Germany’s apparel imports rise to $38.5 bn in Jan-Oct 2022

Germany imported apparel worth $38.496 billion from the world in January-October 2022, and its full year imports are likely to surpass the inbound shipment of $41.969 billion during 2021. The trade has already exceeded the figures for 2020 and 2021. Imports from China, Turkiye, and India remained bearish in recent years, but the imports from Bangladesh noticed an impressive growth.

Germany imported apparel worth $37.101 billion in 2020, $38.450 billion in 2019, $39.355 billion in 2018, and $36.855 billion in 2017. The imports grew to $12.403 billion in Q3 2022 from $10.750 billion in Q2 2022. The country’s inbound shipment was $11.186 billion in Q1 2022, $11.391 billion in Q4 2021, and $11.155 billion in Q3 2021, according to Fibre2Fashion’s market insight tool TexPro.

Country-wise imports by Germany reveal an interesting trend in trade. Germany’s imports from China have decreased or stagnated since 2019. China’s supply decreased to $5.337 billion in 2019 from $5.905 billion in 2018 and $5.988 billion in 2017. It further slipped to $5.163 billion in 2020 due to COVID but slightly increased to $5.447 billion in 2021 and $5.402 billion in 2022 (till October). Germany’s imports from Turkiye also decreased to $2.621 billion in 2019 from $2.866 billion in 2018. The trade improved to $2.936 billion in 2021 after shrinking in 2020 to $2.612 billion. Germany imported apparel worth $2.961 billion this year until October. The imports from India also declined to $853.088 million in 2020 after recording trade at $1,010.078 million in 2019, $1,089.560 million in 2018, and $1,068.229 million in 2017. The supply from India increased to $988.976 million in 2021 and $983.083 million in 2022 until October, as per TexPro.

However, among the major suppliers, Bangladesh was the only country that managed to register an impressive growth in supplies to Germany. Germany’s imports from Bangladesh increased to $5.166 billion in 2022 (till October), which was $3.948 billion in 2017. The trade was $4.725 billion in 2021, $4.009 billion in 2020, $4.261 billion in 2019, and $4.441 billion in 2018.

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