Japan’s apparel import from China has witnessed robust growth of around 50 percent in recent months. The value of apparel import, which was $914.789 mn in June 2022, increased to 1,641.762 mn in August. The upward trend in Japan’s import indicates shifting of Chinese market after restrictions were put in place by the United States in June 2022.
Japan’s monthly import was $1,043.636 mn in July, $914.789 mn in June and $1,018.363 mn in May 2022, but it jumped sharply to $1,641.762 mn in August, according to market report. The inbound shipment slightly eased to $1,523,965 mn in September and $1,438.483 mn in October 2022. But the gains remained intact to some extent.
The import has recorded robust growth in third quarter of this year. It rose to $4.209 bn in July-September 2022 against $2.8 bn of April-June 2022. Total import reached $11.759 bn in the first ten months of the current year. Japan’s apparel import from China last year was $13.878 bn, as per market report. If the trend of third quarter continues, Japan’s import of current year is expected to cross the last year’s figure.
Japan’s import of apparel from China was recorded at $13.342 bn in 2020, $15.903 bn in 2019, $16.992 bn in 2018 and $16.754 bn in 2017.
