As per provisional data, apparel exports in March amounted to $ 388.36 million, lowest for the month since 2020's $299.87 million.

In comparison to last year, the dip in March 2023 is 11% and as against 2019's $ 504 million it is a sharp 23% decline. March 2023 also marked the third month of exports below $ 400 million level.

Since September last year, apparel exports have been on a downward trend year on year.Exports in the first quarter were down by $ 208 million or 15% to $ 1.18 billion.

Apparel exports to the US, the biggest market, amounted to $ 151.73 million down by 16.5% from last year in March. Exports to the EU declined by 7.2% to $ 117.50 million. Shipments to the UK declined by 6% to $ 59 million.

Exports in the 1Q to the US were down by 22% to $ 470 million and to the EU by 13% to $ 344 million. First quarter exports to the UK were down 10% to $ 167.7 million