Japan's clothing imports up 3.5% in H1 FY25, machinery exports drop

Japan's 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. In contrast, exports of textile machinery declined by 25.0 per cent, amounting to 127,011 million yen, contributing 0.2 per cent to total exports.

In September 2024, the sixth month of fiscal 2024-25, Japan experienced a decline in its imports of clothing and accessories, which fell by 8.3 per cent to 364,254 million yen (approximately $2.431 billion). These imports accounted for 3.9 per cent of the nation's total imports, which stood at 9,332,546 million yen.

Imports of textile yarn and fabric in September 2024 decreased by 6.6 per cent year-on-year, totalling 95,264 million yen, and represented 1.0 per cent of total imports.

Japan's exports of textile yarn and fabric eased by 0.5 per cent during the same month, reaching 68,668 million yen. Exports of textile machinery also dropped by 24.4 per cent to 21,184 million yen, 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 textile machinery exports 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)