Thu. Jul 18th, 2024

According to provisional apparel import statistics (including apparel accessories), as compiled by The Japan Textiles Importers Association based on Ministry of Finance trade statistics, 2019 imports decreased by 3.1% from the previous year to 3,106.77 billion yen.
In terms of weight, imports decreased by 0.8% to 1.07 million tons.
China’s share in the total import value decreased below the 60% line to 57.0%, and its share was 62.3% in terms of ton.
Imports from China fell 7.8% in value to 1,770.15 billion yen, and declined by 4.6% in weight to 668,460 tons. Meanwhile, imports from the ASEAN region grew by 4.6% in value to 920.53 billion yen, and by 6.7% in weight to 306,938 tons, with its share growing steadily to 29.6% in value and 28.6% in tons. ASEAN’s share is approaching 30%, and even on a monthly basis, its share in value exceeded 30% during October-December 2019. Amid the U.S.-China trade conflict, the acceleration of the shift to ASEAN was reflected in the statistics.
With the EU-Japan Economic Partnership Agreement (EPA) that came into effect in February 2019, imports from the EU increased by 3.3% in value to 165.83 billion yen, but in terms of weight, imports decreased by 1.8% to 4,832 tons.
In terms of import value, Vietnam ranked second (up 5.4% to 477.17 billion yen), followed by Bangladesh (up 2.8% to 127.90 billion yen) and Cambodia (up 6.3% to 125.64 billion yen). Myanmar rose to fifth place with a 12.1% growth to 113.15 billion yen.

By daisen