In fiscal year ended March 31, 2016, Japan's clothing and accessories' imports increased by 1.7 per cent year-on-year to 3,382.180 billion yen ($31.07 billion). Of this, 93.2 per cent or 3,152.387 billion yen ($28.96 billion) worth of goods were imported from Asia, provisional trade
statistics released by the ministry of finance showed.
Among the Asian countries, imports from China stood at 2,241.292 billion yen ($20.59 billion), showing a decrease of 3.3 per cent year-on-year, the data showed.
During the 12-month period under discussion, Japan imported apparel and accessories worth 168.399 billion yen ($1.05 billion) from the EU, showing an increase of 3.6 per cent year-on-year. The Far Eastern country
also imported 18.244 billion yen ($0.17 billion) worth of clothing and accessories from the US, down 6.7 per cent.
Meanwhile, value of Japan's import of textile
yarn and fabrics increased by 1.8 per cent year-on-year to 965.107 billion yen ($8.87 billion) in April-March 2015-16. A bulk of these imports valued at 857.010 billion yen ($7.87 billion) were supplied by the countries in the Asian region, with China alone accounting for 541.342 billion yen ($4.97 billion), while imports from Asean nations stood at 191.772 billion yen ($1.76 billion).
Japan imported yarn and fabric worth 63.167 billion yen ($0.58 billion) from the EU countries, whereas its imports from the US were valued at 27.490 billion yen ($0.25 billion), during the last fiscal. (RKS)
Fibre2Fashion News Desk – India