Japan’s July trade reached record values as imports outpaced exports. Historically, July marked the second consecutive month where import values set new records. The rise in crude oil imports played a crucial role amid increased energy expenses for Japan. The volume of crude oil imported increased by 5.5% compared to July 2025, ending a three-month streak of year-on-year declines. Meanwhile, the total value of crude shipments surged by 87.8% over the same period. Japan’s heavy reliance on imported energy makes fluctuations in oil prices and exchange rates vital factors influencing its trade figures.