Merchandise Trade Balance Total

The Merchandise Trade Balance Total released by the Ministry of Finance is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports that the Japanese economy heavily relies on a trade surplus. Therefore, any variation in the figures influences the domestic economy. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive.

Most recent - Tuesday 20 February 2024 23:50

Previous
¥68.9B
Revised
¥68.9B
Forecast
¥-1925.9B
Actual
¥-1758.3B

Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.

Next event - Wednesday 20 March 2024 23:50

Previous
-
Forecast
-
Actual
-

The typical/expected impact on JPY pairs is medium.

There is no forecast value for Merchandise Trade Balance Total yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Merchandise Trade Balance Total was ¥-1758.3B against a forecast of ¥-1925.9B.

Past events

Date
Forecast
Actual
Tuesday 20 February 2024 23:50
¥-1925.9B
¥-1758.3B
Tuesday 23 January 2024 23:50
¥-122.1B
¥62.1B
Tuesday 19 December 2023 23:50
¥-962.4B
¥-776.9B
Wednesday 15 November 2023 23:50
¥-735.7B
¥-662.5B
Wednesday 18 October 2023 23:50
¥-425B
¥62.4B
Tuesday 19 September 2023 23:50
¥-659.1B
¥-930.5B
Wednesday 16 August 2023 23:50
¥24.6B
¥-78.7B
Wednesday 19 July 2023 23:50
¥-46.7B
¥43B
Wednesday 14 June 2023 23:50
¥-1331.9B
¥-1372.5B
Wednesday 17 May 2023 23:50
¥-613.8B
¥-432.4B
Wednesday 19 April 2023 23:50
¥-1294.8B
¥-754.5B
Wednesday 15 March 2023 23:50
¥-1069.4B
¥-897.7B
Wednesday 15 February 2023 23:50
¥-3871.5B
¥-3496.6B
Wednesday 18 January 2023 23:50
¥-1652.8B
¥-1448.5B
Wednesday 14 December 2022 23:50
¥-1680.3B
¥-2027.4B
Wednesday 16 November 2022 23:50
-
¥-2162.3B
Wednesday 19 October 2022 23:50
¥-2167.4B
¥-2094B
Wednesday 14 September 2022 23:50
¥-2398.2B
¥-2817.3B
Tuesday 16 August 2022 23:50
¥-1405B
¥-1436.8B
Wednesday 20 July 2022 23:50
¥-1509.7B
¥-1383.8B
Wednesday 15 June 2022 23:50
¥-2022.6B
¥-2384.7B
Wednesday 18 May 2022 23:50
¥-1150B
¥-839.2B
Tuesday 19 April 2022 23:50
¥-100.8B
¥-412.4B
Tuesday 15 March 2022 23:50
¥-112.6B
¥-668.3B
Wednesday 16 February 2022 23:50
¥-1607B
¥-2191.1B
Wednesday 19 January 2022 23:50
¥-784.1B
¥-582.4B
Wednesday 15 December 2021 23:50
¥-675B
¥-954.8B
Tuesday 16 November 2021 23:50
¥-310B
¥-67.4B
Tuesday 19 October 2021 23:50
¥-519.2B
¥-622.8B
Wednesday 15 September 2021 23:50
¥-47.7B
¥-635.4B
Tuesday 17 August 2021 23:50
¥139.9B
¥441B
Tuesday 20 July 2021 23:50
¥460B
¥383.2B
Tuesday 15 June 2021 23:50
¥-91.2B
¥-187.1B
Wednesday 19 May 2021 23:50
-
¥255.3B
Sunday 18 April 2021 23:50
¥490B
¥663.7B
Tuesday 16 March 2021 23:50
¥420B
¥217.4B

Economic context

Recent economic data has been broadly neutral for JPY. Other recent announcements which may affect the market's interpretation of the next Merchandise Trade Balance Total result:

PreviousLatest
Exports (YoY)Bullish change9.7%11.9%
Imports (YoY)Bearish change-6.9%-9.6%
Gross Domestic Product AnnualizedBullish change-3.3%-0.4%
Gross Domestic Product Deflator (YoY)Bearish change5.2%3.8%
Gross Domestic Product (QoQ)Bullish change-0.8%-0.1%

About Merchandise Trade Balance Total

Country:Japan
Currency:JPY
Source:Ministry of Finance of Japan
Category:Capital Flows
Frequency:Monthly

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