Japan’s imports of clothing and accessories declined by 13.2 per cent year-on-year to 2,710.029 billion yen ($24.72 billion) in Japanese fiscal year 2020 ending March 31, 2021. Of this, 92.86 per cent or 2,516.721 billion yen ($22.96 billion) worth of goods were imported from Asia, according to trade statistics from the ministry of finance.

Among the Asian countries, imports from China stood at 1,487.773 billion yen ($13.57 billion), showing a decline of 12.9 per cent year-on-year, the data showed.

During April-March 2020-21, Japan imported apparel and accessories worth 132.506 billion yen ($1.21 billion) from the EU, down 20.9 per cent year-on-year. The Far Eastern country also imported 8.216 billion yen ($74.94 million) worth of clothing and accessories from the US, down 35.1 per cent.

Meanwhile, the value of Japan’s import of textile yarn and fabrics shot up by 37.4 per cent year-on-year to 1,273.338 billion yen ($11.61 billion) during the period under review. A bulk of these imports valued at 1,190.683 billion yen ($10.86 billion) were supplied by the countries in the Asian region, with China alone accounting for 883.454 billion yen ($8.06 billion), while imports from Asean nations stood at 202.496 billion yen ($1.85 billion).

Japan imported yarn and fabric worth 44.449 billion yen ($405.44 million) from the EU countries, whereas its imports from the US were valued at 18.622 billion yen ($169.86 million) during the twelve-month period.

Fibre2Fashion News Desk (RKS)

Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.