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Japan's clothing imports down 12.3% in 2016

14
Feb '17
Japan’s clothing and accessories’ imports decreased by 12.3 per cent year-on-year to 2,996.330 billion yen ($26.368 billion) in 2016. Of this, 92.9 per cent or 2,784.796 billion yen ($24.506 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 1,907.396 billion yen ($16.785 billion), registering a decrease of 16.6 per cent year-on-year, the data showed.

During January-December 2016, Japan imported apparel and accessories worth 156.504 billion yen ($1.377 billion) from the EU, down 7.2 per cent year-on-year. The Far Eastern country also imported 14.476 billion yen ($127.39 million) worth of clothing and accessories from the US, down 25.6 per cent.

Meanwhile, value of Japan’s import of textile yarn and fabrics dropped 10.5 per cent year-on-year to 874.666 billion yen ($7.697 billion) during the period under review. A bulk of these imports valued at 775.885 billion yen ($6.828 billion) were supplied by the countries in the Asian region, with China alone accounting for 487.678 billion yen ($4.291 billion), while imports from Asean nations stood at 175.557 billion yen ($1.544 billion).

Japan imported yarn and fabric worth 58.283 billion yen ($512.91 million) from the EU countries, whereas its imports from the US were valued at 24.918 billion yen ($219.28 million), during the year. (RKS)

Fibre2Fashion News Desk – India


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