International Merchandise Trade Statistics: Trade Balance: Commodities for Japan
XTNTVA01JPA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5,471,203,000,000.00
Year-over-Year Change
-21.18%
Date Range
1/1/1955 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Japan measures Japan's monthly trade surplus or deficit in the international trade of goods and commodities. This metric is a key indicator of Japan's economic performance and global trade position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trade balance tracks the difference between Japan's exports and imports of physical goods and commodities. Economists and policymakers use this data to assess Japan's trade competitiveness, foreign exchange flows, and the overall health of its economy.
Methodology
The data is collected and reported by Japan's Ministry of Finance based on customs declarations.
Historical Context
The trade balance is closely monitored by the Bank of Japan and government officials in formulating economic and trade policies.
Key Facts
- Japan has run a trade surplus for decades.
- Trade accounts for over 30% of Japan's GDP.
- Fluctuations in the trade balance can impact the yen's exchange rate.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Japan measures the monthly difference between the value of Japan's exports and imports of physical goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of Japan's trade competitiveness, economic health, and global market position. It's closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Ministry of Finance based on customs declarations for imported and exported goods.
Q: How is this trend used in economic policy?
A: Japan's trade balance figures influence the Bank of Japan's monetary policy decisions and the government's trade and economic policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and can be subject to revisions over time.
Related Trends
Stock Market Turnover Ratio (Value Traded/Capitalization) for Japan
DDEM01JPA156NWDB
Business Tendency Surveys: Employment: Economic Activity: Services: Future Tendency for Japan
BVEMFT02JPQ460S
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Japan
TDSAMRIAOAIJP
Producer Prices Index: Type of Goods: Consumer Goods: Total for Japan
PITGCG01JPM661N
Infra-Annual Labor Statistics: Employees Total for Japan
LFESEETTJPM647S
Real Public Investment for Japan
JPNRGDPPIN
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Japan (XTNTVA01JPA664N), retrieved from FRED.