EU textiles and clothing imports went slightly up due to increases from some Asian countries: Bangladesh, with a +8% increase, is now the 2nd supplier of the EU, while imports from Cambodia, Pakistan surged by respectively +14% and +6.5%. T&C imports from Myanmar revealed a significant expansion (+62%), and ranks now 18th, after Japan. On the contrary, imports from China- EU 1st supplier- and the US decreased over the period (by respectively -5% and -8%). Despite the depreciated €, the EU faced a subdued growth of exports, due to weak performances in EU customers’ main market (Switzerland, China, Japan) and to a decrease of sales in Russia, Turkey, Hong Kong and the US, EU’s top customer, (-0.7%). EU exporters achieved better results in other markets such as Morocco (+8.5%), as well as Ukraine and Serbia (with+13% on average).
NB: In the graph below, the % data represent the evolution based on the same period of the previous year, while sizes of the bubbles are determined by the values (in €). To enlarge the graph, click on the picture.