Textile industry records 2-way export-import growth
04 Jan '06
3 min read
According to trade statistics released by Japanese Ministry of Finance, exports and imports in all product categories increased considerably.
Figures of November 2004 revealed total exports of 5155195 million Yen, which increased to 5914746 million Yen in November 2005.
This shows an increase of 14.7 percent in exports of all products.
Import figures also show considerable growth of 16.7 percent, from 4557902 million Yen in November 2004 against 5317496 million Yen in November 2005.
Global textile exports and imports during the same period registered a 4.9 percent increase in textile yarn fabrics category at 64701 million Yen.
While in textile machinery, exports were down (-4.0 percent) at 17952 million Yen.
In terms of global imports, the country recorded growth of 5.3 percent in textile yarn fabrics at 59997 million Yen during the same period. Clothing and accessories also registered 6.4 percent increase a 216086 million Yen.
Exports
Figures for the leading markets of the world are concerned, overall, Japan recorded a fall in exports.
Exports to the US saw decline of 8.2 percent to 4439 million Yen in textile yarn fabrics, and in textile machinery also, the nation suffered a drop of 6.8 percent at 1011 million Yen in November 2005.
Exports to EU markets also presented a dark picture.
Exports decreased by 5.7 percent in textile yarn fabrics category, which stood in value terms at 4114 million Yen; textile machines also showed significant downslide of 36.5 percent at 697 million Yen during the same period.
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