Euratex 2023 Spring Report analyses fashion and textile trade flows
Euratex has released its 2023 Spring Report, which analyses latest trade flows for textiles and clothing products.
The report shows EU trade in textiles and clothing exceeded the €200bn last year for the first time in history. This record growth of total trade is mainly due to a sharp increase of clothing imports (+36,6% in value), especially from China and Bangladesh, which outweighs the positive export performance. As a result, the EU’s trade deficit in textiles and clothing has increased to €70 billion, which is 48% higher than the year before.
The full report is available here.
For more industry reports and statistics, please click the link below. UKFT will be updating our Compendium of Industry Statistics and Analysis later this year, which is available for members.