2018                              www.bls.gov/mxp 

Japan: Price Movements of Top Imports and Other        Highlights 

 The United States imported over $136.5 billion worth of goods from Japan, accounƟng for 5.8 percent of total imports and ranking fourth as a U.S. import trade partner. 

 The  dollar value of imports from  Japan rose 3.3 in 2017, following a 0.6‐percent increase in 2016.        Previously the dollar value fell 10.3 percent between 2012 and 2015. 

 In 2017, the dollar value of imports for all of the top five import trade partners of the U.S. increased in     value. 

U.S. Import Price Indexes: Japan 

 Japanese import prices decreased 0.3  percent during the fourth quarter of 2017 while prices for overall imports excluding fuels declined 0.1 percent during the same period.  

 The price index for imports from Japan fell 1.1 percent in 2017. 

 Declining import prices for Japanese transportaƟon equipment manufacturing and computer and electronic product manufacturing more than offset rising prices for machinery manufacturing in 2017. 

 Top Five U.S. Import Trade Partners by Trade Dollar‐Value, 2017 

In 2017, import prices from Japan declined 1.1        percent aŌer increasing 1.6 percent in 2016 and     decreasing 2.9 percent in 2015. The import price index for transportaƟon equipment manufacturing from Japan fell 2.0 percent in 2017 while machinery      manufacturing prices advanced 0.3 percent. Both   industries accounted for a combined 61.3 percent of the total  Japanese imports. 

Import/Export Price Indexes (MXP): Japan Highlights                                               www.bls.gov/mxp 

 Japanese import prices for machinery 

manufacturing decreased 0.4 percent 

during the last 3 months of 2017. 

 Prices for Japanese imports of             

machinery manufacturing advanced 0.3 

percent in 2017. 

 Japanese import prices for machinery 

manufacturing have not recorded an 

over‐the‐year decline since decreasing 

0.4 percent for the year ended July 

2016. 

Top Six Imports from Japan by Trade Dollar‐Value, 2017 

 The largest 6 import industries from Japan remained unchanged between 2016 and 2017. 

 TransportaƟon equipment  manufacturing, the largest import industry, accounted for 44.0 percent of all imports from Japan.  

 Machinery manufacturing, the second   largest  import, accounted for 17.3 percent of the total  Japanese imports.  

 The top six import industries from Japan made up 88.7 percent of the total value. 

 Import prices for transportaƟon  equipment manufacturing from Japan decreased 0.6 percent during the last quarter of 2017. 

 Prices for import transportaƟon   equipment manufacturing from Japan declined 2.0 percent between          December 2016 and December 2017. 

 Import transportaƟon equipment  manufacturing prices from Japan fell 2.1 percent for the year ended in     November 2017, the largest 12‐month decline since the index was first      published in December 2014. 

U.S. Import Price Indexes: TransportaƟon Equipment Manufacturing from Japan 

U.S. Import Price Indexes: Machinery Manufacturing from Japan 

Import/Export Price Indexes (MXP) • mxpinfo@bls.gov • www.bls.gov/mxp • 202‐691‐7101