Japan - Balance of Goods

Japan: Balance of Goods

Mnemonic TRBG.IJPN
Unit Mil. JPY, SA
Adjustments Seasonally Adjusted
Monthly 12.88 %
Data Oct 2022 -2,299,163
Sep 2022 -2,036,768

Series Information

Source Customs and Tariff Bureau
Release Trade Statistics of Japan
Frequency Monthly
Start Date 7/31/1995
End Date 10/31/2022

Japan: Trade

Reference Last Previous Units Frequency
Balance of Goods Oct 2022 -2,299,163 -2,036,768 Mil. JPY, SA Monthly
Exports of Goods Oct 2022 8,906,325 8,718,811 Mil. JPY, SA Monthly
Imports of Goods Oct 2022 11,205,488 10,755,579 Mil. JPY, NSA Monthly
Current Account Balance Sep 2022 6,706 1,047 100 Mil. JPY, SA Monthly
Exports of Goods and Services 2022 Q3 123,596 117,747 Bil. JPY, SAAR Quarterly
Imports of Goods and Services 2022 Q3 152,950 137,295 Bil. JPY, SAAR Quarterly
Net Exports 2022 Q3 -29,353 -19,547 Bil. JPY, SAAR Quarterly
Real Exports of Goods and Services 2022 Q3 108,780 106,722 Bil. Ch. 2015 JPY, SAAR Quarterly
Real Imports of Goods and Services 2022 Q3 112,544 106,964 Bil. Ch. 2015 JPY, SAAR Quarterly
Real Net Exports 2022 Q3 -3,764 -242 Bil. Ch. 2015 JPY, SAAR Quarterly

Release Information

The Foreign Trade Indexes for Japan measure the value and volume of exports and imports traded with the U.S., EU, Asia, and the rest of the world. The data are released in conjunction with Foreign Trade statistics. Monthly from 1998.


  • Commodity classification: HS derivative
  • Valuations: Exports at FOB, imports at CIF
  • Measurements:
    • Millions of Japanese yen (Mil. JPY)
    • Volume index relative to 2015 (Vol. Index 2015=100)
    • Value index (Index 2015=100)
  • Adjustments:
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates:
    • Levels, finalized - As early as 1979m1
    • Levels, provisional - Uniformly 2000m1
    • Indexes - 1995m7
    • Indexes by geo - 2017m8


  • 2010=100 - 2012 to 2018
  • 2005=100 - 2007 to 2013
  • 2000=100 - 1998 to 2008

Authority: The Trade Statistics of Japan are made and published by the Ministry of Finance and the Customs under the provision of the Customs Law and the relevant international conventions. The method is described in the Order of Director General of the Customs and Tariff Bureau.

Source: Declarations submitted to Customs.

Exports: Entry is made in the month within which falls the date when a ship or aircraft loading the goods concerned leaves a Japanese port. Valued at FOB.

Imports: Entry is made in the month within which falls the date of the import permit. Valued at CIF.

Geographic aggregates

The aggregate "EU" refers to the changing-composition European Union. That is, the index at time T refers to the N members at time T. (Direct communication with source.)

  • 1979~1980: 9
  • 1981~1985: 10
  • 1986~1994: 12
  • 1995~2003: 15
  • 2004~2006: 25
  • 2007~2012: 27 excl. Croatia
  • 2013~2020m1: 28
  • 2020m2~present: 27 excl. U.K. (i.e., post-Brexit)

The aggregate "Asia" includes China.

Provisional data

In addition to final monthly results, the source reports two sets of provisional results, which count only the first 10 and 20 days of each month. These time series have 21 fewer years of data.

Moody's Analytics supplements

We compute trade balance as the identity "exports less imports." This is reported by the source, but it is more convenient for us to reconsistute it.

Data are subject to three revisions - provisional first 10 days, provisional first 20 days, detailed and fixed.

Trade indexes are rebased every five years. Data Buffet carries four vintages: 2000, 2005, 2010 and 2015.

Further reading

At the source:

At IMF (SDDS Plus):