Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

EU Buys Less Overall, China Takes Big Hit

When it comes to sustainability, there is no way forward without a plan. Attend our in-person “Sustainability Summit: Road to 2030” June 1 in NYC. Learn from the industry’s best and brightest, and network to create those necessary partnerships!

Clothing imports into the EU fell 5% between January and October of 2012, as compared to the same months in 2011. According to the Institut Français de la Mode (IFM), Bangladesh has now surpassed Turkey as the EU’s second biggest supplier of clothing–the biggest is still China–but while imports from China dropped 9% in value, the value of imports from Bangladesh grew 9%.

A lackluster European economy and rising minimum wages in Chinese factories are credited with the EU’s shift in attention to cheaper Asian markets–purchases were also up in Vietnam and Sri Lanka (3% and 6%, respectively).

Related Articles

More from our brands

Access exclusive content Become a Member Today!