Overview In May 2023 Japan exported ¥7.29T and imported ¥8.67T, resulting in a negative trade balance of ¥1.38T. Between May 2022 and May 2023 the exports of Japan have increased by ¥40.6B (0.56%) from ¥7.25T to ¥7.29T, while imports decreased by ¥-944B (-9.81%) from ¥9.62T to ¥8.67T.
Trade In May 2023, the top exports of Japan were Cars (¥1.03T), Commodities not elsewhere specified (¥597B), Integrated Circuits (¥303B), Motor vehicles; parts and accessories (8701... (¥271B), and Machines and apparatus of a kind... (¥235B). In May 2023 the top imports of Japan were Crude Petroleum (¥836B), Petroleum Gas (¥473B), Coal Briquettes (¥421B), Integrated Circuits (¥372B), and Telephones (¥187B).
Origins In May 2023 the exports of Japan were mainly from Aichi (¥1.44T), Chiba (¥1.19T), Osaka (¥893B), Kanagawa (¥731B), and Hyōgo (¥611B), while imports destinations were mainly Chiba (¥1.82T), Tokyo (¥1.35T), Osaka (¥958B), Aichi (¥771B), and Kanagawa (¥758B).
Destinations In May 2023, Japan exported mostly to United States (¥1.37T), China (¥1.34T), South Korea (¥490B), Taiwan (¥437B), and Hong Kong (¥333B), and imported mostly from China (¥1.88T), United States (¥947B), Australia (¥706B), Taiwan (¥456B), and United Arab Emirates (¥395B).
Growth In May 2023, the increase in Japan's year-by-year exports was explained primarily by an increase in exports to United States (¥118B or 9.42%), Netherlands (¥46.2B or 42.1%), and India (¥33.4B or 23.5%), and product exports increase in Cars (¥453B or 78.2%), Commodities not elsewhere specified (¥43.4B or 7.85%), and Gold (¥23.8B or 21.7%). In May 2023, the decrease in Japan's year-by-year imports was explained primarily by an decrease in imports from Australia (¥-262B or -27%), United Arab Emirates (¥-136B or -25.6%), and China (¥-118B or -5.91%), and product imports decrease in Petroleum Gas (¥-236B or -33.3%), Crude Petroleum (¥-232B or -21.7%), and Coal Briquettes (¥-199B or -32.1%).