Imports to Japan soared 27.9% yoy to JPY 6,448 billion in May 2021, above market forecast of a 26.6% rise and after a 12.8% gain in April. This was the fourth straight month of growth in inbound shipments, as domestic demand accelerated in the wake of the pandemic. Purchases of electrical machinery surged 24.7%, led by semiconductors (17.9%), and ICs (20.6%); while those of others jumped 23.2%, boosted by scientific instruments (12.8%); and those of chemicals climbed 31.2%, mainly due to medical products (61.1%). Also, there were rises in imports of machinery (3.7%), led by power generating (15.6%); manufactured goods (9.7%), led by nonferrous metals (10.6%); raw materials (49.1%), due to ore of nonferrous (21.4%); mineral fuels (70.5%); transport equipment (68.7%). Purchases rose from China (4.8%), Hong Kong (72%), Taiwan (14.2%), South Korea (34.1%), Thailand (11.6%), the US (28.7%), Germany (26%), and Australia (40.7%). By contrast, imports shrank from Singapore (-17.6%). source: Ministry of Finance, Japan
Imports in Japan averaged 3116.89 JPY Billion from 1963 until 2021, 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 2021.
Imports in Japan is expected to be 6800.00 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 6500.00 in 12 months time. In the long-term, the Japan Imports is projected to trend around 6200.00 JPY Billion in 2022 and 6540.00 JPY Billion in 2023, according to our econometric models.