Home breadcru News breadcru Import/Exports breadcru UK's clothing imports at £1.29 bn in Feb 2023, 11.51% down YoY

UK's clothing imports at £1.29 bn in Feb 2023, 11.51% down YoY

16 Apr '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In February 2023, the UK's clothing imports fell to £1.294 billion, an 11.51 per cent decrease compared to the same period in the previous year.
  • Annual clothing imports for 2022 rose 23.50 per cent from 2021, reaching £21.256 billion.
  • Textile fabric imports experienced a decline in February 2023, while the total imports for 2022 amounted to £6.359 billion.
In February 2023, the United Kingdom's clothing imports reached £1.294 billion ($1.62 billion), representing an 11.51% decrease compared to the £1.443 billion recorded during the same period in the previous year. Clothing imports also experienced a month-on-month decline, as they stood at £1.384 billion in January 2023, according to the UK's Office for National Statistics (ONS). 

The country’s clothing imports were recorded at £21.256 billion ($25.86 billion) in 2022, a 23.50 per cent increase compared to the imports of £17.034 billion in 2021. 

Textile fabric imports in the UK amounted to £462 million in February 2023, a 4.94% drop from £486 million in February 2022. These imports also decreased on a month-on-month basis, falling from £469 million in January 2023. Textile fabric imports reached £6.359 billion between January and December 2022, as per ONS data. 

In February 2023, the UK imported £39 million worth of textile fibres, compared to £45 million during the same month in 2022. Textile fibre imports were also lower in January 2023, at £35 million. The total textile fibre imports for 2022 amounted to £545 million. 

The UK exported clothing valued at £296 million in February 2023, a decline from £323 million in February 2022 and £306 million in January 2023. Clothing exports decreased annually, reaching £3.931 billion in 2022 compared to £4.263 billion in 2021. Exports of textile fabrics and fibres were recorded at £2.716 billion and £616 million, respectively, in 2022. 

ALCHEMPro News Desk (KUL)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!