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Vietnam Textile & Garment Exports Expected To Prosper In 2024

Textile Insights January 15, 2024

Vietnam’s textile and apparel exports to the US market are expected to prosper in 2024, as Vietnamese textile and garment exporters already have orders in hand till end of first quarter of 2024. According to a VinaCapital Group report, export orders are expected to rise in 2024, as

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Cambodian Apparel Exports Decrease 12.86% Last Year

Textile Insights January 12, 2024

Cambodia’s exports of apparel dropped 12.86 percent in 2023 to US $7.86 billion as against $9.02 billion in 2022. Within apparel exports, knitted clothing overseas shipments fetched $5.47 billion, down 14 percent versus $6.36 billion in 2022. While woven garment exports garnered $2.39 billion, a drop of 10.4 percent as against $2.66 billion in 2022. […]

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US Textile & Garment Imports Inch Up 1.5% In November

Textile Insights January 11, 2024

US textile and apparel imports increased 1.5 percent in November 2023 and amounted to 6.9 billion SME compared to 6.8 billion SME in the same month of 2022. As per data of the Office of Textiles and Apparel of the US Department of Commerce (OTEXA), imports from Mexico recorded the highest hike at 79.8 percent […]

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Bangladeshi Tops In Global Apparel Exports By Volume To UK

Textile Insights January 11, 2024

In the first 10 months of 2023, Bangladesh has retained its position as the top exporter of apparels and accessories to the UK market in terms of volume. Data from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that Bangladesh shipped 178.39 million kg of apparels to the UK compared to 159.25 million kg exported […]

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Swiss Import Duty Abolition Negates India’s Gains From FTA

Textile Insights January 10, 2024

Switzerland which introduced a policy to allow tariff-free entry for all industrial goods from all countries has negated India’s gains from the negotiations for a European Free Trade Association (EFTA) free trade agreement. Switzerland’s decision that took effect from January 1, 2024 resulted in removing tariffs on products, including chemicals, consumer goods, vehicles

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Three Global Fashion Companies To Compensate Mauritius Workers

Textile Insights January 10, 2024

Three global fashion companies have agreed to collectively pay US $420,593 to compensate apparel workers in Mauritius after the publication of an undercover investigation report into labour rights abuse. The three companies include PVH, owner of Tommy Hilfiger and Calvin Klein; Second Clothing and UK based brand Barbour. Transparentem, a US non-profit organisation

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China’s Changing Economic Landscape: Beyond The Garment Industry

January 10, 2024

Five years ago, workers from regions as distant as Gansu and Qinghai flocked eastward to Guangdong’s Pearl River Delta, lured by the promise of lucrative wages in the booming garment factories. It was a time when a skilled sewer could earn more than a university graduate. Fast forward to today, and the scenario has drastically […]

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Cotton Imports By Bangladesh Decline Significantly In 2023

Textile Insights January 9, 2024

Bangladeshi cotton imports declined significantly to 1.35 million tons, decreasing by 24.85 percent compared to 1.80 million tons in 2022. Imports of cotton, yarn and fabric by Bangladesh slipped in 2023, although exports of apparel grew 3.67 percent the same year But imports of manmade fibre registered a growth in 2023; due to Bangladeshi apparel […]

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2023 Most Difficult Year For Vietnam Textile & Garment Exports

Textile Insights January 8, 2024

2023 has been the most difficult year for textile and garment exports in the past 29 years. This was said by Cao Huu Hieu, Director of Vietnam Textile and Garment Group (Vinatex). Hieu said this while addressing a press conference while summarising the developments in the Vietnamese textile and apparel industry in 2023. Hieu added […]

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Textile Exporters Hold Back Shipments Amid High Freight Costs

Textile Insights January 8, 2024

The Indian Commerce Ministry is monitoring developments on the situation at the Red Sea, amid textile and garment exporters holding back their shipments owing to fears about higher freight costs. The cost of freight and insurance has risen due to ships being compelled to avoid the region and take a longer route around the Cape […]