Home / Knowledge / News / Apparel/Garments / Clothing exports may overachieve 2010 targets
Clothing exports may overachieve 2010 targets
03
Sep '10
In the first eight months of 2010, exports from the textile and garment sector touched US $6.9 billion, up 17.8 percent over the same period of the previous year. Exports from the sector reached a record high of over $1 billion in the month of August 2010, according to data released by the Vietnam Textile and Apparel Association (VITAS).

Shipments to the US continued to stay at the top at $4 billion, an increase of 20 percent, followed by Japan with a growth of 15 percent, South Korea an astounding 80 percent. Exports to the European Union, which is the second biggest market grew by just around 10 percent, while those to ASEAN bloc countries ascended by 17 percent, year on year.

Most of the textile and garment exporters have their order positions filled up for the rest of 2010, while a few have received export orders, even for the next year. Experts are of the opinion, that at the rate at which exports from the sector are ascending, they would not be surprised if they over-achieve the target of $10.5 billion set for 2010.

This reasoning comes from the fact that, that the next three months are the busiest seasons as retailers across the globe stock up for Christmas as well as the New Year.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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