Japan’s imports of clothing and accessories increased by 4 per cent year-on-year to 3,097.905 billion yen ($28.779 billion) in the Japanese fiscal 2017 ending March 31, 2018. Of this, 92.83 per cent or 2,875.979 billion yen ($26.717 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 1,906.290 billion yen ($17.709 billion), an increase of 1.3 per cent year-on-year, the data showed.

During April-March 2017-18, Japan imported apparel and accessories worth 162.640 billion yen ($1.510 billion) from the EU, up 4.5 per cent year-on-year. The Far Eastern country also imported 13.349 billion yen ($124.01 million) worth of clothing and accessories from the US, down 2.9 per cent.

Meanwhile, the value of Japan’s import of textile yarn and fabrics increased 6.1 per cent year-on-year to 925.684 billion yen ($8.599 billion) during the period under review. A bulk of these imports valued at 820.624 billion yen ($7.623 billion) were supplied by the countries in the Asian region, with China alone accounting for 511.333 billion yen ($4.750 billion), while imports from Asean nations stood at 192.582 billion yen ($1.789 billion).

Japan imported yarn and fabric worth 64.557 billion yen ($599.73 million) from the EU countries, whereas its imports from the US were valued at 24.281 billion yen ($225.57 million), during the year. (RKS)

Fibre2Fashion News Desk – India

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