Market Downturn &Nbsp; Textile Exports To Japan Decline

According to the data of China Customs and Finance Ministry of Japan, in 2010 1~4, China's textile and clothing to Japan

Exports to Japan show a downward trend

According to China Customs data, in 2010 1~4 months, China was right.

Figure 12009, China's market for Japan, the United States and Europe.

Source: China Customs

Further from the Japanese statistical data, according to the Ministry of finance data of Japan, the total textile and clothing imports from Japan in 2010 1~4 amounted to US $7 billion 846 million, representing a year-on-year decline of 4.52% in the same period, and the growth rate dropped 11.46 percentage points over the same period last year (6.94%).

Although the amount of imports of textiles and clothing from China is different due to the differences in statistics between China and Japan, Japan's data also show that the amount of textile clothing imported from Japan is also showing a downward trend at the growth level.

In terms of proportion, Ministry of finance data show that in 2010 1~4, Japan imported 10 billion 246 million of the total textile and clothing from the world, and the amount of textile clothing imported from Japan accounted for 76.57% of its total imports from the world, representing a decrease of 1.82 percentage points compared with the same period last year (78.40%).

As a whole, the total sales of Japan's domestic commercial sales have recovered well, but it is mainly due to the growth of the growth of the sales of metal minerals, electrical machinery and appliances and fuel in Japan, while the sales of textile and clothing are still depressed, which has become the main reason for the decline of the export of Japanese textile and clothing.

According to Japan's Ministry of economy and trade, the total commercial sales volume (including wholesale and retail sales) of Japan in April 2010 was 420540 billion yen, an increase of 3.8% over the same period last year. The growth rate was 26.2 percentage points higher than the same period last year, and it has been growing for two consecutive months.

The sales volume of Japanese textile and apparel products in April was 17710 billion yen, down 9.18% compared to the same period last year. The wholesale volume of textiles was 238 billion yen, down 0.2% from the same period last year, the growth rate from March (3.9%) to negative; the wholesale volume of clothing and accessories was 630 billion yen, a 23.7% decrease compared with the same period last year, while the retail sales of clothing products were 903 billion yen, up 2% over the previous year, which was better than wholesale sales, but its growth rate was significantly reduced by 5.8 percentage points compared with March (7.8%).

Figure 2 trend of monthly growth rate of wholesale and retail sales of textile and apparel products in Japan

Source: Japan economic and industrial province

In addition, China's share in the Japanese textile and apparel market has declined, while the share of rival countries in Vietnam and Thailand in the Japanese market is growing.

In 2010 1~4, Japan imported 418 million dollars of textiles and clothing from Vietnam, an increase of 3.59% over the same period last year, accounting for 4.08% of Japan's total imports of textiles and clothing from abroad, representing an increase of 0.24 percentage points over the same period last year.

Japan imported textiles and clothing from Thailand to US $204 million in 1~4 months, an increase of 5.52% over the same period last year, accounting for 1.99%, an increase of 0.15 percentage points over the same period last year.

Vietnam's growth in textile exports to Japan, on the one hand, is due to Vietnam's own lower labor cost advantage, and on the other hand, Vietnam's textile products can be tax-free access to the Japanese market because of the implementation of the Vietnam Japan economic partnership agreement (VJEPA).

Japan's economy continues to improve, uncertainties remain.

According to Japan's cabinet office data in June 10th, the first quarter of 2010, Japan's GDP growth rate was revised to 5%, higher than the initial value of 4.9%, has achieved positive growth for four consecutive quarters.

According to the data released by Japan's economic and industrial province in June 14th, Japan's industrial production index in April was adjusted by 96 after the seasonally adjusted period, rising by 1.3%, reflecting the continued rise in industrial production.

The manufacturing purchasing managers' index (PMI) released by Nomura Securities (Nomura) and Japan Association of materials management (JMMA) showed that Japan's manufacturing PMI in May was 54.7, which has been expanding for 11 consecutive months.

In addition, Japan's consumer confidence index rose to 42.8 in May, the highest level since October 2007, indicating that Japanese consumer confidence is rebounding.

However, some uncertainties remain in the process of maintaining the recovery of Japan's economy.

First of all, in the context of the spread of the European sovereign debt crisis, Japan's national debt problem has also aroused people's concern.

Japan's fiscal debt in fiscal 2009 (April 2009 ~2010 March) has increased to 882 trillion and 920 billion yen, a record high, while the IMF data in April 2010 show that Japan's total national debt has reached 229% of its GDP, ranking first among OECD member countries.

Secondly, Japan's unemployment rate is still high. In April 2010, Japan's unemployment rate rose to 5.1%, the highest level since the beginning of 2010.

China's exports of textiles and clothing to Japan account for more than 10% of the total textile export volume in China, and China occupies more than 75% of Japan's textile and clothing import market.

Although Japan's economy remains on the whole, the Japanese textile and clothing consumption is still sluggish, as well as Japan's huge national debt and high unemployment rate.