Japan's clothing & accessories imports ease 1.1% in Apr-Sept 2023

In the first half of current fiscal 2023-24 (April-March), imports of textile yarn and fabric amounted to 577,796 million yen, marking a 10.8 per cent decline compared to the same period in the previous year. These imports accounted for 1.1 per cent of Japan’s total imports.

Meanwhile, during the same period, Japan’s exports of textile yarn and fabric were valued at 393,533 million yen, an increase of 1.0 per cent year-on-year. Likewise, the country’s textile machinery exports rose to 169,302 million yen, a significant increase of 16.1 per cent from the corresponding period of 2022. These exports contributed 0.3 per cent to Japan’s total exports.

In September 2023, Japan’s clothing and accessories imports eased 2.4 per cent to 394,787 million yen (approximately $2,639.57 million). The imports of textile yarn and fabric were noted at 101,961 million yen, marking an 8.1 per cent decline compared to the same month last year. Conversely, exports of textile yarn and fabric were valued at 69,045 million yen, an increase of 6.6 per cent year-on-year. Additionally, the country’s textile machinery exports rose to 28,029 million yen, an increase of 12.7 per cent.

During FY23 (April-March), Japan’s clothing and accessories imports reached 3,619,550 million yen (approximately $25,046.36 million), reflecting a substantial 26.1 per cent increase compared to FY22. The imports of textile yarn and fabric were valued at 1,275,608 million yen, reflecting a growth of 23.2 per cent. Over the course of FY23, Japan exported textile yarn and fabric worth 776,999 million yen, while the exports of textile machinery were valued at 306,781 million yen.

ALCHEMPro News Desk (KUL)