Home / Knowledge / News / Textiles / Chinese textile exports to Japan dip on yen depreciation
Chinese textile exports to Japan dip on yen depreciation
Jan '14
The depreciation of the Japanese currency against the US dollar, along with the appreciation of the Chinese yuan against the dollar, has resulted in the decline in Chinese textiles and apparel exports to Japan.
From January to November 2013, China exported 25.9 billion yuan worth of textiles and garments to Japan, registering a decline of 0.63 percent year-on-year. However, the volume of exports has not decreased and the decrease in value is more due to the depreciation of the Japanese yen, which resulted in the decline in the price of Chinese products.
On January 1, 2013, one US dollar was traded at 86.6109 Japanese yen. Thereafter, the currency steadily depreciated to trade at 95.9646 yen for 1 US dollar on March 20, 2013. Though it recovered partially to 93.0461 yen for 1 US dollar on April 3, 2013, it depreciated again to cross the 100 yen for 1 US dollar mark on May 9, 2013. On November 30, 2013, the exchange rate was 102.4452 yen for 1 US dollar.
On the other hand, the Chinese yuan had appreciated against the US dollar during the same period. On January 1, 2013, one US dollar was exchanged for 6.2302 yuan, while the exchange rate on November 30, 2013 was 6.0933 yuan.
In 2014, the Chinese currency is expected to appreciate further to break the 6 RMB against the US dollar mark.
Hence, Chinese textiles and clothing exports to Japan are likely to be under pressure in 2014.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search