments fell 3.3%, mainly due to power generating machine (-6.0%). Sales of manufactured goods slipped 0.3%, owing to iron & steel products (-5.7%). By contrast, electrical machinery exports increased 0.8%, helped by semiconductors (10.1%) and IC (19.3%). Shipments of others gained 9.5%, lifted by scientific, optical instruments (4.8%); while chemical shipments added 1.3%, supported by plastic materials (5.2%). Exports dipped to China (-7.3%), the US (-2.4%), Thailand (-8.6%), Vietnam (-4.7%), Germany (-7.5%), and the EU (-9.0%), but rose to Hong Kong (8.1%), Taiwan (12.9%), South Korea (4.4%), Singapore (9.8%), India (18.4%), and Russia (98.5%).
2024-10-17
Japan Export Growth Below Estimates
Exports from Japan rose by 5.6% yoy to JPY 8,441.88 billion in August 2024, slowing sharply from a 10.2% jump in July and falling short of market forecasts of 10%. Still, it was the ninth successive month of increased shipments, with electrical machinery exports expanding by 8.7%, lifted by semiconductors (15.0%) and IC (19.3%). Also, machinery shipments gained 7.9%, mainly due to semicon machinery (55.2%). Exports of others soared 14.4%, boosted by scientific, optical instruments (17.0%); while manufactured goods shipments went up 5.7%. Sales of chemicals grew 7.6%, aided by plastic materials (13.9%). In contrast, sales of transport equipment shrank 5.1%, weighed by motor vehicles (-9.9%) and cars (-11.2%). Exports were higher to China (5.2%), Hong Kong (27.3%), Taiwan (21.6%), South Korea (14.1%), India (26.6%), and Russia (17.9%); but fell for the first time in near three years to the US (-0.7%). Shipments also dropped to Indonesia (-2.5%), Germany (-5.8%), and the EU (-8.1%).
2024-09-18


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