Japan's textile machinery exports jump 53.3% in Feb'14

28 Mar '14

2 min read

The exports of textile machinery from Japan increased by 53.3 percent year-on-year to 30.898 billion yen in February 2014, according to the trade statistics released by the Ministry of Finance.

The Asian countries accounted for most of textile machines from Japan during the month. These countries imported 24.464 billion yen worth of textile machines, registering a growth of 42.9 percent year-on-year. Of this, exports to China soared 66.9 percent year-on-year to 15.844 billion yen, whereas those to the Asean countries inched up by 4.4 percent year-on-year to 2.718 billion yen.

Textile machine exports to the US surged by 61.3 percent year-on-year to 833 million yen during the month under review, while those to the EU declined by 1.2 percent year-on-year to 782 million yen, the data showed.

Meanwhile, Japan’s total exports of textile yarn and fabric in February 2014 increased by 5.9 percent year-on-year to 55.599 billion yen.

Asian nations imported 40.016 billion yen of yarn and fabric from Japan in February 2014, showing a rise of 23 percent compared to the same month last year. Of this, China imported yarn and fabric worth 18.996 billion yen, up 27.1 percent year-on-year, while the Asean nations imported 11.411 billion yen worth of goods, up 15.9 percent year-on-year.

However, Japan’s yarn and fabric exports to the Middle East countries decreased by 12.9 percent year-on-year to 2.913 billion yen during the month.

Japan’s yarn and fabric exports to the EU countries showed a marginal rise of 0.8 percent year-on-year, and increased to 4.696 billion yen in February 2014, whereas exports to the US increased by 11 percent year-on-year to 3.883 billion yen.

Fibre2fashion News Desk - India

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