The latest apparel import data from the European Union (EU27) for the period of January-July 2023 shows a decline of 7.44% in value and 12.80% in quantity compared to the same period of 2022. This decline is seen across all of the top ten apparel supplying countries to the EU, including Bangladesh, China, Turkey, India, and Vietnam.

Bangladesh:

EU's import from Bangladesh dropped by 11.73% in dollar value and 14.50% in quantity during the January-July 2023 period. This decline is relatively higher than other top sourcing countries, such as China and India.

China:

EU's import from China, the top sourcing country, declined by 10.88% in dollar value and 10.59% in quantity during the January-July 2023 period.

India:

EU's import from India dipped by 5.79% in dollar value and 11.49% in quantity during the January-July 2023 period.

Vietnam:

EU's import from Vietnam dipped by 1.84% in dollar value and 8.99% in quantity during the January-July 2023 period.

Other top sourcing countries:

EU's import from other top sourcing countries such as Cambodia, Pakistan, Morocco, Sri Lanka, and Indonesia also declined in value terms during the January-July 2023 period.