MacroMicro

Japan Trade ×

Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Exports

Exports account for roughly 16% of GDP. Japan mainly exports to the US, China, and Four Asian Drags. The main export is transport equipment, machinery, and electrical machinery.

Internal demand has been weak for a long time, Japanese prime minister Abe proposed the commonly known "Abenomics", which aims to stimulate export by depreciating Yen. It worked, but Yen rose strongly in 2016 due to a global economic slowdown, and Japanese export declined again.

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Latest Stats
  • Japan Exports (L)
    2021-08
    6,605,757.00m
  • Japan Exports (YoY, R)
    2021-08
    26.20%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Imports

Imports account for roughly 16% of GDP. Japan's main import partners are China and other Asian countries. Main imports are mineral fuels, electrical machinery and chemicals.

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Latest Stats
  • Japan Imports (L)
    2021-08
    7,241,113.00m
  • Japan Imports (YoY, R)
    2021-08
    44.70%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Trade Balance

Japan was a net exporter until the tsunami damaged the country in 2011. Japan now needs more fuel import such as natural gas. After national crude oil price spiked and Yen strategically devalued in 2013, import sales has exceeded export sales and created an immense trade deficit.

In the 2nd half of 2018, car sales were languid. Demand for semiconductors was weak, too. Japanese exports thus lost momentum, while imports of liquefied natural gas and crude oil from the US, Russia, and the Middle East were strong.

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Latest Stats
  • Japan Trade Balance
    2021-08
    -635,356.00m
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Exports by Country (YoY)

Japan's major export partners are Four Asian Tigers (21%), China (20%), and the US (19%). Main exports to the US and China are respectively transportation equipment and electrical machinery.

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Latest Stats
  • The US
    2021-08
    22.80%
  • Eurozone
    2021-08
    29.90%
  • China
    2021-08
    12.60%
  • ASEAN
    2021-08
    33.30%
  • Four Asian Tigers
    2021-08
    35.32%
  • The Middle East
    2021-08
    41.70%
  • Russia
    2021-08
    46.70%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Export by Industry (YoY)

Main exports are transport equipment (23%), machinery (20%), and electrical machinery (17%). Main exports to Asian countries are electrical machinery, machinery, and chemicals. Main exports to the US are transport equipment and electrical machinery.

Besides weak transport equipment export, machinery and electrical machinery are also slowing down because of trade protectionism and the slow demand for semiconductors in China. Sluggish export has taken its toll on Japanese economic growth.

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Latest Stats
  • Transport equipment
    2021-08
    11.50%
  • Machinery
    2021-08
    31.80%
  • Electrical machinery
    2021-08
    17.10%
  • Manufactured goods
    2021-08
    43.60%
  • Chemicals
    2021-08
    28.50%
  • Raw materials
    2021-08
    48.90%
  • Mineral fuels
    2021-08
    153.50%
  • Foodstuff
    2021-08
    29.20%
  • Others
    2021-08
    27.70%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Exports vs. Yen

Abenomics, introduced at the end of 2012, aims to drive economic growth up by devaluing Yen. A weak Yen helped bring exporst up.

Japanese exports declined in 2015, affected by slow economic growth throughout the world. Negative interest rates since early 2016 did not work as effectively as the government had expected it would, and exports were down again. During the same year, the US presidential election and Fed's rate hikes have suppressed Yen, resulting in rebounds in exports.

In the 2nd half of 2018, global car sales were poor, including sales in the US, China, and the EU. And it took a toll on Japan's automobile exports.

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Latest Stats
  • USD/JPY (L)
    2021-09-21
    109.61
  • Japan Exports (YoY, R)
    2021-08
    26.20%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Imports by Country

About half of Japan's imports are from Asian countries, including China, ASEAN, and Four Asian Tigers. Other major import partners include Eurozone, the US, and the Middle East; each accounts for about 10% to 12% of Japanese imports.

Major imported goods are as below:
From China: electrical machinery, others (clothing and accessories), and machinery
From ASEAN: others (clothing and accessories), electrical machinery, and mineral fuels
From Four Asian Tigers: electrical machinery, others (optical instruments), and manufactured goods
From Eurozone: Chemicals, transpor equipment, and others (optical instruments)
From the US: Foodstuff, chemicals, electrical machinery, and machinery
From the Middle East: mineral fuels

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Latest Stats
  • The US
    2021-08
    757,490.00m
  • Eurozone
    2021-08
    862,612.00m
  • China
    2021-08
    1,628,977.00m
  • ASEAN
    2021-08
    1,052,885.00m
  • Four Asian Tigers
    2021-08
    697,712.00m
  • The Middle East
    2021-08
    839,638.00m
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Imports by Country (YoY)

About half of Japan's imports are from Asian countries, including China, ASEAN, and Four Asian Tigers. Other major import partners include Eurozone, the US, and the Middle East; each accounts for about 10% to 12% of Japanese imports.

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Latest Stats
  • The US
    2021-08
    33.50%
  • Eurozone
    2021-08
    54.50%
  • China
    2021-08
    23.20%
  • ASEAN
    2021-08
    32.00%
  • Four Asian Tigers
    2021-08
    46.84%
  • The Middle East
    2021-08
    122.70%
  • Russia
    2021-08
    7.10%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Imports by Industry (YoY)

Imports account for roughly 16% of Japanese GDP. Major import partners are China and other Asian countries. Main imports are mineral fuels, electrical equipment, and chemicals.

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Latest Stats
  • Electrical machinery
    2021-08
    23.90%
  • Mineral fuels
    2021-08
    104.10%
  • Chemicals
    2021-08
    61.00%
  • Foodstuff
    2021-08
    20.90%
  • Manufactured goods
    2021-08
    52.20%
  • Machinery
    2021-08
    18.90%
  • Raw materials
    2021-08
    76.80%
  • Transport equipment
    2021-08
    27.90%
  • Others
    2021-08
    17.50%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Machinery Orders from Overseas

There are three types of machinery orders:
1. From overseas (about 40% to 45%)
2. Private sector (about 40% to 45%)
3. Governments (about 10% to 15%)

Machinery orders declined considerably in 2008 amid the Financial Crisis, pulling down GDP. Two years later, machinery orders grew as the economy recovered. In 2013, Yen depreciation led to a rebound in machinery orders. In 2016, machinery orders showed steady growth because of BOJ's loose monetary policies and a better outlook for the global economy.

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Latest Stats
  • Japan Machinery Orders from Overseas(L)
    2021-07
    1,514,827.90m
  • Japan Machinery Orders from Overseas(YoY,R)
    2021-07
    1,514,827.90m
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
iShares MSCI Japan ETF $72.37 8.57% 7.12% 0.51%
JPMorgan BetaBuilders Japan ETF $60.51 8.44% 8.05% 0.19%
WisdomTree Japan Hedged Equity Fund $63.69 7.88% 17.03% 0.48%
Franklin FTSE Japan ETF $31.79 8.35% 6.75% 0.09%
iShares Currency Hedged MSCI Japan ETF $40.68 8.13% 13.41% 0.51%
#Equity-Region: Japan

Save Japan Exports by Three Important Industry (YoY)

Main exports are transport equipment (23%), machinery (17%), and electrical machinery (20%). Altogether they account for roughly 60% of overall exports.

Exports of transport equipment to the US have slowed down since 2018. Machinery and electrical machinery also slumped in 2019 because demand from China for semiconductors declined and trade protectionism rose. Weak exports have hurt Japan's economy.

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Latest Stats
  • Exports (YoY, R)
    2021-08
    26.20%
  • Export of transport equipment (YoY, L)
    2021-08
    11.50%
  • Export of machinery (YoY, L)
    2021-08
    31.80%
  • Export of electrical machinery (YoY, L)
    2021-08
    17.10%
Source
Feedback

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