Export

FIEO Requests Govt To Extend Interest Equalisation Scheme

Textile Insights May 7, 2024

The Federation of Indian Export Organisations (FIEO) has urged the government to extend the interest equalisation scheme (IES) that is set to expire on June 30. In a statement, the exporter’s body said that the extension is required to offer a lifeline to small exporters grappling with high

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Bangladesh Apparel Exports Up 4.95% Between July & April

Textile Insights May 6, 2024

In the first ten months of fiscal 2024 ending June 2024, Bangladeshi garment exports totaled US $40.49, up 4.95 percent over $38.58 billion reported in the same period of previous fiscal. In the months between July 2023 and April 2024, knitwear exports stood at $22.88 billion, growing by 11 percent over the comparable months of […]

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UK’s Average Apparel Cost Decreases To £16.70 In 2023: WRAP

Textile Insights May 3, 2024

According to a WRAP report, the average cost per item of apparel in the UK has decreased by 2 percent since 2015, reaching £16.70 in 2023. The 2024 Textiles Market Situation Report by WRAP also informs that covid-19 pandemic had a large impact on textiles consumption, with rates falling 330,000 tons between 2019 and 2020. […]

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Bangladesh Exports May Shrink Up To 14% Post LDC Graduation

Textile Insights May 3, 2024

After its graduation from a least developed country (LDC) in 2026, exports from Bangladesh are expected to drop between 5.5 and 14 percent, due to the country losing its preferential trade benefits. According to an Asian Development Bank (ADB) study, over 70 percent of the country’s merchandise exports currently benefit from LDC-specific trade preferences. “The […]

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Tiruppur Garment Exports Turn Positive In Feb & March

Textile Insights May 2, 2024

Apparel exports from the knitwear hub of Tiruppur in February and March reported growth after facing a slump in demand for more than a year. Data available with the Tiruppur Exporters’ Association (TEA) show knitwear exports from Tiruppur grew 6.4 percent in February and 5.6 percent in March compared with same months last year. Total […]

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South Africa Tops In African Textile & Apparel Exports

Textile Insights May 2, 2024

The biggest textile exporter from the African continent is South Africa at US $3.8 billion in 2023, mainly from technical textiles which are primarily supplied to aeronautics companies. Ethiopia’s textile exports stood at $2.5 billion in the previous year as the country’s textile industry is gaining traction from businesses trying to escape rising wages in […]

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Bangladesh Garment Exports Lag Behind Asian Competitors

Textile Insights April 30, 2024

Apparel exports from Bangladesh have witnessed a drop in both value and volume to the EU and the US in the first two months of 2024. While, China and Vietnam both reported single-digit growth in terms of value and volume of garment exports to the US, Bangladesh has recorded double-digit negative growth rate in this […]

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Iranian Imports Of Textiles & Apparels Up 12% In Earlier Fiscal

Textile Insights April 29, 2024

Iran imported textiles and apparels amounting to US $2.2 billion between March 21, 2023 and March 19, 2024, a growth of 12 percent as against its previous fiscal. The main countries which exported to Iran include the United Arab Emirates (UAE), China and Turkey in the fiscal. On the other hand, Iran exported around $500 […]

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US Trade Bodies Oppose Tariff Hike In Apparel Imports

Textile Insights April 29, 2024

Four US retail and fashion bodies are opposing a proposal to hike tariffs on apparel imported from various Asian countries, since the end consumers will have to bear the brunt of resultant hike in clothing prices. These four trade bodies include the American Apparel and Footwear Association, the National Retail Federation, the Retail Industry Leaders […]

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Chinese Garment Exports Up 1.1% In First Quarter Of 2024

Textile Insights April 26, 2024

In the first quarter of 2024, China’s exports of apparels totalled US $33.82 billion, a year-on-year increase of 1.1 percent. “While, garment exports in March 2024 amounted to $10.43 billion, down 17.9 percent from a year ago month,” data from Chinese Customs informed However, when compared with March 2019, the year before the Covid-19 pandemic […]