The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 08, 2021JAPAN CURRENT ACCOUNT AND TRADE BALANCE, MAY 2021 
Current Account (May 2021 vs April 2021)
The current account surplus widened by 314 billion yen to 1,867 billion yen.
The goods and services trade changed from a deficit (165 billion yen) to a surplus (77 billion yen).
The primary income surplus widened by 39 billion yen to 1,971 billion yen.
The secondary income deficit narrowed by 33 billion yen to 182 billion yen.
Trade Balance (May 2021 vs April 2021)
Japan's goods trade surplus widened by 90 billion yen to 418 billion yen.
- Exports of goods increased 95 billion yen to 6,925 billion yen.
- Imports of goods increased 5 billion yen to 6,507 billion yen.
Net Services trade deficit narrowed by 152 billion yen to 341 billion yen.
CURRENT ACCOUNT AS A SHARE OF GDP (2021Q1 over 2020Q4)
Japan's current account surplus (as measured as a share of GDP) narrowed 0.9 percentage points to 3.7%.
The ratio of the current account balance to the Gross Domestic Product (or % of GDP) provides an indication of the country's trade and income flows relative to the size of the economy. The ratio is calculated by dividing the net values of exports less imports, primary Income (interest and dividends) and secondary income (transfers) over a period by the gross domestic product for the same period. Although called a ratio, it is usually expressed as a percentage. A current account surplus indicates upward pressure on the foreign exchange rate unless it is offset by net outflows (leading, acquisition of assets) outside the country.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
OECD, Quarterly balance of payments statistics
<--- Return to Archive
