Home / Knowledge / News / Apparel/Garments / India's apparel exports decline significantly in July
India's apparel exports decline significantly in July
30
Aug '12
Apparel exports from India showed a significant decline of 16.7 percent year-on-year in July 2012, according to the data released by the Apparel Export Promotion Council (AEPC).
 
India exported US$ 1 billion worth of garments in July, thus taking the total clothing exports from April to July this year to US$ 4.2 billion, down 13.23 percent from the US$ 4.9 billion worth of apparel exports made during the corresponding period of previous fiscal.
 
Last fiscal, India exported US$ 13.7 billion worth of garments, and the country has set a target of US$ 18 billion for 2012-13 fiscal.
 
The decline in India’s apparel exports is mainly due to a decrease in garment imports by the EU and the US, India’s traditional markets.
 
From January to June this year, India’s apparel exports to the EU declined sharply by 25 percent year-on-year to US$ 2.9 billion, while its exports to the US dropped by 9.8 percent to US$ 1.7 billion.
 
However, India was not the only country which saw a decline in its apparel exports to the EU and the US during the first half of 2012.
 
EU’s overall apparel imports fell 13 percent year-on-year to US$ 39.1 billion during January-June 2012, while total garment imports by the US dipped by 0.05 percent year-on-year to US$ 35.9 billion.
 
Bangladesh was the only country whose garment exports to the EU increased during the six-month period, while exports from Turkey and China declined.
 
Similarly, Vietnam was the only country whose apparel exports to the US rose 4.72 percent during the period under review, according to the US Department of Commerce data.
 
The US clothing imports from Bangladesh, Indonesia, Mexico and China fell during the first six months of the current year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search