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Apparel fetch highest forex earnings for Jordan in Q1

June 23, 2014 (Jordan)

The exports of apparel and clothing accessories fetched the highest amount of foreign exchange for Jordan in the first quarter of 2014, according to the data released by the Jordanian Department of Statistics.
From January to March 2014, Jordan exported garments and clothing accessories worth 198.011 million dinars (US$ 279.479 million), registering an increase of 13.59 percent over exports of 174.318 million dinars made during the corresponding period of last year.
Of this, knitted or crocheted apparel and clothing accessories’ exports earned 187.036 million dinars, showing a jump of 14.49 percent over exports totaling 163.359 million dinars made during the same period in 2013.
However, exports of non-knitted garments showed only a marginal increase of 0.14 percent year-on-year and contributed 10.975 million dinars during the period under review.
In March 2014, Jordan’s exports of garments and accessories surged by 16.99 percent to 64.923 million dinars, compared to exports of 55.492 million dinars achieved in the same month last year.
Of this, exports of knitted apparel and accessories soared by 18.4 percent to 61.8 million dinars, as against exports of 52.2 million dinars made in the corresponding month of last year.
In 2013, Jordan’s garment and accessories exports rose by 9.79 percent to 809.705 million over exports of 737.483 million dinars made in the previous year.
Last year, Jordan’s textile and clothing imports jumped by 18.12 percent to 895.428 million dinars, as against imports of 758.029 million dinars made in the previous year. Of this, imports of knitted or crocheted fabric were valued at 285.836 million dinars.
The textile and clothing sector in Jordan employs about 40,000 people, according to the Jordanian Society for the Export of Clothes and Textiles.

Fibre2fashion News Desk - India
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