Export

Uzbekistan To Control Prices of Various Textile Export Products

Textile Insights May 16, 2024

The Uzbekistan government will now onwards regulate export of textile, leather, footwear and electrical products. According to a new regulation, Uzbekistan will monitor value of export contracts for textiles, footwear and electrical equipment, as well as control export prices of the

Export

Indian Cotton Yarn Export Volumes Increase 29% In February

Textile Insights May 14, 2024

Export volumes of Indian cotton yarn amounted to 100,600 tons in February 2024, an increase of 29.74 percent over February 2023 and 22.38 percent over January 2024. In terms of the market share of Indian cotton yarn exports in February, Bangladesh was the top destination with a 36 percent share, followed by China with around […]

Export

Indian Govt Will Focus On Boosting Textile & Garment Exports

Textile Insights May 14, 2024

“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]

Export

Chinese Textile & Apparel Exports Fall 3.12% In Jan To April

Textile Insights May 11, 2024

China’s textile and apparel exports amounted to US $23.934 billion in April 2024, a year-on-year decline of 3.12 percent, data from the Chinese Customs informed. Of which, exports of textiles stood at 12.190 billion in April, down 2.36 percent, while overseas shipments of garments amounted to $11.744 billion, a year-on-year fall of 3.90 percent. In […]

Export

US Apparel Imports Drop 7.14% In First Three Months Of 2024

Textile Insights May 11, 2024

“In the first three months of ongoing year, overall US apparel imports dropped 7.14 per cent, falling to US $18.07 billion from $19.46 billion in the same period of 2023,” data from OTEXA informed. In contrast, US imports of garments from Bangladesh declined higher at 17 percent to $1.75 billion in the first quarter of […]

Export

India, China And Türkiye Face Decline In Knit T-Shirt Exports, But Opportunities Abound

May 10, 2024

Even as India, China and Türkiye face challenges such as declining export values and shifting market dynamics, opportunities for growth and adaptation abound, particularly in emerging markets, writes Henry Dsouza, Associate Editor, Textile Insights The global export outlook of knit T-shirts reflects shifts in consumer demand, economic conditions and trade dynamics. From

Export

BGMEA Seeks Incentives Post LDC To Reach $100bn Target By 2030

Textile Insights May 10, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the industry will meet target of US $100 billion by 2030, if the government supports industry post LDC graduation in 2026. According to BGMEA President SM Mannan, the apparel industry seeks an alternative support by way of cash incentives after Bangladesh graduates from least developed country […]

Export

Uzbekistan Textile & Apparel Exports Increase 14.7% In Q1

Textile Insights May 9, 2024

In the first three months of ongoing year, Uzbekistan exported textiles and apparels totaling to US $775.7 million, up 14.7 percent over the same quarter of previous year. “Of overall textile and garment exports, the primary share was garnered by finished textile products like apparels, etc at 37.7 percent and yarn at 46.8 percent,” the […]

Export

AEPC Drafting New Growth Strategy To Double Apparel Exports

Textile Insights May 9, 2024

The Apparel Export Promotion Council (AEPC) is drafting a new growth strategy to double exports of apparels to US $40 billion by 2030. The new strategy will include targeting new markets like Brazil, Mexico, Poland, Russia, Saudi Arabia and South Africa while also hiking share in traditional markets of the UK, US and EU. According […]

Export

Sri Lankan Apparel Exports Increase 7.72% In March 2024

Textile Insights May 7, 2024

Sri Lanka’s apparel exports stood at US $418.33 million in March 2024, an increase of 7.72 percent over the same month of previous year. March’s performance represents the highest monthly export earnings since reaching $442.6 million in December 2022 and the highest level so far in 2024. Exports to the US declined by 2.81 percent […]