diff --git a/Cargo.lock b/Cargo.lock
index b254b22aa..2cea2aff4 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1007,7 +1007,7 @@ dependencies = [
  "wasm-encoder 0.35.0",
  "wit-bindgen-core",
  "wit-component",
- "wit-parser 0.12.0",
+ "wit-parser 0.12.1",
 ]
 
 [[package]]
@@ -1693,7 +1693,7 @@ dependencies = [
  "wit-bindgen-rust",
  "wit-bindgen-teavm-java",
  "wit-component",
- "wit-parser 0.12.0",
+ "wit-parser 0.12.1",
 ]
 
 [[package]]
@@ -1702,7 +1702,7 @@ version = "0.12.0"
 dependencies = [
  "anyhow",
  "wit-component",
- "wit-parser 0.12.0",
+ "wit-parser 0.12.1",
 ]
 
 [[package]]
@@ -1774,9 +1774,9 @@ dependencies = [
 
 [[package]]
 name = "wit-component"
-version = "0.15.0"
+version = "0.16.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c1bc644bb4205a2ee74035e5d35958777575fa4c6dd38ce7226c7680be2861c1"
+checksum = "e87488b57a08e2cbbd076b325acbe7f8666965af174d69d5929cd373bd54547f"
 dependencies = [
  "anyhow",
  "bitflags 2.4.0",
@@ -1789,7 +1789,7 @@ dependencies = [
  "wasm-metadata",
  "wasmparser 0.115.0",
  "wat",
- "wit-parser 0.12.0",
+ "wit-parser 0.12.1",
 ]
 
 [[package]]
@@ -1812,9 +1812,9 @@ dependencies = [
 
 [[package]]
 name = "wit-parser"
-version = "0.12.0"
+version = "0.12.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d08c9557c65c428ac18a3cce80bf2527dbec24ab06639642c7db73f2c7613f93"
+checksum = "f6ace9943d89bbf3dbbc71b966da0e7302057b311f36a4ac3d65ddfef17b52cf"
 dependencies = [
  "anyhow",
  "id-arena",
diff --git a/Cargo.toml b/Cargo.toml
index 3071cf4f7..5150f47ed 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -31,8 +31,8 @@ indexmap = "2.0.0"
 
 wasm-encoder = "0.35.0"
 wasm-metadata = "0.10.9"
-wit-parser = "0.12"
-wit-component = "0.15.0"
+wit-parser = "0.12.1"
+wit-component = "0.16.0"
 
 wit-bindgen-core = { path = 'crates/core', version = '0.12.0' }
 wit-bindgen-c = { path = 'crates/c', version = '0.12.0' }