Home breadcru News breadcru Import/Exports breadcru UK's clothing imports down 38% to £1.47 bn in Oct 2023

UK's clothing imports down 38% to £1.47 bn in Oct 2023

19 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In October 2023, UK clothing imports dropped to £1.475 billion, a 38.97 per cent year-on-year decrease.
  • Textile fabric and fibre imports also declined. Total clothing imports in 2022 reached £21.255 billion, up 23.50 per cent from 2021.
  • Clothing exports in October 2023 fell to £312 million, with an overall decline in 2022 exports compared to 2021.
In October 2023, the United Kingdom's clothing imports amounted to £1.475 billion ($1.87 billion), a 38.97 per cent decrease from the previous year's £2.417 billion in the same month. There was also a slight month-on-month decline, with September 2023's figure recorded at £1.441 billion, according to the UK's Office for National Statistics (ONS). 

Imports of textile fabric in October 2023 fell by 10.38 per cent to £492 million, compared with £549 million in October 2022. However, there was a month-on-month increase from September 2023's £457 million. Meanwhile, the UK's fibre imports in October 2023 were £37 million, a decrease from September 2022's £54 million, but an increase from September 2023's £29 million. 

The UK's clothing imports totalled £4.164 billion during the third quarter of 2023 (July-September). Imports of fabric were noted at £1.365 billion, and textile fibres at £97 million during this period. 

In 2022, the country's total clothing imports were £21.255 billion ($27.06 billion), a 23.50 per cent increase 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. 

Regarding exports, the UK's clothing sector generated £312 million in October 2023, down from £361 million in October 2022. The figure for September 2023 was £301 million. During the third quarter of 2023, clothing exports totalled £929 million. In 2022, clothing exports decreased to £3.931 billion from the previous year's £4.263 billion. Exports of textile fabrics and fibres in 2022 were £2.716 billion and £616 million, respectively. 

ALCHEMPro News Desk (KUL)

Get Free Weekly Market Insights Newsletter

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