UK APPAREL IMPORTS HIT BY BREXIT, COVID

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UK APPAREL IMPORTS HIT BY BREXIT, COVID

30-7-2022

UK APPAREL IMPORTS HIT BY BREXIT, COVID

Badly hit by Brexit and COVID-19 pandemic, the value of UK’s apparel imports has been declining from 2019, when it became imminent that Brexit is going to take place. The subsequent onset of COVID-19 only increased this declining trend. However, home textiles imports performed better in 2020.

UK’s apparel imports peaked in 2018 at $26.502 billion, compared to $24.308 billion in 2017. But the declining trend started since 2019 when the import value was $25.809 billion. It further decreased to $22.943 billion in 2020 and 20.886 billion in 2021. Imports in the first four months of this year stood at $7.634 billion.

However, home textiles imports decreased only last year to $4.212 billion in 2021 from its peak of $7.974 billion in 2020. The value of imports was almost at the same level in the preceding three years – $5.364 billion in 2017, $5.548 billion in 2018 and $5.593 billion in 2019. The figure stood at $1.274 billion in January-April 2022.

By Fashionating World
https://www.fashionatingworld.com/new1-2/uk-apparel-imports-hit-by-brexit-covid

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