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Import & Export of Cosmetics

September 5, 2022

4. Import & Export of Cosmetics

According to Trade Statistics by Ministry of Finance, both import and export value of cosmetics had continued increase on a long- term basis. Since starting survey, import value to Japan had been larger than export value from Japan. However, export value has rapidly accelerated from 2015; it exceeded the import value for the first time in 2016, the value of exports has finally reached more than double of the imports since 2018. (Fig.7)

Figure 7:Import & Export of Countries
Fig. 7 Import & Export of Countries

China, Hong Kong, Korea, and Singapore have significantly boosted as export destination countries from Japan in recent years, especially export to Hong Kong and China have sharply increased since 2015. The export to China accounted for over half of total cosmetics export value in 2020. The import to Japan, on the other hand, Asian countries such as China, Korea are also remarkably growing while France and USA accounted for the large segments. In particular, the import value from Korea has dynamically increased in recent years, ranked second after 2020. (Fig.8&9)

Figure 8:Major countries in Export
Fig. 8 Major Countries in Export
Figure 9:Major countries in Import
Fig. 9 Major Countries in Import