Japan’s Textile And Apparel Imports Pick Up

0
122

Imports from China have begun picking up

The latest data shows that Japan imported 210,000 tons of textile and apparel in July, down by 12% year-on-year but up by 18.2% month-on-month. The volume from China was 116,000 tons, down by 4.6% year-on-year but up by 21.9% month-on-month. During January to July, Japan’s cumulative textile and apparel imports reached 1,427,000 tons, down by 6% year-on-year, and that from China was 748,000 tons, down by 2.5% year-on-year.

In terms of value, the import value of Japan’s textile and apparel in July reached 307.59 billion yen, down by 14.9% year-on-year but up by 21.6% month-on-month; while that from China reached 173.89 billion yen, up by 18.3% month-on-month but down by 9.1% year-on-year. During January to July, Japan’s cumulative textile and apparel imports reached 2210.43 billion yen, down by 1.4% year-on-year, and that from China was 1271.37 billion yen, up by 3.8 % year-on-year.

From the perspective of the proportion of import volume and value of Japan’s textile and apparel imported from China in total imports, volume inched up by 1.7% and value decreased by 1.6% in July compared with that in June. The value reached 56.5% and the volume accounted for 55%. During January to July, proportion of import volume and value of Japan’s cumulative textile and apparel imports reached 52.4% and 57.5% respectively.

Also Read  Cabinet Approves PLI Scheme For Textile, 9 Other Key Sectors

Japan’s apparel imports fell more than textile imports
From Japan’s apparel imports, the imports volume of Japan’s apparel in July was 74,000 tons, down 17.8% year-on-year, but up by 43% month-on-month; that from China was 45,000 tons, down 17.7% year-on-year but up by 45% month-on-month. During January to July, the imports volume of apparel was 479,000 tons, down 12.9% year-on-year, and that from China was 283,000 tons, down by 14.5% year-on-year.

In terms of value, the import value of Japan’s apparel in July reached 212.53 billion yen, down by 22.2% year-on-year but up by 41.1% month-on-month; while that from China reached 113.61 billion yen, down by 22.6% year-on-year but up by 43.2% month-on-month. During January to July, the imports value of apparel was 1401.61 billion yen, down 15.6% year-on-year, and that from China was 763.14 billion yen, down by 17.8% year-on-year.

Also Read  Short Term Shift Of Textile, Apparel Orders Back To China

In July, Japan’s apparel imports volume and value accounted for 35.1% and 69.1% of the total textile and apparel imports, and that from China accounted for 38.7% and 65.3% respectively. Compared with last month, the proportion of both the total apparel import and that of textile and apparel from China increased.

Japan’s apparel imports value proportion was much more than the volume, which showed that the unit price played an important role. Proportion of apparel decreased, indicating that the proportion of textiles rose and the impact of textile import demand was less than that of apparel. What is the status of HS code 6307900 (including masks) in 2020?

In July, the import volume and value of HS code 6307900 increased apparently, but the growth rate slowed down compared with that in the past months. The total import volume and that from China moved up by 9.5% and 11.5% respectively; while the value moved down by 21.3% and 23% respectively.

Also Read  India’s MMF Textile Exports Stabilise in Q3,2020

From the above data, we can see that Japan’s textile and apparel import demand was still shrinking, of which the apparel shrinkage was greater than that of textile; and the import demand of HS code 6307900(including masks) still maintained a substantial growth, but the average unit price was falling sharply.

LEAVE A REPLY

Please enter your comment!
Please enter your name here