Elevated Oil Prices Push Japan's Imports to All-Time High of $76.39 Billion in July

Source Summary

Japan's import bill reached an all-time high of $76.39 billion in July, up 27.8% from July 2025. Crude oil imports increased 5.5% in volume year-over-year, but the oil bill surged 87.8%, breaking the previous record set in June. The increase was driven by higher oil prices and larger shipments of more expensive US crude.