Japan Imports YoYJune 2022 Data - 1964-2021 Historical - July Forecast - Calendar

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%).

Imports to Japan rose by 28.2% yoy to a new record peak of JPY 8,915.4 billion in April 2022, compared with market estimates of a 35.0% jump and after a 31.2% growth in March. This was the 13th straight month of double-digit growth, amid sustained domestic demand, soaring commodity prices and as a weak yen has been raising costs both for consumers and businesses. Purchases of mineral fuels surged 108.9%, boosted by petroleum (99.3%) and LNG (151.6%); while those of electrical machinery rose 7.3%, led by semiconductors (35.6%). Also, imports grew for chemicals (26.5%); manufactured goods (11%), led by nonferrous metals(16.9%); machinery (8.4%), driven by computers (4%); and raw materials (12.3%), due to ore of nonferrous (26.8%). In contrast, arrivals of transport equipment fell 5.2%. Import grew from the US (15.3%), Taiwan (24.9%), South Korea (12.3%), Indonesia (95.9%), Germany (25.5%), and Australia (90.6%). By contrast, purchases from China fell 5.5%, the most since September 2020.

Imports to Japan expanded 31.2% yoy to a record of JPY 8,873.3 billion in March 2022, above estimates of 28.9% growth and after a 34.1% jump a month earlier. This was the 12th straight month of double-digit growth in purchases, amid strong domestic demand, soaring commodity prices and as a weaker yen has been raising costs both for consumers and businesses. Arrivals of mineral fuels surged 80.5%, boosted by petroleum (69.7%) and LNG (89.2%); while those of electrical machinery gained 15.6%, led by semiconductors (50.4%). Also, imports of chemicals soared 42.2%; purchases of manufactured goods climbed 30%, led by nonferrous metals(71.3%); machinery went up 5.3%, led by computers and units (4%); raw materials rose 16.6%, due to ore of nonferrous (24.8%); and arrivals of transport equipment increased 4.3%. Import grew from China (19%), Taiwan (43.2%), South Korea (23.9%), the US (18.4%), Germany (13%), and Australia (86.3%); while fell from Hong Kong (-12.1%).