ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Trade

Japan logs record $155bn trade deficit for 2022 as fuel costs jump

Import growth outpaces export rise, with weak yen compounding pressure

Resource-poor Japan relies heavily on imported fuel, such as liquefied natural gas.   © Reuters

TOKYO -- Japan on Thursday reported a record annual trade deficit of 19.97 trillion yen ($155 billion) for 2022, after a combination of high commodity prices and a weak yen increased import costs.

According to preliminary data released by the Finance Ministry, Japan's exports grew 18% to 98.18 trillion yen last year, while imports increased 39% to 118.15 trillion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more