Imports to Japan soared 48.9% yoy to a fresh record peak of JPY 9,636.7 billion in May 2022, above market estimates of a 43.6% increase and after a 28.3% gain in April. This was the 14th straight month of double-digit growth and the fastest rise since May 1980, amid strong domestic demand, surging commodity prices and the weak yen. Purchases of mineral fuels surged 147.8%, boosted by petroleum (147.2%) and LNG (154.7%); and those of electrical machinery climbed 36.0%, led by semiconductors (70.7%). Also, imports grew for others (32.8%); chemicals (25.4%); manufactured goods (31.0%), led by nonferrous metals(17.5%); raw materials (45.1%), linked to ore of nonferrous (75.7%); and machinery (21.7%), driven by computers (5.0%). In contrast, arrivals of transport equipment fell 14.3%. Import grew from China (25.8%), the US (24.2%), Taiwan (55.6%), South Korea (44.5%), Indonesia (101.8%), Germany (14.2%), and Australia (137.3%); while fell from Hong Kong (-10.6%). source: Ministry of Finance, Japan
Imports YoY in Japan averaged 8.28 percent from 1964 until 2022, reaching an all time high of 106.50 percent in February of 1974 and a record low of -42.70 percent in February of 2009. This page includes a chart with historical data for Japan Imports YoY. Japan Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.