Home breadcru News breadcru Import/Exports breadcru UK's clothing imports down 19 per cent to £1.48 bn in Aug 2023

UK's clothing imports down 19 per cent to £1.48 bn in Aug 2023

17 Oct '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In August 2023, the UK saw a 19.43 per cent decrease in clothing imports, totalling £1.488 billion, with a month-on-month increase from July.
  • Textile fabric imports dropped by 10.47 per cent to £436 million, and fibre imports were £34 million.
  • In 2022, clothing imports were £21.255 billion, while clothing exports in August 2023 reached £335 million.
In August 2023, the United Kingdom's clothing imports amounted to £1.488 billion ($1.81 billion), marking a 19.43 per cent drop from the previous year's £1.847 billion during the same month. There was an upward month-on-month trend, with the figure for July 2023 recorded at £1.237 billion, according to the UK's Office for National Statistics (ONS). 

Imports of textile fabric in August 2023 declined by 10.47 per cent to £436 million, compared to £587 million in August 2022. There was also a month-on-month decrease from the £468 million recorded in July 2023. Meanwhile, the UK's fibre imports were £34 million in August 2023, a decrease from both August 2022 (£40 million) and July 2023 (£35 million). 

UK’s clothing imports totalled £7.838 billion during the first half of 2023. The imports of fabric were noted at £2.886 billion, and textile fibres at £214 million in the period. 

In 2022, the country's total clothing imports were £21.255 billion ($27.06 billion), reflecting a 23.50 per cent growth compared to £17.034 billion in 2021. The imports of textile fabric and textile fibres for 2022 were £6.357 billion and £545 million, respectively. 

In terms of exports, the UK's clothing sector generated £335 million in August 2023, up from £300 million in August 2022. The figure for July 2023 was £293 million. During the first half of 2023, the exports of clothing totalled £1.836 billion. For 2022, clothing exports fell to £3.931 billion from the previous year's £4.263 billion. Exports of textile fabrics and fibres in 2022 were reported at £2.716 billion and £616 million, respectively. 

ALCHEMPro News Desk (KUL)

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