Export

Pakistani Textile & Garment Exports Grow Slower At 3.2% In March

Textile Insights April 19, 2024

After posting double digit growth in three previous consecutive months Pakistan’s textile and garment exports slipped into low single digit growth in March 2024 Exports of textiles and apparels grew by a paltry 3.29 percent to US $1.29 billion in March as against $1.25 billion in the same month

Export

Indian Cotton Textile Exports Increase 6.7% In 2023-24

Textile Insights April 17, 2024

Indian export of cotton textiles in fiscal 2023-2024 reached US $11.68 billion, growing by 6.7 percent over the previous fiscal. “This accomplishment underscores the resilience, determination, and collective efforts of all the exporters,” Sunil Patwari, Chairman of Texprocil said in a statement. “Positive growth has been achieved despite headwinds like geo strategic

Export

Indian Textile & Apparel Exports Slip 3.24% In Fiscal 2023-24

Textile Insights April 17, 2024

In fiscal 2023-24, which ends in March 2024, cumulative exports of textiles and apparel from India fell 3.24 percent to $34.43 billion versus $35.58 billion in fiscal 2022-23 Between April 2023 and March 2024, Indian textiles exports registered a year over year growth of 2.62 percent and reached $19.89 billion. However, clothing exports slipped in […]

Export

Indonesian Illegal Imports Of Clothing Total $2.9bn Per Year

Textile Insights April 12, 2024

The import of illegal garments into Indonesia is projected at three million pieces per day with the import value estimated at US $2.9 billion per year. This was disclosed by Chairman of the Association of Indonesian Textiles (API) West Java branch, Ian Syarif, who said that rise of illegal clothing imports is main cause of […]

Export

Bangladesh Seeks To Expand Apparel & Jute Exports To Russia

Textile Insights April 12, 2024

Jahangir Kabir Nanak, the Bangladeshi Textiles and Jute Minister said his government wants to expand exports of apparels and jute-made products to Russia. “Russia can be a big export market for Bangladeshi garments as well as jute made products,” the minister said after a meeting with Russian Ambassador to Bangladesh, Alexander Mantytskiy. While addressing journalists […]

Export

Double Digit Growth for Bangladesh Garment Exports in March

Textile Insights April 10, 2024

Bangladeshi garment exports increased in double digits or by about 11 percent to reach US $4.34 billion in March 2024 compared to $3.89 billion a year ago, according to data of Export Promotion Bureau. Of this, knitwear exports saw 16.47 percent growth, reaching $2.42 billion compared to $2.07 billion in March 2023, while woven apparel […]

Export

Vietnam Apparel Exporters Should Explore New Markets: VITAS

Textile Insights April 10, 2024

To beat the challenge of the Red Sea crisis, a top official of a Vietnam textile and garment association advised apparel exporters to diversify markets beyond Europe. “Tensions in the Red Sea are a bottleneck for the textile and garment industry when exporting to the European market,” Vu Duc Giang, Chairman of the Vietnam Textile […]

Export

Cambodia Leads Charge In US Apparel Imports In Jan-Feb Period

Textile Insights April 9, 2024

Cambodia led the charge with US garment imports from the SE Asian country increasing 15.34 percent year on year  to $545.20 million in the January to February period of 2024. Overall US apparel imports in the first two months of the ongoing year declined 7.78 percent from a year ago period to US $12.18 billion. […]

Export

Nigerian Textile & Garment Imports Soar 106% Over Four Years

Textile Insights April 9, 2024

Despite various intervention efforts by the Central Bank of Nigeria (CBN) to prop up the domestic textile industry, Nigerian imports of textiles and apparels soared 106.7 percent over the past four years. According to data from the National Bureau of Statistics (NBS), imports of textile and garments which stood at Naira 182.5 billion in 2020 […]

Export

Market Share Of Global MMF Apparel Exports To Reach 60% By 2030

Textile Insights April 5, 2024

A study informed that global apparel exports are expected to grow to $1,121 billion by 2030, from $953 billion in 2022. Of this, around 60 percent are projected to be manmade fibre (MMF) apparels by 2030. “Around 50 percent of the $953 billion in worldwide apparel exports were MMF-based in 2022, 37 percent were in […]