U.S. Imports of Goods by Customs Basis from Japan
IMPJP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,956.42
Year-over-Year Change
2.19%
Date Range
1/1/1985 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Japan measures the value of physical goods imported into the United States from Japan. This metric is a key indicator of trade flows and economic activity between the two countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total value of physical merchandise imported into the U.S. from Japan, excluding services, based on the customs valuation method. It is a widely tracked indicator of the commercial relationship and trade balance between the world's largest and third-largest economies.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Analysts and policymakers monitor this import trend to assess the dynamics of the U.S.-Japan trade relationship and its broader economic implications.
Key Facts
- Japan is the 4th largest source of U.S. imports.
- U.S. imports from Japan peaked at $138 billion in 2018.
- The U.S. has run a persistent trade deficit with Japan.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of physical goods imported into the United States from Japan, excluding services, based on the customs valuation method.
Q: Why is this trend relevant for users or analysts?
A: This import trend is a key indicator of the commercial relationship and trade balance between the world's largest and third-largest economies.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this import trend to assess the dynamics of the U.S.-Japan trade relationship and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
Related Trends
U.S. Imports of Goods by Customs Basis from China
IMPCH
Imports of Goods: Non-Manufactured Commodities for United States
IMPNONUS
Imports of Goods: General Merchandise: Consumer goods except food and automotive
IEAMGCG
Imports of Goods: General Merchandise: Other general merchandise
IEAMGO
Imports of Services: Telecommunications, computer, and information services
IEAMSTC
Primary income payments: Investment income
IEAMII
Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Japan (IMPJP), retrieved from FRED.