In the first half of fiscal year 2015-16 (April-September), Japan's clothing and accessories' imports stood at 1,725.998 billion yen ($14.34 billion), showing an increase of 6.2 per cent year-on-year, as per the provisional trade statistics released by the ministry of finance. Of this, 92.8 per cent or 1,603.200 billion yen ($13.32 billion) worth of goods were imported from Asia.
Among the Asian countries, imports from China grew by 1.1 per cent year-on-year to 1,160.276 billion yen ($9.64 billion) during the six-month period, the data showed.
During the period under discussion, Japan imported apparel and accessories worth 89.650 billion yen from the EU, showing an increase of 5.8 per cent year-on-year. The Far Eastern country also imported 9.712 billion yen worth of clothing and accessories from the US, up 2.8 per cent.
However, the value of Japan's import of textile yarn and fabrics increased by 6.5 per cent year-on-year to 490.660 billion yen in April-September 2015. A bulk of these imports valued at 433.568 billion yen were supplied by the countries in the Asian region, with China alone accounting for 274.827 billion yen, while imports from Asean nations stood at 96.524 billion yen.
Japan imported yarn and fabric worth 33.998 billion yen from the EU countries, whereas its imports from the US were valued at 14.271 billion yen, during the first half of the current fiscal.
In 2014, Japan's clothing and accessories imports surged marginally by 0.3 per cent year-on-year to 3,258.418 billion yen, while its textile yarn and fabric imports shot up by 9.7 per cent year-on-year to 932.254 billion yen. (RKS)
Fibre2Fashion News Desk – India