Vietnam & Myanmar's apparel exports to Japan up in Jan-Apr 2023

28 Jun '23

2 min read

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Insights

In January-April 2023, China, Vietnam, Bangladesh, Myanmar and Cambodia were Japan's top apparel suppliers, accounting for 83.87 per cent of total imports.
While imports from China and Bangladesh fell, Vietnam and Myanmar saw significant growth.
Despite declines, China remained the largest supplier, followed by Vietnam, Bangladesh, Myanmar, and Cambodia.

During the first four months of 2023, China, Vietnam, Bangladesh, Myanmar, and Cambodia were the top five countries supplying Japan's apparel imports, accounting for 83.87 per cent of the total $7.883 billion worth of imports. Notably, while imports from China and Bangladesh decreased, those from Vietnam and Myanmar rose, with Cambodia also remaining in the positive. The value of imports from China was $4.056 billion, or 51.45 per cent of total imports from January to April 2023. This represents a decrease of 2.91 per cent compared to the $4.178 billion worth of imports for the same period in 2022. Furthermore, this follows a 7.41 per cent decline that occurred between the corresponding periods of 2021 and 2022, according to Fibre2Fashion’s market insight tool TexPro.

Japan's apparel imports from Bangladesh also fell by 2.28 per cent, dropping from $471.090 million during January-April 2022 to $460.368 million in the same period in 2023. However, Bangladesh remained the third-largest supplier, accounting for 5.84 per cent of the trade.

Vietnam was the second-largest supplier, accounting for 15.77 per cent of the total imports from January to April 2023. Imports from Vietnam surged by 15.45 per cent, rising to $1,243.629 million from $1,077.170 million in the same period of 2022. Previously, the import value was registered at $1,185.232 million during the same period in 2021.

Meanwhile, Myanmar saw an impressive 37.32 per cent growth in its exports to Japan, contributing $448.794 million to Japan's apparel imports in the first four months of 2023. This figure is a significant increase from the $326.829 million worth of imports in the same period in 2022, which in turn had grown by 23.09 per cent from $265.524 million in January-April 2021. Myanmar accounted for 5.69 per cent of Japan's total apparel imports from January to April 2023, holding the fourth position among suppliers. The value of inbound shipments from Cambodia in the first four months of this year was $403.998 million, making up 5.12 per cent of the total. Cambodia was the fifth largest supplier of apparel imports to Japan. The supply edged up 1.5 per cent from $398.021 million in the same period last year. The trade was recorded at $396.705 million in January-April 2021, as per TexPro.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro