UK's apparel imports from India may cross pre-COVID levels in 2022

UK’s apparel imports from India stood at $1.046 billion in January-August 2022 which is close to the imports of $1.094 billion in the entire 2021. The imports this year are likely to surpass the pre-COVID level of $1.487 billion in 2019. The imports may increase further in the coming years once the bilateral free trade agreement (FTA) is implemented. 

 

UK's apparel imports from India stood at $1.046 billion in January-August 2022 which is close to the imports of $1.094 billion in the entire 2021. The imports this year are likely to surpass the pre-COVID level of $1.487 billion in 2019. The imports may increase further in the coming years once the bilateral free trade agreement (FTA) is implemented. #

India’s Prime Minister Narendra Modi and newly appointed UK Prime Minister Rishi Sunak recently agreed on taking forward the negotiations for the comprehensive UK-India free trade agreement. 

 

UK's apparel imports from India stood at $1.046 billion in January-August 2022 which is close to the imports of $1.094 billion in the entire 2021. The imports this year are likely to surpass the pre-COVID level of $1.487 billion in 2019. The imports may increase further in the coming years once the bilateral free trade agreement (FTA) is implemented. #

UK’s apparel imports from India had dropped to $0.973 billion in 2020 from $1.487 billion in 2019. The country had imported apparel worth $1.667 billion in 2018 and $1.482 billion in 2017, according to Fibre2Fashion’s market insight tool TexPro. 

 

UK's apparel imports from India stood at $1.046 billion in January-August 2022 which is close to the imports of $1.094 billion in the entire 2021. The imports this year are likely to surpass the pre-COVID level of $1.487 billion in 2019. The imports may increase further in the coming years once the bilateral free trade agreement (FTA) is implemented. #

Apparel imports from India in the current year have already crossed the $1 billion mark in the first eight months of this year and are therefore on track to touch the 2019 level. It is also likely to cross the $1.667 billion mark of 2018, the highest for apparel imports from India. However, monthly imports have been declining in the recent months. The imports increased to $208.023 million in May 2022 from $141.834 million in April 2022, but decreased to $125.502 million in June, $119.517 million in July and $97.838 million in August 2022, as per TexPro.

 

UK's apparel imports from India stood at $1.046 billion in January-August 2022 which is close to the imports of $1.094 billion in the entire 2021. The imports this year are likely to surpass the pre-COVID level of $1.487 billion in 2019. The imports may increase further in the coming years once the bilateral free trade agreement (FTA) is implemented. #

High inflation, less demand and a weak economy are affecting the imports of textile products in Europe as well as the world. UK is also reeling under the pressure of critical challenges. It may affect imports of discretionary products including apparel and other textile items.