Home / Knowledge / News / Apparel/Garments / Asia accounts for 80% of Chilean apparel imports
Asia accounts for 80% of Chilean apparel imports
03
Mar '14
Asian nations, including China, India and Vietnam, account for around 80 percent of all apparel imports made by Chile.
 
According to the data from Chile’s General Administration of Customs, in 2013, Chile imported US$ 2.322 billion worth of garments.
 
Of this, 78 percent of clothing was supplied by China. In terms of value, India stood second with exports valued at $ 43 million, while Vietnam took the third spot with exports of $35.1 million.
 
In 2013, Chile also imported clothing from other countries, including Bangladesh, Argentina, Colombia, Peru, Italy, Spain and the US.
 
Last year, clothing sales witnessed an increase of 18 percent year-on-year in Chile, according to the statistics from the Chilean Chamber of Commerce.
 
In accordance with the recommendations of the World Trade Organisation (WTO), the Latin American country is phasing out duty on imports from all Least Developed Countries (LDCs) over a three-year period.
 
Bangladesh, being a LDC, would benefit from this policy and all its garment exports to Chile would become duty-free from January 1, 2015. Hence, from next year onwards, the share of Bangladesh in Chile’s apparel imports is likely to increase.
 
In addition, Vietnam’s garment exports to Chile are also likely to increase as the Vietnam-Chile Free Trade Agreement (FTA) is scheduled to take effect from May 2, 2014, which will bring down tariff on Vietnamese clothing entering Chilean market to zero from the current rate of six percent.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Claudia Kersten
Global Organic Textile Standard

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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