Japan sees 8.1% drop in clothing imports, surge in textile exports

20 Sep '24

2 min read

Japan sees 8.1% drop in clothing imports, surge in textile exports

Pic: Adobe Stock

Insights

In August, Japan's clothing and accessories imports declined by 8.1 per cent, totalling 348,002 million yen.
Imports of textile yarn and fabric also fell by 5.7 per cent.
However, exports of textile yarn and fabric rose by 9.2 per cent, while textile machinery exports dropped by 9.5 per cent.
During H1 FY25, clothing imports increased by 6.9 per cent, but yarn and fabric imports fell 1.3 per cent.

In August 2024, the fifth month of fiscal 2025, Japan experienced a decline in its imports of clothing and accessories, which decreased by 8.1 per cent to 348,002 million yen (approximately $2.453 billion). These imports constituted 3.8 per cent of the nation's total imports, which amounted to 9,137,177 million yen, according to provisional data from Japan's Ministry of Finance.

Additionally, Japan's imports of textile yarn and fabric in August 2024 decreased by 5.7 per cent year-on-year, totalling 91,014 million yen and accounting for 1.0 per cent of total imports.

However, Japan's exports of textile yarn and fabric rose by 9.2 per cent during the same period, reaching 66,353 million yen. In contrast, exports of textile machinery fell by 9.5 per cent, amounting to 23,262 million yen and contributing 0.3 per cent to total exports.

During the first half of the current fiscal, the country’s imports of clothing and accessories increased by 6.9 per cent to 1,686,160 million yen (approximately $11.087 billion). However, imports of textile yarn and fabric decreased by 1.3 per cent, totalling 561,889 million yen. Meanwhile, Japan's exports of textile yarn and fabric increased by 8.9 per cent to 403,331 million yen, while shipments of textile machinery fell by 20.3 per cent to 128,147 million yen over the same period.

For fiscal 2023-24 (April to March), Japan's imports of clothing and accessories stood at 3,564,850 million yen (approximately $23.107 billion), a decrease of 1.7 per cent. Imports of textile yarn and fabric fell by 10.4 per cent to 1,143,805 million yen. In the same fiscal, Japan exported textile yarn and fabric worth 802,178 million yen, while textile machinery exports totalled 320,947 million yen.

In fiscal 2022-23, Japan’s imports of clothing and accessories amounted to 3,619,550 million yen (approximately $25.05 billion), and textile yarn and fabric imports totalled 1,275,608 million yen. During the same fiscal, Japan exported textile yarn and fabric worth 776,999 million yen, while textile machinery exports amounted to 306,781 million yen.

Fibre2Fashion News Desk (KUL)

More Textiles News - Japan...