Export

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

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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 […]

Export

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 […]

Export

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 […]

Export

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)

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China’s Polyester Exports Cross 10,000 Kilo Tons In 2023

Textile Insights February 3, 2024

China’s exports of polyester raw materials like PSF, PFY, PET fibre chip, PET bottle chip and BOPET have crossed the landmark of 10,000 kilo tons in any year for the first time in 2023. “Overall polyester overseas shipments touched 11,160 kilo tons in 2023, an increase of 13 percent or 1,280 kilo tons over its […]

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2023 Chinese Cotton Yarn Imports From India Jump Four Times

Textile Insights February 3, 2024

Chinese cotton yarn import volumes from India jumped four times to 248,000 tons in 2023 as against 56,400 tons in 2022 and accounted for 16 percent of total cotton yarn imports. The total Chinese import volume of cotton yarn for 2023 totaled 1.55 million tons, growing by a massive 41.9 percent compared to 1.09 million […]

Export

Bangladesh MMF Apparel Exports Can Be Doubled By 2025: Study

Textile Insights February 2, 2024

A Bangladesh study has found that if challenges faced by industry are resolved, exports of the country’s manmade fibre (MMF) apparels can double to US $19 billion by 2025 from the present $8.5 billion. The Economic Relations Division (ERD) study was done based on the present worldwide market share and export forecast of 20 types […]

Export

90% Of Cambodian Garment Units Owned By Chinese Investors

Textile Insights January 31, 2024

Around 90 percent of garment manufacturing factories in Cambodia are owned by Chinese companies or investors. This was revealed in a report by Research and Markets titled ‘Cambodia Garment Manufacturing Market Report 2023-2032: Youthful Demographic Dividend Fuels Consumer Market Growth’. The report said that that the Cambodian apparel sector was highly appealing for

Export

Turkish Garment Body Chief Shows Path To Attain $40bn Export Target

Textile Insights January 31, 2024

Speaking at a summit, Mustafa Gültepe, President of the Istanbul Apparel Exporters’ Association (IHKIB) laid down the path to achieving US $40 billion in apparel exports from the current $20 billion. Mustafa Gültepe was speaking at a summit organised by the IGKIB, where Turkish garment manufacturers and global brands and purchasing groups came together. “The […]