Home / Knowledge / News / Apparel/Garments / Exports of clothing plunges in Jan-June 2009
Exports of clothing plunges in Jan-June 2009
17
Aug '09
The Ministry of Commerce released latest statistics pertaining to exports from the textile, apparel and footwear sector. According to the reports shipments in the first six months of 2009, fell 18 percent year-on-year to US $1.27 billion.

Shipments to its biggest customer; US declined by 30 percent, to Canada by 13 percent and to the European Union was down by 5 percent.

Commenting on the figures, the Trade Preferences Systems Department said that a rebound was expected in the second half of 2009, but would not able to put a value to that figure, since economic conditions are yet to improve.

Experts, though state that things have improved since the second quarter of the year and add that negative export growth is narrowing with each passing month since April. Negative growth in the first quarter recorded 26.41 percent.

In the month of March alone, exports of textiles and apparels had fallen by 38 percent year-on-year, to $163.4 million. Experts aver that there are many factors responsible for the slowdown in exports from the country.

They point out to the number of strikes which have taken place in the garment factories, and say that this is the main reason keeping buyers away, other than the economic crisis. High cost of production is also considered one of the reasons.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 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

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

Yes No

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

Yes No

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


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



X