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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

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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 […]

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Stop Bangladesh Exports Via Delhi Air Cargo Complex: AEPC

Textile Insights February 17, 2024

The Apparel Export Promotion Council (AEPC) has appealed to the Indian government to suspend transshipment of Bangladesh export cargo to third countries via Delhi Air Cargo complex. Earlier, such transhipment of Bangladesh export cargo was allowed only via Kolkata Air Cargo Complex, AEPC said. The Central Board of Indirect Taxes and Customs (CBIC) had issued […]

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Pakistani Textile Exports Grow For Second Consecutive Month

Textile Insights February 17, 2024

Pakistani textile exports grew for the second consecutive month in January 2024 and totaled US $1.45 billion, up 10.10 percent year on year and 3.98 percent month on month. Cotton yarn exports registered a remarkable 19.78 percent year on year growth and stood at $81.295 million. However, they declined 14.65 percent when compared with December […]

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Sri Lankan Exports Of Apparel Drop 18.81% In 2023

Textile Insights February 14, 2024

Sri Lankan exports of apparel in 2023 amounted to US $4,535 million, dropping by 18.81 percent compared to $5,591 million in 2022 Of this exports of knitted garment totaled $2,705 million in the previous year, down 20.13 percent as against $3,387 million in 2022 Woven clothing overseas shipments reached $1,735 million in the reporting year, […]

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Apparel Imports By United States Decreases 22.04% In 2023

Textile Insights February 12, 2024

Overall apparel imports by the United States dropped 22.04 percent to US $77.84 billion in 2023 compared to $99.86 billion in 2022. Data of the US Department of Commerce’s Office of Textiles and Apparel (Otexa) informed that clothing imports from China declined 10.83 percent year on year to $16.32 billion in the previous year. However, […]

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Sri Lanka To Negotiate FTA With India By End Of 2024

Textile Insights February 12, 2024

Sri Lanka will negotiate a free trade agreement (FTA) with India by the end of 2024. Sri Lanka and India resumed talks on the Economic and Technology Cooperation Agreement in Colombo in October 2023. “Similarly, Sri Lanka will sign FTAs would be negotiated with Indonesia, Malaysia, Vietnam, and China too by the year’s end,” Sri […]

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Bangladesh Apparel Exports Up 3.45% Between July & January

Textile Insights February 8, 2024

In the first seven months of fiscal ending June 30, 2024, Bangladeshi apparel exports rose 3.45 per cent from US $27.41 billion in the comparable period of previous fiscal to $28.36 billion. Among these, exports of knitwear were $16.17 billion between July and January, up 8.15 percent and woven garments were $12.18 billion, which declined […]

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Chinese PFY exports climb 20.7% in 2023. Grow highest to India

Textile Insights February 6, 2024

Chinese exports of polyester filament yarn (PFY) climbed 684 kilo tons or 20.7 percent year on year to total 3,990 kilo tons in 2023. The proportion of 10 ten PFY exports destinations increased 2.4 percent on an annual basis to 74.4 percent in the previous year. “Exports of PFY to India increased the highest followed […]

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Bangladesh Garment Exporters In Crisis On Reduction Of Subsidies

Textile Insights February 5, 2024

Bangladesh apparel exporters are facing a crisis over the government’s decision to withdraw cash subsidies for five clothing products, which make up for 55 percent of the sector’s exports. Along with the garment industry, the Bangladesh government had reduced incentives for other export sectors ahead of the country’s scheduled withdrawal from least developed country (LDC)