EU cloth­ing im­ports up; China sur­passes Bangladesh in May

Jan­uary to May 2018

Apparel Online - - Trade Statistics -

Euro­pean Union wit­nessed surge in the cloth­ing de­mand dur­ing the first 5 months of 2018. As a re­sult, im­ports have gone up in the pe­riod, while with the help of low unit prices, the Union marked a sig­nif­i­cant drop in val­ues. Par­tic­u­larly in May, Bangladesh (€ 1.22 bil­lion) was sur­passed by China (€ 1.31 bil­lion) in ap­parel ex­ports to EU as the lat­ter suc­cess­fully re­stricted it­self from re­peat­ing April month’s per­for­mance where Bangladesh clocked € 1.44 bil­lion while China’s ex­ports could just hit € 1.15 bil­lion. Bangladesh noted over 15 per cent drop in May as com­pared to April this year which surely is not a good sign for the coun­try.

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