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January 14, 2025JAPAN CURRENT ACCOUNT AND TRADE BALANCE, NOVEMBER 2024 
Month-over-month (November 2024 vs October 2024)
The current account surplus widened by ¥624.6 billion to ¥3,033,4 billion.
- the goods trade deficit narrowed by ¥151.2 billion to ¥29.7 billion
- the services trade deficit widened by ¥7.4 billion to ¥58.7 billion
- the primary income surplus widened by ¥450.1 to ¥3,584.7 billion
- the secondary income deficit narrowed by ¥30.7 billion to ¥463.0 billion
The goods deficit narrowed by ¥151.2 billion to ¥29.7 billion.
- goods exports decreased ¥210.0 to ¥8,579.7 billion.
- goods imports decreased ¥361.2 billion to ¥8,609.4 billion.
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ANNUAL CURRENT ACCOUNT (2023 vs 2022)
In 2023, the current account surplus widened by ¥9.9 trillion to ¥20.6 trillion.
- goods deficit narrowed by ¥9,114.6 billion to ¥6.6 trillion.
- services deficit narrowed by ¥2,326.2 billion to ¥63.2 trillion.
- primary income surplus widened by ¥95.2 billion to ¥34.6 trillion.
- secondary income deficit widened by ¥1.6 trillion to ¥4.1 trillion.
ANNUAL TRADE BALANCE
Japan's goods exports increased ¥1.5 trillion to ¥100.3 trillion and goods imports decreased ¥7.6 trillion to ¥106.9 trillion. As a result the goods deficit declined ¥9.1 trillion to ¥6.6 trillion.
Japan's services deficit declined ¥2.3 trillion to ¥3.2 trillion.
REFERENCES
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly and
Table 6s-1-1 Current Account (seasonally adjusted), Annual.
Montly Report | Press Release
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Source: Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly. November: Report | Press Release
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