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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Rupa Sood and Sharan Apparao
Nayaab

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search