Japan's clothing & accessories imports down 12% in FY17

07 May '17

2 min read

Japan’s clothing and accessories’ imports decreased by 12 per cent year-on-year to 2,975.488 billion yen ($26.53 billion) in the fiscal year ending March 31, 2017. Of this, 92.9 per cent or 2,764.992 billion yen ($24.66 billion) worth of goods were imported from Asia, trade statistics from the ministry of finance showed.

Among the Asian countries, imports from China stood at 1,880.791 billion yen ($16.77 billion), which was actually a decline of 16.1 per cent year-on-year, the data showed.

During April-March 2016-17, Japan imported apparel and accessories worth 155.688 billion yen ($1.39 billion) from the EU, down 7.6 per cent year-on-year. The Far Eastern country also imported 13.743 billion yen ($122.55 million) worth of clothing and accessories from the US, down 24.7 per cent.

Meanwhile, the value of Japan’s import of textile yarn and fabrics dropped 9.6 per cent year-on-year to 872.606 billion yen ($7.78 billion) during the period under review. A bulk of these imports valued at 775.505 billion yen ($6.92 billion) were supplied by the countries in the Asian region, with China alone accounting for 487.880 billion yen ($4.35 billion), while imports from Asean nations stood at 176.384 billion yen ($1.57 billion).

Japan imported yarn and fabric worth 57.748 billion yen ($514.94 million) from the EU countries, whereas its imports from the US were valued at 24.166 billion yen ($215.49 million), during the 12-month period. (RKS)

Fibre2Fashion News Desk – India

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