Germany is an important country in the EU. As the number of new coronavirus cases in the EU rises again and some areas of the country have implemented blockades, imports of ready-made clothing and fabrics are expected to increase in the next few months. dropped within the month. Intra-EU trade has also been affected, as most countries in the EU (such as France and Italy) are also subject to blockade restrictions.
In 2019, the total value of German garments and fabric imports was US$40.69 billion, with a monthly average of US$3.39 billion. Imports fell by 4.36% to US$38.92 billion in 2020, mainly due to the impact of the COVID-19 pandemic.
According to Fibre2Fashion’s market intelligence tool TexPro, between January and June 6, 2021, the average monthly import value is expected to fall by 1.95% to 3.18 billion U.S. dollars, which was $3.24 billion per month in 2020. This is mainly due to the fact that most countries in the EU, including Germany, were under lockdown in the first half of 2021, and clothing and fabric stores were also closed.
In 2020, German imports of ready-made clothing and fabrics began to increase in September 2020. In the second half of 2020, China and Turkey were the main exporters of German ready-made clothing and home textiles respectively.
German retail was severely affected by subsequent lockdowns due to the second and third waves of the coronavirus. Since December 16, 2020, many retail stores have been closed. A top Swedish retailer closed 20% of its stores across Europe in the first quarter of 2021 due to the epidemic lockdown.
In addition, Myanmar is one of Germany’s major garment exporters, but due to the turbulent situation in the country, it has been unable to fulfill orders.
Across Europe, many countries, including Germany, continue to impose pandemic lockdown restrictions. A reopening date for German retail stores has not yet been announced.
AAASDFWETGD
