Singapore’s Apparel Imports from China Dip Slightly in 2023
Singapore's Apparel Imports from China Dip Slightly in 2023
Singapore, December 13, 2023: While still the dominant source of apparel imports, China's share of Singapore's garment imports experienced a slight decline in 2023, according to recent data. This development, while modest, reflects a potential shift in Singapore's sourcing strategies and aligns with broader trends in the global apparel industry.
Details:
Although the exact figures are yet to be released, industry reports indicate a slight dip in China's share of Singapore's apparel imports in 2023.
This follows a period of sustained growth, where China had been the leading supplier of apparel for Singapore for several years.
The reasons for the decline are multifaceted and include:
Rising production costs in C...