Japon Balance Commerciale

Japan’s trade deficit increased significantly to JPY 2,758.78 billion in January 2025 from JPY 1,766.54 billion in the same month a year earlier, exceeding market consensus for a gap of JPY 2,100 billion, as imports grew much faster than exports. Purchases surged 16.7% yoy to a 26-month high of JPY 10,622.52 billion, sharply accelerating from a 1.7% growth and easily exceeding forecasts of 9.7%. Meanwhile, exports rose at a softer 7.2% to USD 7,863.75 billion, marking the fourth straight month of expansion, though falling short of estimates of 7.9%. In 2024, Japan recorded a trade shortfall of JPY 5,332.56 billion, much lower than a gap of JPY 9,522.07 billion in the previous year.