17.03.202623:50:00UTC+00Japan Swings Back to Trade Surplus in February After Deep January Deficit

Japan’s trade balance returned to surplus in February 2026, posting a positive 57.3 billion yen after a sharp deficit of 1,163.5 billion yen in January 2026. The latest figures, updated on 17 March 2026, mark a notable turnaround in the country’s external position within just one month.

The move from a substantial negative balance to a modest surplus suggests a significant month-on-month improvement in the relationship between Japan’s exports and imports. While the underlying drivers are not detailed in the release, the reversal may reflect shifts in external demand, exchange rate dynamics, or changes in energy and raw material costs that heavily influence Japan’s trade flows.

This return to surplus in February will likely be watched closely by markets and policymakers, as Japan’s trade performance remains a key indicator for assessing the momentum and resilience of the broader economy in early 2026.