Japan's apparel imports ease 1.7% to $1.8 bn in Nov 2024

Additionally, Japan's imports of textile yarn and fabric in November 2024 decreased by 2.3 per cent year-on-year, totalling 101,200 million yen and accounting for 1.1 per cent of total imports.

Conversely, Japan's exports of textile yarn and fabric rose by 7.9 per cent during the same period, reaching 73,978 million yen. In contrast, exports of textile machinery fell by 18.0 per cent to 23,336 million yen, contributing 0.3 per cent to total exports.

During the first half of the current fiscal (April-September 2024), the country's imports of clothing and accessories increased by 3.5 per cent to 1,842,869 million yen (approximately $12.3 billion). Its imports of textile yarn and fabric during April-September 2024 rose by 2.2 per cent year-on-year, totalling 590,305 million yen and representing 1.0 per cent of total imports.

Meanwhile, the country’s exports of textile yarn and fabric increased by 6.8 per cent during the same period, reaching 420,269 million yen. However, exports of textile machinery declined by 25.0 per cent, amounting to 127,011 million yen and contributing 0.2 per cent to total exports.

For fiscal 2023-24 (April-March), Japan’s imports of clothing and accessories amounted to 3,564,850 million yen (approximately $23.107 billion), a decrease of 1.7 per cent. Imports of textile yarn and fabric fell by 10.4 per cent to 1,143,805 million yen. In the same fiscal, Japan exported textile yarn and fabric worth 802,178 million yen, while exports of textile machinery totalled 320,947 million yen.

In fiscal 2022-23, Japan’s imports of clothing and accessories reached 3,619,550 million yen (approximately $25.05 billion), and imports of textile yarn and fabric totalled 1,275,608 million yen. During that fiscal, Japan exported textile yarn and fabric worth 776,999 million yen, while textile machinery exports amounted to 306,781 million yen.

ALCHEMPro News Desk (KUL)