Ministry of Finance, Japan informs, the country’s garment imports declined on a yearly basis to $1.85 billion in January ’21 as compared to $ 2.66 billion imported during the same month in 2020. As per Apparel Resources, shipments by all major manufacturing destinations declined on a Y-o-Y basis, while some of them noted growth on M-o-M basis. China’s shipments declined by 3.60 per cent on a M-o-M basis and by 31.82 per cent on Y-o-Y basis. Vietnam’s shipments plunged by 7.17 per cent on monthly note and 32.17 per cent on yearly note to clock $ 283.97 million.

The value of India’s apparel shipments grew 96.63 per cent on a M-o-M basis to value $ 21 million in January ’21 while it declined by 23.82 per cent on a Y-o-Y basis from January’ 20. Indonesia shipped apparels worth $65 million in January ’21 to Japan – marking 8.70 per cent over December ’20. Bangladesh exported apparels worth $77 million in January ’21, its value declining by 8.77 per cent on monthly note and 27.09 per cent on yearly basis.