According to the latest data by Ministry of Finance, Japan, the country imported garments worth 201.48 billion yen (US $ 1.85 billion) in Jan. ’21 as compared to 288.68 billion yen (US $ 2.66 billion) in the same month of 2020.
All major manufacturing destinations noted a downfall in their respective apparel shipment to Japan on Y-o-Y basis, while some of them noted growth on M-o-M basis.
China and Vietnam – two biggest apparel exporters to Japan – tumbled in their shipment to Japan both on M-o-M and Y-o-Y basis.
China earned 117.72 billion yen (US $ 1.07 billion) from its garment exports to Japan in Jan. ’21, noting 3.60 per cent monthly decline and 31.82 per cent yearly decline.
Vietnam too plunged by 7.17 per cent on monthly note and 32.17 per cent on yearly note to clock 31.01 billion yen (US $ 283.97 million) from its apparel shipment to Japan.
India and Indonesia were two countries which grew on monthly note in Jan. ’21 as compared to Dec. ’20.
India clocked 2.19 billion yen (US $ 21 million) in its apparel shipment to Japan in Jan. ’21 and grew 96.23 per cent over Dec. ’20; however fell by 23.82 per cent as compared to Jan. ’20.
On the other hand, Indonesia shipped 7.10 billion yen (US $ 65 million) in the first month of 2021 to Japan – marking 8.70 per cent over Dec. ’20.
As far as Bangladesh is concerned, the country exported 8.42 billion yen (US $ 77 million) worth of garments to Japan in Jan. ’21, falling 8.77 per cent on monthly note and 27.09 per cent on yearly basis.