Japan: Import Value: MoM

Macro

2026-10-21

Description

The Japan Import Value: Month-over-Month (MoM) Change is released by the Ministry of Finance (MOF). This indicator measures the percentage change in the total value of goods imported by Japan compared to the previous month. It is used to gauge domestic demand for foreign goods and services, providing insights into economic activity and consumer spending. Higher-than-expected growth can indicate robust domestic demand, while lower-than-expected growth or a decline might suggest weakening demand.

The data is updated monthly and is typically released around the middle of the following month.

Published by
Ministry of Finance of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Import Japan

AI Data Insight

Japan's Q3 import value MoM growth rate was 3.1701%, turning significantly positive from the previous -8.1804% and strongly reversing the prior declining trend. Benefiting from global AI capital expenditures driving demand for semiconductor equipment, coupled with Middle East geopolitical tensions pushing up import costs for crude oil and others, overall import momentum has strengthened again. Amid an intensifying tug-of-war between domestic and external demand, the high import bill has also caused Japan's trade balance to fall into a deficit for 5 consecutive months.

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AI Data Insight

Japan's Q3 import value MoM growth rate was 3.1701%, turning significantly positive from the previous -8.1804% and strongly reversing the prior declining trend. Benefiting from global AI capital expenditures driving demand for semiconductor equipment, coupled with Middle East geopolitical tensions pushing up import costs for crude oil and others, overall import momentum has strengthened again. Amid an intensifying tug-of-war between domestic and external demand, the high import bill has also caused Japan's trade balance to fall into a deficit for 5 consecutive months.

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Description

The Japan Import Value: Month-over-Month (MoM) Change is released by the Ministry of Finance (MOF). This indicator measures the percentage change in the total value of goods imported by Japan compared to the previous month. It is used to gauge domestic demand for foreign goods and services, providing insights into economic activity and consumer spending. Higher-than-expected growth can indicate robust domestic demand, while lower-than-expected growth or a decline might suggest weakening demand.

The data is updated monthly and is typically released around the middle of the following month.

Published by
Ministry of Finance of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Import Japan