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

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, […]

Export

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 […]

Export

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. […]

Export

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 […]

Export

July Bangla Garment Exports Rise Sharply By 17.43%

Textile Insights August 14, 2023

During the first month of fiscal 2024, Bangladeshi garment exports rose sharply by 17.43 per cent to US $3.95 billion, up from $3.37 billion dollars in July 2022. Of this, woven garment shipments grew 11.54 percent in July 2023 and totaled $1.68 billion from $1.51 billion in July 2022, while knitwear export grew year on […]

Export

Non Tariff Barriers Potent Tool To Disrupt Indian Garment Exports

Textile Insights August 12, 2023

At a webinar organised by Apparel Export Promotion Council (AEPC), it was highlighted that 69 percent of textiles related Non Tariff Barrier (NTB) notifications issued since 2019, relate to the garment industry alone. AEPC in collaboration with Sarvada Legal organised the webinar on ‘Emerging non-tariff barriers in the apparel export sector’, with the aim to […]

Export

Bangla Garment Exports Get UK Duty Free Status Post LDC

Textile Insights August 11, 2023

Bangladesh garment exports to the UK will continue to receive duty free status posts for a three year period following its transition out of the Least Developed Country (LDC) status in 2026. The South Asian country will be eligible to export 92 percent of tariff line products duty-free, which also includes apparels, when accessing the […]