Japan's textile & clothing imports ease to $2.04 bn in Jan 2024

The country also saw an 8.6 per cent year-on-year decline in its textile yarn and fabric imports in January 2024, totalling 93,057 million yen, which accounted for 1.0 per cent of the total imports.

However, Japan's exports of textile yarn and fabric increased by 15.7 per cent compared to the previous year, reaching 54,343 million yen. The exports of textile machinery dropped by 9.1 per cent from January 2024, amounting to 18,586 million yen, contributing 0.3 per cent to the total exports.

In 2023, Japan experienced a modest 1.1 per cent increase in imports of clothing and accessories, reaching a total of 3,538,460 million yen (approximately $23.937 billion), constituting 3.2 per cent of its total imports, which amounted to 110,177,932 million yen. Conversely, Japan saw a notable decline of 7.9 per cent in imports of textile yarn and fabric, amounting to 1,162,088 million yen. On the export front, there was a slight uptick of 2.5 per cent in textile yarn and fabric exports, totalling 785,570 million yen. Furthermore, the export of textile machinery surged impressively by 9.1 per cent, amounting to 328,832 million yen over the same period.

During fiscal 2022-23, spanning from April to March, Japan witnessed a surge in imports of clothing and accessories, reaching a staggering 3,619,550 million yen (approximately $25.05 billion), marking an impressive 26.1 per cent growth compared to the preceding fiscal. Additionally, imports of textile yarn and fabric experienced a notable uptick, reaching 1,275,608 million yen, reflecting a substantial 23.2 per cent increase. Furthermore, during the same fiscal, Japan exported textile yarn and fabric valued at 776,999 million yen, while textile machinery exports amounted to 306,781 million yen.

ALCHEMPro News Desk (KUL)