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

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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 […]

Export

January To July Chinese Textile & Apparel Exports Slip 10%

Textile Insights August 25, 2023

In the period between January and July 2023, overseas shipments of Chinese textile and apparel exports totaled $170 billion, which is down 10 percent year on year. In the reporting period, garment exports touched $90.94 billion, a fall of 8.3 percent from the first seven months of 2022, while textiles shipments reached $78.85 billion or […]

Export

Bangladesh’s Value Addition From Apparel Exports Up 11.5% Points

Textile Insights August 25, 2023

The Central Bank of Bangladesh informed that value addition from garment exports increased 11.5 percentage points in fiscal 2023 over fiscal 2022. A report titled ‘Quarterly Report on RMG’ released by Bangladesh Bank said the value addition in the apparel export industry rose from 54.38 percent in fiscal 2022 to 65.97 percent in fiscal 2023. […]

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Pakistani Textile Exports Drop 11.44% In July 2023

Textile Insights August 21, 2023

Pakistani textile exports dropped 11.44 percent to $1.31 billion in July 2023 as compared to $1.48 billion in the same month of last year. However, cotton yarn exports bucked the declining trend and surged 35.96 percent to $97.03 million in the month under review as against $71.36 million in July 2022. “On the other hand […]

Export

New UK Policy To Assist Bangladesh Ship Duty Free Apparels

Textile Insights August 21, 2023

UK has unveiled a new scheme called ‘Developing Countries Trading Scheme’ (DCTS) which will help Bangladesh export duty free apparels to UK, post its graduation from Least Developed Country (LDC) status. DCTS provides countries one of the most generous sets of trading preferences of any country in the world and which is similar to the […]

Export

H1 Turkish Textile Exports Experience 13.6% Drop

Textile Insights August 19, 2023

In the first half of 2023, exports of Turkish textiles and raw materials experienced a 22.1 percent year on year, drop to US $5.9 billion. The 27 member EU continued to remain the biggest destination for Turkish textile exports, but where they declined by 22.5 percent compared to the same period in 2022 and amounted […]

Export

Gokaldas Exports Forecasts Slow Global Garment Demand

Textile Insights August 19, 2023

One of India’s biggest garment exporters, Gokaldas Exports has forecast that because the global economy remains weak, demand for clothing too will remain slow in the first half of fiscal 2024. “We are however optimistic about the revival of the business in the second half of fiscal 2024 and are bullish on the long-term prospects […]

Export

US Apparel Imports Plunge 23.17% In Six Months To June 2023

Textile Insights August 18, 2023

US garment imports plunged 23.17 percent in the six months to June 2023 to US $38.04 billion vis-a-vis $49.52 billion in the corresponding period of 2022, the Office of Textile and Apparels (OTEXA) said. Imports of apparels from China totaled $7.27 billion, a steep drop of 29.16 percent. Clothing imports from Vietnam reached $6.73 billion, […]