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Japan's clothing and accessories imports drop in H1
10
Nov '14
The imports of clothing and accessories by Japan declined by 4 percent year-on-year to 1622.189 billion yen (approx US$ 14.204 billion) in the first six months of the ongoing fiscal year (April-September 2014), as per the provisional trade statistics released by the Ministry of Finance. The value of import is based upon the CIF value, and the entry is made in the month within which falls the date of the import permit.
 
During the six-month period, Japan’s garment and accessories imports from Asian countries decreased by 4.7 percent year-on-year to 1505.257 billion yen. Of this, imports from China dropped by 9.6 percent to 1145.83 billion yen, the data showed.
 
Japan imported apparel and accessories worth 84.771 billion yen from the EU, showing an increase of 3.8 percent year-on-year. The Far Eastern country also imported 9.447 billion yen worth of clothing and accessories from the US, down 7.6 percent.
 
However, the value of Japan’s import of textile yarn and fabrics increased by six percent year-on-year to 460.701 billion yen during April-September 2014. A bulk of these imports valued at 403.475 billion yen were supplied by the countries in the Asian region, with China alone accounting for 259.636 billion yen, while imports from Asean nations stood at 83.649 billion yen.
 
Japan imported yarn and fabric worth 35.069 billion yen from the EU countries, whereas its imports from the US were valued at 13.052 billion yen, during the half-year.
 
In fiscal year 2013-14 that ended on March 31, 2014, Japan’s clothing and accessories imports surged by 20.5 percent year-on-year to 3317 billion yen, while its textile yarn and fabric imports shot up by 22.3 percent year-on-year to 888.909 billion yen. (RKS)
 

Fibre2fashion News Desk - India

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