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Brexit causes lower clothing imports in UK

As per the report UK clothing import market has been seriously disrupted after announcement of Brexit. Decision of the UK leaving the EU has resulted in decline of overall clothing imports by 10 per cent in the first quarter of 2017 from a year earlier. In a report by Emerging Textiles , there is a significant difference between previous years, with export prices down and volume of imports increasing, however the report mainly focused on knitted and woven garments,

This difference is sharp with what had been experienced in the previous years, when export prices were lower and volumes had sharply increased in UK

During the first quarter, UK’s clothing shipments from outside the EU increased by 1.5 per cent versus a decline of 4.9 per cent in the first three months of 2016, while the average unit value rose 17.5 per cent as against a slight rise of 0.6 per cent in the same quarter of 2016. There was a jump in export prices by more than 20 per cent in woven suits and trousers. But, in woven suits and trousers, the level of imports in volume has dropped by double-digits, according to the data released by EURATEX.

 
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