Japan Imported 86.6161 Billion Yen of Textile Yarn and Fabric

In January 2014, Japan imported 86.6161 billion yen of textile yarn and fabric, registering a sharp increase of 35.8 percent year-on-year, according to the trade statistics released by the Ministry of Finance.

Region-wise, Japan’s textile yarn and fabric imports from Asia surged up by 39.4 percent year-on-year to 77.959 billion yen, during the month. Of this, China accounted for 50.984 billion yen, while the Asean countries contributed 15.419 billion yen, and the Middle East region 383 million yen.

Japan’s yarn and fabric imports from the EU also grew by 23.1 percent year-on-year to 5.194 billion yen in the first month of the current year. However, the country’s imports from the US dropped 6.1 percent year-on-year to 1.848 billion yen.

In January 2014, Japan exported 40.522 billion yen of textile yarn and fabric, showing a rise of 5 percent year-on-year, as per the data.

While Japan’s textile yarn and fabric exports to the US increased by 29.3 percent year-on-year to 3.469 billion yen during the month, its exports to the EU rose by 22.2 percent year-on-year to 4.683 billion yen.

Japan supplied 28.458 billion yen worth of textile yarn and fabric to Asian countries, recording a growth of 1.4 percent year-on-year. Of this, exports to China decreased by 11.8 percent year-on-year to 11.572 billion yen, but exports to Asean nations increased by 15.4 percent year-on-year to 9.15 billion yen.

Last year, Japan’s yarn and fabric imports grew at 19 percent year-on-year to 849.785 billion yen, while its exports increased by 6.9 percent year-on-year to 657.313 billion yen.