Sunday, December 10, 2023

The map of destinations where fashion exports are sinking

Fashion has changed its external map. In the ninth month of the year, the sector’s exports registered a remarkable year-on-year drop of 15%, with a more pronounced decline in Mexico, the United Kingdom and the United States, according to the data which was published on Friday by Icex España Exportacion and Inversiones.

specifically, Spain drops its fashion sales to the United States by 43% compared to September 2022, up to 80.39 million euros, falling two points in the ranking. In Mexico, exports fell by 37%, with fashion sales of 43.8 million euros and another drop of two positions in the general list of the main fashion destinations in Spain.

For their part, Spain’s exports to The United Kingdom fell by 29%, with sales of 166.9 million eurosbut maintains the sixth place in the ranking, as in September 2022. France remains in the first position, although at the time Spain has lowered its trend towards the country of France by 4.1%.

The year-on-year decline in exports leaving the accruals up to now in 2023 in negative territory for the first time since 2020, with a decrease of 1.5%. Between January and September, Spain reduced its fashion sales by 27% to the United States, down to 858.1 million euros. In Mexico, exports fell by 23%, to 442.2 million euros, and in the United Kingdom by 10%, with sales of 1,554.7 million euros.

The first four markets for Spain by the number of exports maintained their position, registering an increase in fashion sales accumulated in the first nine months of the year. Specifically the top 4 It is made up of France, where exports increased by 8.4%; Italy and Portugal, with an increase of 12%; and Germany, with a growth of 10%.

In Israel, for its part, exports fell during the first nine months of the year with a drop of 47%. The fallout is remarkable, as it came before Hamas attacked Israel on October 7, triggering the latest offensive in Israel’s war on Palestine. In Russia, the decrease was 28.7% between January and September, up to 96.6 million euros, although the comparable base is already lower after the decrease registered after the invasion of Ukraine.

World Nation News Desk
World Nation News Desk
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