Japan concludes 2020 with 16.15% decline in its apparel import values

Japan concluded 2020 with a fall of 11.20 per cent and 16.15 per cent in its apparel import quantity and value, respectively.

The values of Japanese apparel import were 2,556.52 billion yen (US $ 24.43 billion) in 2020 as compared to 3,049.08 billion yen (US $ 29.14 billion) in 2019, according to the latest data.

In terms of weight, Japanese apparel import declined to 5.75 billion in 2020 as against 6.47 billion kg in 2019.

Though the import kept declining all through the year, there was a slight positivity in December on M-o-M basis.

Apparel imports marginally grew by 4.10 per cent in December 20 over November 20 and the growth was contributed by both knitted and woven segments which noted an increase of 3.05 per cent and 5.50 per cent, respectively.

As far as weight of the import is concerned, it saw a miniscule growth of 0.95 per cent in December 20 on monthly note. All major shippers to Japan fell significantly in YTD period.





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