Japanese apparel imports tumbled drastically in January 2018. According to the data released by Ministry of Finance (Japan), apparel imports fell both in values and volumes by 9.8 per cent and 9.4 per cent, respectively.
As per the data, Japan imported 309.78 million units of apparels during the first month of 2018 valued at 226.57 billion Yen. The fall is said to be noted due to the Chinese New Year holidays. The country is the largest apparel exporter to Japan. Chinese shipments to Japan dipped by 17.2 per cent and 18.8 per cent, respectively, to 197.35 million units worth 134.62 billion Yen.
However, ASEAN (Association of Southeast Asian Nations) emerged (in both knitted and woven garments) positive amidst tumbling imports by Japan. ASEAN exported 88.41 million units worth 63,868 million Yen to the country, marking a 13.4 per cent surge in volume and 11.3 per cent increase in value terms.
Of all the ASEAN countries, Indonesia posted a remarkable growth as it shipped 12.26 million units (up 30%) of apparels to Japan valued at 9.40 billion Yen, marking a surge of 26.6 per cent on the Year-on-Year basis.
Markedly, Bangladesh disappointed in its apparel shipments to Japan during January 2018 as the volumes dropped by 1.6 per cent to 15.12 million units. On the other hand, the value too plunged by 4.9 per cent to 8.01 billion Yen in the month.
“Factories in Bangladesh are not that much interested about the Japanese orders because Japanese customers prefer to inspect 100% goods instead of AQL as other customers follow. Due to this, factory needs more space, more time, more manpower. May be this is one of the reasons of dropping orders from Japan to Bangladesh,” told Mukul Rahman, Owner, Texteam BD to Apparel Resources.