European textile and apparel exports faced a deceleration in 2023, with a 3% decline in apparel exports and a 4% dip in textile exports compared to the previous year. Despite the slowdown, the industry maintained levels above those seen before the pandemic. The European Union exported €37.3 billion worth of apparel, an increase from €29 billion in 2019. Notably, exports to Asia and Mediterranean countries rose, driven by countries like Turkey. However, major EU customers such as Switzerland, the United Kingdom, and the United States saw decreases in orders. On the textile front, exports decreased by 4% to €27.1 billion, with the United Kingdom and the United States experiencing declines. Meanwhile, textile imports also saw a decline following a surge in 2022, with significant drops from Asian suppliers. The overall trend suggests a return to pre-pandemic levels in both exports and imports for the European textile and apparel industry.
European Textile and Apparel Exports Dip in 2023, Asia Maintains Demand
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