diff --git a/changelog.dd b/changelog.dd
index 8b12e5f8ccf3..0974b66f2d21 100644
--- a/changelog.dd
+++ b/changelog.dd
@@ -8,12 +8,41 @@ $(BUGSTITLE Language Changes,
 )
 
 $(BUGSTITLE Compiler Changes,
+    $(LI $(RELATIVE_LINK2 deferred_alias, Analysis for aliases in imported modules is deferred.))
 )
 
 $(BUGSTITLE Language Changes,
 )
 
 $(BUGSTITLE Compiler Changes,
+    $(LI $(LNAME2 deferred_alias, Analysis for aliases in imported modules is deferred.)
+
+    $(P Example:)
+
+        ---
+        module lib;
+        template ExpensiveApiImpl(int ver)
+        {
+            ...
+            void func() {}
+            pragma(msg, "instantiated ExpensiveApiImpl ", ver);
+        }
+        alias api1 = ExpensiveApiImpl!(1);
+        alias api2 = ExpensiveApiImpl!(2);
+        ---
+
+        ---
+        import lib;
+        void main()
+        {
+            // OK, prints "instantiated ExpensiveApiImpl 1"
+            api1.func();
+
+            // Don't print "instantiated ExpensiveApiImpl 2", because
+            // the alias name 'api2' is not used.
+        }
+        ---
+    )
 )
 
 Macros:
diff --git a/src/declaration.d b/src/declaration.d
index 50d8d5723455..6a13b10df4ed 100644
--- a/src/declaration.d
+++ b/src/declaration.d
@@ -542,6 +542,22 @@ public:
     }
 
     override void semantic(Scope* sc)
+    {
+        if (semanticRun >= PASSsemanticdone)
+            return;
+        assert(semanticRun <= PASSsemantic);
+
+        storage_class |= sc.stc & STCdeprecated;
+        protection = sc.protection;
+        userAttribDecl = sc.userAttribDecl;
+
+        if (!sc.func && inNonRoot())
+            return;
+
+        aliasSemantic(sc);
+    }
+
+    final void aliasSemantic(Scope* sc)
     {
         //printf("AliasDeclaration::semantic() %s\n", toChars());
         if (aliassym)
@@ -574,10 +590,6 @@ public:
         }
         inuse = 1;
 
-        storage_class |= sc.stc & STCdeprecated;
-        protection = sc.protection;
-        userAttribDecl = sc.userAttribDecl;
-
         // Given:
         //  alias foo.bar.abc def;
         // it is not knowable from the syntax whether this is an alias
@@ -799,24 +811,31 @@ public:
             type = Type.terror;
             return aliassym;
         }
-        if (aliassym)
+
+        if (semanticRun >= PASSsemanticdone)
         {
             // semantic is already done.
 
-            // Even if type.deco !is null, "alias T = const int;` needs semantic
-            // call to take the storage class `const` as type qualifier.
-        }
-        else if (_import && _import._scope)
-        {
-            /* If this is an internal alias for selective/renamed import,
-             * resolve it under the correct scope.
-             */
-            _import.semantic(null);
+            // Do not see aliassym !is null, because of lambda aliases.
+
+            // Do not see type.deco !is null, even so "alias T = const int;` needs
+            // semantic analysis to take the storage class `const` as type qualifier.
         }
-        else if (_scope)
+        else
         {
-            semantic(_scope);
+            if (_import && _import._scope)
+            {
+                /* If this is an internal alias for selective/renamed import,
+                 * load the module first.
+                 */
+                _import.semantic(null);
+            }
+            if (_scope)
+            {
+                aliasSemantic(_scope);
+            }
         }
+
         inuse = 1;
         Dsymbol s = aliassym ? aliassym.toAlias() : this;
         inuse = 0;
diff --git a/src/declaration.h b/src/declaration.h
index bed3c6044f56..458b4724334b 100644
--- a/src/declaration.h
+++ b/src/declaration.h
@@ -205,6 +205,7 @@ class AliasDeclaration : public Declaration
     AliasDeclaration(Loc loc, Identifier *ident, Dsymbol *s);
     Dsymbol *syntaxCopy(Dsymbol *);
     void semantic(Scope *sc);
+    void aliasSmantic(Scope *sc);
     bool overloadInsert(Dsymbol *s);
     const char *kind();
     Type *getType();
diff --git a/src/dimport.d b/src/dimport.d
index d49c7aca8a37..332544566039 100644
--- a/src/dimport.d
+++ b/src/dimport.d
@@ -291,6 +291,7 @@ public:
                 //printf("module4 %s because of %s\n", sc.module.toChars(), mod.toChars());
                 sc._module.needmoduleinfo = 1;
             }
+
             sc = sc.push(mod);
             sc.protection = protection;
             for (size_t i = 0; i < aliasdecls.dim; i++)
@@ -300,6 +301,9 @@ public:
                 if (mod.search(loc, names[i]))
                 {
                     ad.semantic(sc);
+                    // If the import declaration is in non-root module,
+                    // analysis of the aliased symbol is deferred.
+                    // Therefore, don't see the ad.aliassym or ad.type here.
                 }
                 else
                 {
@@ -313,6 +317,7 @@ public:
             }
             sc = sc.pop();
         }
+
         // object self-imports itself, so skip that (Bugzilla 7547)
         // don't list pseudo modules __entrypoint.d, __main.d (Bugzilla 11117, 11164)
         if (global.params.moduleDeps !is null && !(id == Id.object && sc._module.ident == Id.object) && sc._module.ident != Id.entrypoint && strcmp(sc._module.ident.string, "__main") != 0)
diff --git a/src/dsymbol.d b/src/dsymbol.d
index d7eed7d330c7..c7313a039275 100644
--- a/src/dsymbol.d
+++ b/src/dsymbol.d
@@ -1016,11 +1016,11 @@ public:
         Dsymbol s = parent;
         for (; s; s = s.toParent())
         {
-            if (TemplateInstance ti = s.isTemplateInstance())
+            if (auto ti = s.isTemplateInstance())
             {
                 return false;
             }
-            if (Module m = s.isModule())
+            if (auto m = s.isModule())
             {
                 if (!m.isRoot())
                     return true;
diff --git a/test/compilable/imports/test13242a.d b/test/compilable/imports/test13242a.d
new file mode 100644
index 000000000000..941c9941b1bd
--- /dev/null
+++ b/test/compilable/imports/test13242a.d
@@ -0,0 +1,19 @@
+module imports.test13242a;
+
+template expensiveArgs(alias v)
+{
+    pragma(msg, "a.expensiveArgs: ", v);
+}
+
+template expensiveTemplate(Args...)
+{
+    pragma(msg, "a.expensiveTemplate: ", Args[0]);
+}
+
+alias apiSym1 = expensiveTemplate!(1, expensiveArgs!(1));
+
+alias apiSym2 = expensiveTemplate!(2, expensiveArgs!(2));
+
+public import imports.test13242b : apiSym3;
+
+void cheapFunc() {}
diff --git a/test/compilable/imports/test13242b.d b/test/compilable/imports/test13242b.d
new file mode 100644
index 000000000000..fab8d686726a
--- /dev/null
+++ b/test/compilable/imports/test13242b.d
@@ -0,0 +1,13 @@
+module imports.test13242b;
+
+template expensiveArgs(alias v)
+{
+    pragma(msg, "b.expensiveArgs: ", v);
+}
+
+template expensiveTemplate(Args...)
+{
+    pragma(msg, "b.expensiveTemplate: ", Args[0]);
+}
+
+alias apiSym3 = expensiveTemplate!(3, expensiveArgs!(3));
diff --git a/test/compilable/test13242.d b/test/compilable/test13242.d
new file mode 100644
index 000000000000..0d6ef276aa08
--- /dev/null
+++ b/test/compilable/test13242.d
@@ -0,0 +1,34 @@
+// REQUIRED_ARGS: -o-
+/*
+TEST_OUTPUT:
+---
+main
++alias apiSym1
+a.expensiveArgs: 1
+a.expensiveTemplate: 1
+-alias apiSym1
++alias apiSym3
+b.expensiveArgs: 3
+b.expensiveTemplate: 3
+-alias apiSym3
+---
+*/
+
+import imports.test13242a;
+
+void main()
+{
+    pragma(msg, "main");
+
+    cheapFunc();
+
+    pragma(msg, "+alias apiSym1");
+    alias apiSym1 = .apiSym1;
+    pragma(msg, "-alias apiSym1");
+
+    // imports.test13242a.apiSym2 is not analyzed.
+
+    pragma(msg, "+alias apiSym3");
+    alias apiSym3 = .apiSym3;
+    pragma(msg, "-alias apiSym3");
+}