According to the latest apparel import data released by the Japan Textiles Importers Association (JIAM), the country fell by 3.1 per cent in its apparel imports in 2019 on Y-o-Y basis to 3,106.77 billion yen.
Weight-wise also, imports plunged by 0.8 per cent to 1.07 million tonnes.
The share of Chinese shipment massively decreased in the Japanese apparel import both in value and weight. Chinese shipment to Japan fell 7.80 per cent to 1,770.15 billion yen and declined by 4.62 per cent in weight to 668,460 tonnes.
This downfall caused China to reduce its value-wise share to around 57 per cent in 2019 from 60 per cent in 2018. In weight share also, it tumbled to 62.3 per cent in 2019 from about 64 per cent in 2018.
Further, ASEAN has always been a great sourcing destination for the Japanese buyers and, in 2019, Japan again saw growth by 4.60 per cent in value to 920.53 billion yen from ASEAN region. Weight-wise, the region grew by 6.73 per cent to 306,938 tonnes.
Due to rise in exports of RMG, ASEAN also managed to increase its share to 29.6 per cent in values and 28.6 per cent in tonnes. This trade statistics suggest that ASEAN is capturing significant shift amidst US-China trade war.
Vietnam, top manufacturing destination in ASEAN and 2nd top exporter to Japan after China, increased RMG export by 5.40 per cent to 477.17 billion yen. While, Bangladesh and Cambodia stood at 127.90 billion yen (up 2.8 per cent) and 125.64 billion yen (up 6.30 per cent) export revenues, respectively.