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Insight | Time: Jun 30 2020 5:16PM
Japan's textile and apparel demand still improved in May
 
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The latest data shows that Japan imported 191,000 tons of textile and apparel in May, down by 9.9% year-on-year and 21.3% month-on-month; the volume from China was 112,000 tons, up by 5.4% year-on-year and 19.9% month-on-month. During Jan to May, Japan's cumulative textile and apparel imports reached 1040,000 tons, down by 4.7% year-on-year, and that from China was 538,000 tons, down by 2.3% year-on-year, accounted for 58.6% of the total Japan's textile and apparel imports, up 1.1% month-on-month.

In terms of value, the import value of Japan‘s textile and apparel in May reached 342.38 billion yen, up by 17.1% year-on-year but down by 18.4% month-on-month; while that from China reached 257.13 billion yen, up by 61.2% but down by 12.7% month-on-month. During Jan to May, Japan's cumulative textile and apparel imports value was 1,649.87 billion yen, up by 1.9% year-on-year; that from China was 950.48 billion yen, up by 6.2% year-on-year.

From the perspective of the proportion of import volume and value of Japan's textile and apparel imported from China in total imports, both the volume and value somewhat rose. In May, the value reached 75.1% and the volume accounted for 58.6%.

From Japan's apparel imports, the imports volume of apparel in May was 49,000tons, down 29.2% year-on-year and 41.2% month-on-month; that from China was 32,000tons, accounting for 65.6% of the total, down 23.3% year-on-year and 41.4% month-on-month. 

Japan’s apparel imports performed weaker than that of textiles, and it still shrank significantly year-on-year. However, imports shrinkage of textile was smaller than that of apparel. So, did the imports mainly boost by epidemic prevention materials?

In May, Japan imported 32,000 tons of HS code 6307900 (masks are also listed), up 215.8% year-on-year, accounting for 16.7% of the total, and accounting for 22.4% of the textiles; however, nearly 30,000 tons came from China, accounting for 93.6%.

In conclusion, the local epidemic appears repeatedly and the epidemic outside China is still severe. The epidemic prevention materials are still important products exported by China.




[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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