Imports to Japan went up 5.7% yoy to a 14-month high of JPY 6.71 billion in March 2021, above market expectations of a 4.7% rise and after an 11.8% gain in February, amid a further recovery in domestic demand in the wake of the pandemic. Purchases of electrical machinery grew by 10.3%, led by semiconductors (6.6%), ICs (6.6%). Also, imports of others went up by 6.5%, boosted by scientific instruments (6.5). In addition, arrivals increased for chemicals (15.8%), due to medical products (27.3%) and organic chemicals (2.9%); machinery (15.5%), driven by computers (21.9); manufactured goods (10%), led by nonferrous metals (18.2%); raw materials (30%), due to ore of nonferrous (24.4%). In contrast, imports fell for mineral fuels (-11.6%), and transport equipment (-10.4%). Purchases went up from China (10%), Taiwan (8.7%), South Korea (11%), Thailand (15.4%), the US (6.5%), Germany (11.2%), and Netherland (87.3). By contrast, imports shrank from Australia (-8.5%), and Russia (-12.4%). source: Ministry of Finance, Japan
Imports in Japan averaged 3106.67 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 May of 2021.
Imports in Japan is expected to be 5800.00 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 5900.00 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.