Export

Infusing $18bn To Help Bangla MMF Apparel Exports Touch $42bn

Textile Insights March 4, 2024

The Bangladesh garment industry has the potential to boost its non-cotton or manmade fibre (MMF) apparel exports to US $42 billion by 2032 at an additional investment of $18 billion. This was revealed in a study conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

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Bangladesh Faces $27bn Apparel Export Hit From Extreme Weather

Textile Insights February 29, 2024

Bangladesh could lose a massive $27 billion in yearly apparel exports by 2030, if the country does not adopt a climate-adaptive approach due to high heat and floods. Around 2.5 lakh employees working in the garment sector are forecast to lose jobs due to climate-induced disruptions by 2030. This was the interpretation of a study […]

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Indian Apparel Factories Need To Be Fast Fashion Compliant

Textile Insights February 28, 2024

India’s textiles and apparel overseas shipments have dropped over the past five years by 7.6 percent to $34.24 billion in 2023 as against $37.16 billion in 2018. A report titled ‘Regaining Textile Glory’ by Global Trade and Research Initiative added that in the same five year period, India’s textile and garment imports grew 25.46 percent […]

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Uzbek Textile & Apparel Exports Grow 14.4% In January

Textile Insights February 28, 2024

Textile and apparel exports from Uzbekistan grew 14.4 percent from a year period to US $250.2 million in January 2024. Of this, exports of yarns were $121.4 million, finished textile goods were $93.6 million, knitted fabrics stood at $18 million, fabrics amounted to $13.7 million and hosiery was $3.5 million. Exports of yarn accounted for […]

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India Seeks Zero Tariff On Textiles & Apparel In FTA With EU

Textile Insights February 27, 2024

India is negotiating for textiles and apparels to be classified as non-tariff items in the ongoing negotiations for a free-trade agreement (FTA) with the European Union. The EU import duties, typically ranging between 10-12 percent on textile and clothing, places India at a disadvantage with Bangladesh, which gets duty free access due to its least […]

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Vietnamese Textile & Apparel Exports Post Impressive Turnaround

Textile Insights February 26, 2024

Textile and garment exports from Vietnam reported a remarkable turnaround in the month of January 2024 Vietnamese textile and apparel exports totaled US $3.13 billion in the first month of ongoing year, a significant increase of 39 percent over the same month of previous year. “In January, the US continued to be Vietnam’s largest textile […]

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Vietnamese Textile & Apparel Sector Sees Growth In Export Orders

Textile Insights February 21, 2024

The Vietnamese textile and apparel industry is seeing a rise in orders from its major export markets and so is optimistic about the reaching export target of US $44 billion set for 2024. A majority of exporters have reported that they have received orders for production until May 2024. The Garment 10 Corporation JSC said […]

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European Union Global Garment Imports Slip 16.22% In 2022

Textile Insights February 20, 2024

Global imports of clothing by the countries of the European Union dropped 16.22 percent to €83.19 billion in 2023, compared to €99.29 billion in 2022. All major apparel exporting countries to the EU faced negative growth, due to the slowdown in consumer demand, mainly due to high inflation as a consequence of the ongoing Ukraine-Russia […]

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Bangladesh Apparel Exports Script History In January 2024

Textile Insights February 20, 2024

Bangladesh apparel exports scripted history by recording the highest ever exports in a single month in January 2024. Garment overseas shipments totaled US $ 4.97 billion, pretty close to $5 billion mark and reported an increase of 12.45 percent over January 2023. Of overall exports of clothing in January, knitwear exports grew by 17.32 percent […]

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Kuwait Based NRI To Import Uzbek Traditional Dresses For Women

Textile Insights February 19, 2024

A Kuwait based non-resident Indian (NRI), Anupam Jain has expressed interest in importing Uzbekistan traditional dresses for women Towards this end, a meeting was held between Uzbekistan embassy officials in Kuwait and Anupam Jain who owns Gulf Mysore General Trading Company. “Anupam Jain, who moved from India to Kuwait, has opened several Indian heritage stores […]