Export

Chinese Textile & Apparel Exports Fall 3.12% In Jan To April

Textile Insights May 11, 2024

China’s textile and apparel exports amounted to US $23.934 billion in April 2024, a year-on-year decline of 3.12 percent, data from the Chinese Customs informed. Of which, exports of textiles stood at 12.190 billion in April, down 2.36 percent, while overseas shipments of garments

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US Apparel Imports Drop 7.14% In First Three Months Of 2024

Textile Insights May 11, 2024

“In the first three months of ongoing year, overall US apparel imports dropped 7.14 per cent, falling to US $18.07 billion from $19.46 billion in the same period of 2023,” data from OTEXA informed. In contrast, US imports of garments from Bangladesh declined higher at 17 percent to $1.75 billion in the first quarter of […]

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India, China And Türkiye Face Decline In Knit T-Shirt Exports, But Opportunities Abound

May 10, 2024

Even as India, China and Türkiye face challenges such as declining export values and shifting market dynamics, opportunities for growth and adaptation abound, particularly in emerging markets, writes Henry Dsouza, Associate Editor, Textile Insights The global export outlook of knit T-shirts reflects shifts in consumer demand, economic conditions and trade dynamics. From

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BGMEA Seeks Incentives Post LDC To Reach $100bn Target By 2030

Textile Insights May 10, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the industry will meet target of US $100 billion by 2030, if the government supports industry post LDC graduation in 2026. According to BGMEA President SM Mannan, the apparel industry seeks an alternative support by way of cash incentives after Bangladesh graduates from least developed country […]

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Uzbekistan Textile & Apparel Exports Increase 14.7% In Q1

Textile Insights May 9, 2024

In the first three months of ongoing year, Uzbekistan exported textiles and apparels totaling to US $775.7 million, up 14.7 percent over the same quarter of previous year. “Of overall textile and garment exports, the primary share was garnered by finished textile products like apparels, etc at 37.7 percent and yarn at 46.8 percent,” the […]

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AEPC Drafting New Growth Strategy To Double Apparel Exports

Textile Insights May 9, 2024

The Apparel Export Promotion Council (AEPC) is drafting a new growth strategy to double exports of apparels to US $40 billion by 2030. The new strategy will include targeting new markets like Brazil, Mexico, Poland, Russia, Saudi Arabia and South Africa while also hiking share in traditional markets of the UK, US and EU. According […]

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Sri Lankan Apparel Exports Increase 7.72% In March 2024

Textile Insights May 7, 2024

Sri Lanka’s apparel exports stood at US $418.33 million in March 2024, an increase of 7.72 percent over the same month of previous year. March’s performance represents the highest monthly export earnings since reaching $442.6 million in December 2022 and the highest level so far in 2024. Exports to the US declined by 2.81 percent […]

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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 interest rates and faltering exports. “The scheme […]

Export

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 […]

Export

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. […]