July Japanese Apparel Imports Decrease in Value

According to The Japan Textiles Importers Association report based on Ministry of Finance trade statistics, the nation’s imports of apparel in July decreased by 18.1% from the same month of last year to 194.12 billion yen. The import quality rose by 1.5% to 289.04 million units.

Imports including accessories declined by 0.9% in quantity and 17.3% in value to 76,450 tons worth 226.4 billion yen.
Imports from the nine largest supplying countries excluding Rumania decreased by roughly more than 10% in value. The decrease in import value is because the Japanese currency has appreciated by about 20% during the past year.

January-July apparel imports (including accessories) decreased by 8.6% in value year-on-year to 1,616.9 billion yen, while the volume increased by 1.5% to 521,370 tons.

Follow me!