Home breadcru News breadcru Import/Exports breadcru Australia's apparel imports see steady growth; $5.52 bn in Jan-Aug 22

Australia's apparel imports see steady growth; $5.52 bn in Jan-Aug 22

09 Nov '22
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Australia’s apparel imports may continue to witness a steady growth in terms of value in the current year. The imports reached $5.520 billion in the first eight months in this year. The inbound shipments recovered in the last year to $7.386 billion after experiencing a dip in 2020 due to COVID-19. 

The imports had dropped to $6.363 billion in 2020 as COVID-19 pandemic engulfed the entire world, affecting the normal life and trade in most countries. The imports amounted to $6.602 billion in 2019, $6.551 billion in 2018 and $6.205 billion in 2017, according to Fibre2Fashion’s market insight tool TexPro. 

Australia’s apparel imports stood at $825.346 million in August 2022 which was higher than the imports of $682.986 million in the previous month. The monthly imports were at $664.225 million in June, $618.654 million in May, $588.759 million in April and $703.012 million in March 2022. 

Australia imported apparel worth $1.871 billion during the second quarter and $2.140 billion during the first quarter of this year, as per TexPro. 

ALCHEMPro News Desk (KUL)

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