Imports to Japan slumped 26.2 percent yoy to JPY 5.02 trillion in May 2020, after falling 7.1 percent in the previous month. It marked the 13th straight month of drop in purchases, mainly due to lower imports of mineral fuels (-57.5 percent vs -32.9 percent in April) led by petroleum (-78.9 percent) amid lower prices. Also, imports of machinery fell 12.6 percent after a 4.3 percent decline. Among top trading partners, imports from the US tanked 27.5 percent after growing 1.6 percent in the previous month, while those from China dropped 2 percent after climbing 11.7 percent. Also, purchases from Westen Europe plunged 30.9 percent, led by a 48.8 percent decline from France.
Imports in Japan averaged 3069.17 JPY Billion from 1963 until 2020, reaching an all time high of 8047.03 JPY Billion in January of 2014 and a record low of 162.06 JPY Billion in January of 1963. This page provides the latest reported value for - Japan Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Imports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Ministry of Finance, Japan
Imports in Japan is expected to be 4800.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Japan to stand at 5800.00 in 12 months time. In the long-term, the Japan Imports is projected to trend around 6200.00 JPY Billion in 2021 and 6540.00 JPY Billion in 2022, according to our econometric models.