During Jan.-May ’20, Japan fell down by 13.56 per cent on Y-o-Y basis in its apparel imports value. The country imported 1,040.90 billion yen (US $ 9.68 billion) of garments in the period.
According to the data released by Ministry of Finance, Japan, the country also fell by 11.79 per cent in its weight-wise imports which stood at 2,458 million kg.
All major apparel export destinations to Japan took a severe hit due to ongoing pandemic situation.
Vietnamese apparel shipment to Japan valued at 173.13 billion yen (US $ 1.61 billion), noting a fall of 0.16 per cent on Y-o-Y basis. Weight-wise also, the country was down by 2 per cent and shipped 297.05 million kg garments to Japan in the first 5-month period of 2020.
China accounted for 571.32 billion yen (US $ 5.31 billion) of garment exports to Japan in Jan.-May ’20 period, taking a significant dip of 16.45 per cent, while weight-wise export tumbled by 13.86 per cent on yearly basis to 1,635.83 million kg.
India’s apparel shipment to Japan in the mentioned period was down by 31.91 per cent and valued at 12.61 billion yen (US $ 117.36 million). Also, the weight of the shipment shrunk by 29.41 per cent to 22.58 million kg.
Bangladesh also couldn’t save from the pandemic aftereffects and the shipment from the country to Japan valued at 48.98 billion yen (US $ 455.60 million), registering 13.89 per cent fall on Y-o-Y basis. Also, the weight of apparel shipment decreased by 15.41 per cent to 109.31 million kg.
It’s worth mentioning here that apparel stores started reopening in the second half of May; so gradual surge in retail sales and hence imports are expected from June onwards.