Japan’s clothing and accessories imports in May 2023 decreased by 10.8 percent to 221,877 mn yen (approximately $1,535.33 mn), accounting for 2.6 percent of the total imports of 8,673,913 mn yen for the second month of the new fiscal 2023-24 (FY24), according to the provisional trade statistics provided by the Country’s Ministry of finance.
In the same month, the value of imports for textile yarn and fabric was 94,275 mn yen, marking a 14.3 percent decline compared to the same period in the previous fiscal. Yarn and fabric imports accounted for 1.1 percent of Japan’s total imports.
In May 2023, Japan’s exports of textile yarn and fabric were valued at 60,719 mn yen, an increase of 2.6 percent year-on-year. The country’s textile machinery exports, meanwhile, rose to 31,872 mn yen, a significant increase of 32 percent from the corresponding period of FY23. These exports contributed 0.4 percent to the country’s total exports.
During FY23, Japan’s clothing and accessories imports reached 3,619,550 mn yen (approximately $25,046.36 mn), a substantial 26.1 percent increase compared to FY22. The imports of textile yarn and fabric were valued at 1,275,608 mn yen, reflecting a growth of 23.2 percent. Over the course of FY23, Japan exported textile yarn and fabric worth 776,999 mn yen, while the exports of textile machinery were valued at 306,781 mn yen.
