26 October 2023, Mumbai
Overall Decline
The European Union's (EU) apparel imports from the world declined by 9.61% in January–August 2023, according to data released by EUROSTAT.
This represents a decrease from US$67.66 billion in January-August 2022 to US$ 61.15 billion in January-August 2023. The quantity of apparel imported by the EU also declined by 14.64% during the same period, from 3 billion kilograms to 2.56 billion kilograms.
Top Suppliers
Bangladesh, the EU's second-largest apparel supplier, saw its exports to the EU decline by 13.71% in value terms during January–August 2023. China, the EU's largest apparel supplier, saw its exports to the EU decline by 14.13% in value terms during the same period.
Turkey, the EU's third-largest apparel supplier, saw its exports to the EU decline by 10.89% in value terms during January–August 2023.
Unit Price
Despite the overall decline in apparel imports from around the world, the EU's unit price of apparel imports increased by 5.89% in January-August 2023.
This increase was driven by higher prices from China, Turkey, Vietnam, Sri Lanka, and Indonesia. Bangladesh was the only top supplier to experience a lower unit price during this period.
