Imports to Japan plunged 20.8 percent yoy to JPY 4.98 trillion in August 2020, compared to market forecasts of a 18 percent slump and following a 22.3 percent drop in July. This marked the 16th consecutive month of decline in inbound shipments, as purchases of transport equipment plummeted 39.1 percent, dragged mainly by a 50.9 percent drop in aircraft and a 38.2 percent decline in motor vehicles. Meanwhile, purchases of mineral fuels plunged 45.1 percent, dragged by a 52.5 percent decline in petroleum. Imports fell from China (-7 percent), Hong Kong (-26.3 percent), Thailand (-18.3 percent), South Korea (-18.3 percent), and the US (-22 percent).
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 September 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.