In the first quarter, textile and apparel exports to the EU slowly recovered and resumed growth
With the slow recovery of the economy, the EU market has gradually stabilized. In the first quarter, textile and apparel exports to the EU were US$9.81 billion, regaining 2.4% growth after three consecutive years of decline. This was mainly driven by a year-on-year growth of 10.7% for textiles and a 1.2% year-on-year decrease for apparel. According to EU customs statistics, from January to February 2018, the EU imported US$24.29 billion in textiles and clothing from the world, a year-on-year increase of 17%, and imported US$8.24 billion from China, a year-on-year increase of 14.5%. Imports from ASEAN and Bangladesh increased by 23.3% and 19.7% respectively year-on-year. The market share of Chinese products in the EU was 34%, down 0.7 percentage points from the same period in 2017. (Title: Textile and apparel exports to the EU market slowly recovered and resumed growth in the first quarter)
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