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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

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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Indian Garment Exports Down 17.3% in July 2023

Textile Insights August 18, 2023

For the month of July 2023, shipments of textiles were down 1.9 percent, while those of garments dropped higher at 17.37 per cent, when compared with July 2022. Textile exports touched US $1.66 billion in July 2023 as against $1.69 billion last July, while garment exports totaled $1.14 billion last month as against $1.38 billion […]

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Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

Textile Insights August 16, 2023

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter amid stronger demand prospects, which are expected to drive cotton consumption higher. This was informed in the latest United States Department of Agriculture (USDA) report, which also forecast Bangladesh cotton consumption to grow by 800,000 bales to 8.0 million bales in 2023-24. […]

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Bangladesh Manages To Double US Garment Exports In Five Years

Textile Insights August 16, 2023

Bangladesh has managed to double its garment exports to the US, which is its largest market over the last five years and in 2022 touched US $9.75 billion. “In the same five-year period, US imports of apparels rose 28 percent to reach almost $100 billion,” figures from the Office of Textile and Apparels (OTEXA) revealed […]