The imports of clothing and accessories by Japan remained almost flat during the fiscal year 2014-15 that ended on 31 March, 2015.
During the fiscal year, Japan imported 3.324 trillion yen (approx. $26.86 billion), showing an increase of 0.2 per cent over the preceding fiscal, as per the provisional trade statistics released by the Ministry of Finance. The value of import is based upon the CIF value, and the entry is made in the year within which falls the date of the import permit.
During April-March 2014-15, Japan’s garment and accessories imports from Asian countries decreased by 0.1 per cent year-on-year to 3.099 trillion yen. Of this, imports from China dropped by 5.3 per cent to 2.317 trillion yen, the data showed.
Japan imported apparel and accessories worth 162.545 billion yen from the EU, showing an increase of 3 per cent year-on-year. The Far Eastern country also imported 19.556 billion yen worth of clothing and accessories from the US, down 1.8 per cent.
However, the value of Japan’s import of textile yarn and fabrics increased by 6.7 per cent year-on-year to 948.105 billion yen during the 12-month period. A bulk of these imports valued at 837.620 billion yen were supplied by the countries in the Asian region, with China alone accounting for 533.609 billion yen, while imports from Asean nations stood at 179.656 billion yen.
Japan imported yarn and fabric worth 66.150 billion yen from the EU countries, whereas its imports from the US were valued at 26.257 billion yen, during the period under review.
In fiscal year 2013-14 that ended on March 31, 2014, Japan’s clothing and accessories imports surged by 20.5 per cent year-on-year to 3.317 trillion yen, while its textile yarn and fabric imports shot up by 22.3 per cent year-on-year to 888.909 billion yen. (RKS)
Fibre2fashion News Desk - India