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Shipments of T-shirts tops in basket of garment exports
29
Sep '08
Honduras is a signatory to the CAFTA-DR agreement, due to which it has free access to the biggest market on the globe: the US, though it has not been able to take advantage to the maximum of opportunities available to it.

Growth in shipments of apparels has been very nominal. Exports which stood at US $1.15 billion in the first six months of 2006, rose to just $1.18 billion in the corresponding period of 2007 to post a growth of a marginal 2.5 percent.

The current year's scenario for the same period is also is not so worthy of note. Shipments have grown to $1.22 billion and have been able to generate a growth of 3.02 percent in comparison to figures of January-June 2007.

Within the six month period, three months February, April and June have recorded positive growth rates while on the other hand the months of January, March and may witnessed negative growth rates.

The month with the highest growth rate has been the month of April which witnessed a growth of 16.41 percent. Exports for that month climbed to $213.5 million from $183.4 million in the same month of last year.

One thing that comes across while delving through the statistics is that units (Number of garments) shipped is going up at a very healthy percentage. While in 2006, exports stood at 66,193,901 dozens, the same ascended to 71,384,902 dozens in the first six months to gain by 7.84 percent.

It was more exceptional in the first six months of the current year. Shipments jumped to 80,497,871 dozens to post a growth of an amazing 12.77 percent. If a comparison in value wise and volume wise is done, it would be safe to conclude that price realization per unit is going down with each passing year.

Exports of T-shirts stand first in terms of volume with 288,182,056 dozens. Socks with 207,091,559 dozens and undergarments with 203,147,203 dozens came in third in the period under review.

Majority of Honduran garment export is dependent on the US for its existence and it has also emerged as the biggest exporter to the US with a near 1/3rd share of all exports from amongst countries signatories to the CAFTA-DR agreement.

Click here to view detailed statistics.

Fibre2fashion News Desk - India

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