Export

TNG Textile Amid Few Vietnamese Firms To Hit 100% Export Target

Textile Insights December 25, 2023

Vietnamese textile and garment manufacturer, TNG Textile announced that it has crossed its revenue target for 2023 ahead of schedule and may be the only Vietnamese textile company to do so. The company which had set targeted revenue of VND 6,800 billion completed the target by mid-December,

Export

Rising MMF Fabric Imports Impacting Indian Textile Sector

Textile Insights December 25, 2023

Rising imports of manmade fibre (MMF) fabrics and at the same time higher domestic prices of these fibres has made the Indian textile industry uncompetitive. Various textile hubs of the country in Surat, Erode, Ludhiana, etc are fighting an insurmountable challenge of large scale dumping of MMF fabrics and are said to be operating at […]

Export

Bangladesh Plans To Expand Wool Garment Exports 10 Times

Textile Insights December 22, 2023

The Bangladesh garment export industry aims to expand its woollen garment exports in the next five years and propel them by 10 times from the current US $100 million. This development comes in the background of Australia, the world’s biggest wool producer, is targeting Bangladesh as an alternative to China for its wool processing. “Bangladesh […]

Export

Uzbekistan Textile Exports Slip 3.3% Between Jan & Nov

Textile Insights December 22, 2023

In the first eleven months of 2023, Uzbekistan’s textile exports slipped 3.3 percent year on year to US $2.8 billion, the Uzbekistan statistics agency reported. Exports of yarn accounted for 40.7 percent of all textile exports in the period between January and November and in total the country shipped 626 types of finished textile products […]

Export

India Arrests Downslide In November Garment Exports

Textile Insights December 22, 2023

After a long period of decline due to various global challenges, Indian garment exports increased 11.7 percent, from a year ago month to US $1.2 billion in November 2023. “Exports of garments from India have witnessed a rough patch in the past few months,” Apparel Export Promotion Council (AEPC) Chairman Naren Goenka informed. “This was […]

Export

Pakistani Textile Exports Continue Downward Slide In Nov

Textile Insights December 20, 2023

Pakistani exports of textiles continued their downward slide where they stood at US $1.37 billion in November 2023, down 3.51 percent year on year and also down 5.43 percent month on month. In the first five months of fiscal 2023-24 ending November 2023, textile exports from Pakistan amounted to $6.9 billion, a drop of 10.14 […]

Export

Bangladesh Topples China From Top Spot In EU Knitwear Imports

Textile Insights December 20, 2023

For the first time in knitwear clothing imports, EU’s import from Bangladesh has exceeded the share of any other country during the first nine months of 2023, both in value and volume. Between January and September, EU’s knitwear import from Bangladesh amounted to US $9 billion as against $8.96 billion from China in value. While, […]

Export

Philippine Garment Exports Forecast To Grow 2% In 2024

Textile Insights December 19, 2023

Philippines exports of clothing are expected to grow 2 percent in 2024 and reach US 1.33 billion. “The garment export industry needs to expand to newer markets to boost growth,” a statement from the Foreign Buyers Association of the Philippines (FOBAP) informed. FOBAP President Robert Young said that next year would not be an easy […]

Export

Chinese Textile & Apparel Exports Down By Just 1.69% In Nov

Textile Insights December 15, 2023

In the month of November 2023, exports of Chinese textile and clothing stood at US $23.665 billion, a marginal fall of 1.69 percent, data from Chinese Customs informed. Of this, exports of textiles totaled $11.120 billion, down by just 0.46 percent, while that of apparels reached $12.545 billion, a drop of 2.76 percent from a […]

Export

Bangladesh Garment Exports To US Plunge 24.75% In Jan To Oct

Textile Insights December 15, 2023

In the first ten months of 2023, Bangladesh’s garment exports to the US totaled US $6.35 billion plunging by 24.75 percent year on year. In volume terms, apparel overseas shipments to the US between January and October dropped higher at 29.51 percent to 1.95 billion square metres from 2.41 billion square metres in the same […]