Export

Global US Apparel Imports Dive 22.28% In First Seven Months

Textile Insights September 13, 2023

Overall US clothing imports dived sharply by 22.28 percent to US $45.74 billion in the first seven months of the current year, as against $58.85 billion in the comparable period of the earlier year. Imports of garments from its largest source China totaled $9.12 billion between January and July

Export

Cambodian Garment Exports Drop 18.98% Between Jan & Aug

Textile Insights September 13, 2023

In the period between January and August 2023, Cambodian garment exports dropped 18.98 percent compared to the same period in 2022, to $5.49 billion. Of overall apparel shipments, exports of knitted garments totaled $3.63 billion in the first eight months of 2023, down 23.2 percent, compared to $4.5 billion earned for the same period last […]

Export

Pak Textile Exports Continue Downward Trend In August

Textile Insights September 12, 2023

Exports of textiles continued to remain in a downward trend in August, where they declined to US $1.48 billion, down 6 percent, when compared to $1.58 billion reported in the same month of 2022. In the period between January and August 2023, Pakistan’s textile exports dropped 19 percent year on year to $10.58 billion, provisional […]

Export

Bangladesh Garment Exports Inch Up 4.92% In August

Textile Insights September 6, 2023

Bangladesh garment exports inched up 4.92 percent in August to US $3.93 billion, up from $3.74 billion in the same month of earlier fiscal. In the first two months of the current fiscal ending June 30, 2024, apparel shipments reached $7.88 billion, a growth of 12.46 percent over comparable months of the previous fiscal “In […]

Export

Vietnamese Apparel Exports Up 6.8 Percent In July

Textile Insights September 4, 2023

In July 2023, garment exports from Vietnam totaled US $3.27 billion, an increase of 6.8 percent, when compared with June 2023. As against the earlier eleven months, Vietnamese clothing shipments recorded the highest value in July 2023, according to the General Statistics Office (GSO). “Shipments of apparel are showing recovery signs in several markets and […]

Export

Bangladesh Largest Shipper Of Cotton Apparels To UK

Textile Insights September 1, 2023

Bangladesh has become the largest exporter of apparels made from cotton to the UK in 2021, and is followed by China in second place. Shipments of exports of cotton clothing to UK from the South Asian country reached $1.95 billion in 2021, thereby gaining a market share of 21.9 percent, which is double the market […]

Export

Uttar Pradesh Aims To Double Silk Production To Boost Textile Exports

August 30, 2023

The Uttar Pradesh government is formulating a strategy to amplify silk production to over 700 tonnes, with the goal of invigorating textile manufacturing and boosting premium apparel exports from the state. The proposed plan includes the establishment of silk clusters and research institutions to encourage silk production, thereby enhancing rural incomes, particularly

Export

Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]

Export

Australia Also Offers Duty Free Status To Bangla Garments Post LDC

Textile Insights August 29, 2023

Australia becomes the third country after the UK and Canada, which will continue to offer duty free status to Bangladeshi garment exports after the country graduates from its least developed country (LDC) status in 2026. This assurance was provided by an official of the Australian government’s Department of Foreign Affairs and Trade, during a recent […]

Export

Jan-July Apparel Exports From Vietnam Drop 15.9%

Textile Insights August 28, 2023

In the first seven months of 2023, apparel exports from Vietnam dropped 15.9 percent, compared to the same period in 2022, to US $22.5 billion. In the months between January to July 2023, clothing exports fell 24 percent to the US, 10 percent to the EU, by another 10 percent to China and also by […]