UK clothing imports from Taiwan, China, are tepid; declining year after year
UK clothing imports from Taiwan have declined over the past few quarters, from US$5.750 million in the third quarter of 2021 to US$3.988 million in the second quarter of 2022 (Q2). Despite support from the UK and UK, inbound shipments have been trending downward for years. Western world. In 2021, imports fell by more than 40% to $18.674 million.
The import value in the fourth quarter of 2021 was US$5.467 million, in the first quarter of 2022 it was US$4.559 million, and in the second quarter of 2022 it was US$3.988 million. The country imported $2.369 million worth of clothing in July and August in the third quarter of this year. However, imports have fluctuated in recent months. They increased from $1.055 million in July 2022 to $1.314 million in August, according to FTF Market Data. It was US$1.682 million in June, US$1.383 million in May, US$922,000 in April, and US$1.219 million in March 2022.
UK annual imports from Taiwan have been falling over the past few years. It dropped from $33.898 million in 2017 to $18.674 million in 2021. The import value in 2018 was US$20.879 million, in 2019 it was US$16.934 million, and in 2020 it was US$19.192 million. Imports in the first eight months of this year were US$10.918 million. Taiwan has been a minor supplier of clothing to the UK for many years.
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