• Linkdin

UK's clothing imports down 12.2% to $1.41 bn in May 2024

15 Jul '24
3 min read
UK's clothing imports down 12.2% to $1.41 bn in May 2024
Pic: Adobe Stock

Insights

  • In May 2024, the UK's clothing imports were £1.092 billion, a 12.21 per cent decline year-on-year, according to the Office for National Statistics (ONS).
  • Textile fabric imports decreased by 5.73 per cent to £444 million, while fibre imports dropped to £32 million.
  • For Q1 2024, clothing imports totalled £3.265 billion, down 20.57 per cent from Q1 2023.
In May 2024, the United Kingdom’s clothing imports amounted to £1.092 billion (~$1.41 billion), representing a 12.21 per cent decline from the previous year’s £1.244 billion for the same month. Additionally, there was a month-on-month decrease from April 2024’s figure of £1.295 billion, according to the UK’s Office for National Statistics (ONS).

The imports of textile fabric in May 2024 decreased by 5.73 per cent to £444 million, compared with £471 million in May 2023. However, there was a month-on-month increase from April 2024’s £465 million. Meanwhile, the UK’s fibre imports in May 2024 were £32 million, down from May 2023’s £34 million and April 2024’s £42 million.

During the first quarter of 2024, the UK’s clothing imports totalled £3.265 billion (~$4.23 billion), which was 20.57 per cent lower than the import value of £4.111 billion in the first quarter of 2023. The inbound shipments were also lower than the imports of £3.714 billion in the fourth quarter of 2023. Fabric imports were noted at £1.274 billion, and textile fibres at £83 million in January-March 2024. The import values of fabric and textile fibres were noted at £1.422 billion and £113 million, respectively, in the corresponding period of 2023.

In 2023, the UK's clothing imports reached £15.702 billion ($20.33 billion), down 25.94 per cent from the inbound shipments of £21.203 billion in 2022. The imports of fabric and textile fibres were noted at £5.547 billion and £413 million in 2023, down from £6.357 billion and £562 million in 2022, respectively. The imports of clothing, fabric, and textile fibres were recorded at £17.034 billion, £5.996 billion, and £458 million, respectively, in 2021.

Regarding exports, the UK's clothing sector generated £274 million in May 2024, down from £304 million in May 2023. The figure for April 2024 was £269 million. The exports of textile fabric in May 2024 eased to £235 million, compared with £236 million in May 2023. There was a month-on-month decrease from April 2024’s £240 million. The UK’s fibre exports in May 2024 were £52 million, a drop from May 2023’s £56 million and April 2024’s £61 million.

During the first quarter of 2024, clothing exports totalled £833 million, against the shipment of £951 million in Q1 2023 and £987 million in Q4 2023. The outbound shipments of textile fabric and fibre were noted at £697 million and £162 million in the first quarter of 2024.

In 2023, clothing exports decreased to £3.772 billion ($4.88 billion) from £3.931 billion in 2022 and £4.263 billion in 2021. Exports of textile fabrics and fibres in 2023 were £2.737 billion and £667 million, respectively. Exports of textile fabrics and fibres in 2022 were noted at £2.716 billion and £616 million, respectively.

Fibre2Fashion News Desk (KUL)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search