Japan’s textile and apparel imports increased 15.9 per cent to 349.36 billion yen in March this year. Apparel imports increased 15.2 per cent Y-o-Y and 25.6 per cent M-o-M to 247.7 billion yen during the month. Of this, imports from China increased 19.3 per cent Y-o-Y and 32.8 per cent M-o-M to 193.93 billion yen in March.
The Russia-Ukraine conflict had led to over 13 per cent fall in value of Japanese yen against the US dollar in less than two months. This caused the volume and value of Japan’s textile and apparel imports to slip month-on-month and year-on-year in February this year.
As per a CCF Group report, Japan’s textile and apparel imports declined 3.4 per cent Y-o-Y to 277.41 billion yen in February. Its imports from China had declined by 8.8 per cent Y-o-Y to 146 billion yen, Japan’s apparel imports declined by 6.2 per cent Y-o-Y to 197.3 billion yen, of which imports from China declined by 10.6 per cent Y-o-Y to 104 billion yen.
Source: FW
