Imports to Japan dropped by 13.3 percent year-on-year to JPY 5.69 trillion in October of 2020, compared with market forecasts of a 9 percent plunge and after a 17.4 percent tumble in the prior month. This marked the 18th consecutive month of fall in inbound shipments, as the COVID-19 pandemic hit domestic demand. Purchases of transport equipment plunged 31.8 percent, dragged mainly by a 79.6 percent fall in aircraft. Meanwhile, purchases of mineral fuels tumbled 38.5 percent, dragged by a 42.6 percent plunge in petroleum. Imports fell from China (-3.7 percent), Hong Kong (-16.0 percent), Taiwan (-8.8 percent), South Korea (-19.5 percent), the US (-15.6 percent) and Western Europe (-10.8 percent). source: Ministry of Finance, Japan
Imports in Japan averaged 3075.47 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 December of 2020.
Imports in Japan is expected to be 5000.00 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.