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China & Bangladesh lead Asian textiles export growth
10 Jul '12
1 min read
Bangladesh and China have led the pack of four Asian countries – India, China, Pakistan and Bangladesh – in terms of increase in their textile and apparel exports since the end of the global textile quota regime.
Textile and apparel export growth was relatively slower in India and Pakistan compared to Bangladesh and China.
China exported textiles and clothing items worth US$ 95.13 billion in 2004-05, the last year of global textile quota regime. By 2010-11, China’s exports jumped to US$ 206.53 billion, showing a rise of 117.1 percent.
Bangladesh’s textiles and readymade garment (RMG) exports stood at US$ 6.42 billion in 2004-05, which surged by nearly 215 percent to US$ 20.221 billion in 2010-11.
Growing at a slower pace, India’s textiles and apparel exports swelled from US$ 13.51 billion in 2004-05 to US$ 23.31 billion in 2010-11, registering an increase of 72.54 percent.
During the same period, textiles and value-added textile exports from Pakistan leaped to US$ 13.80 billion from US$ 8.82 billion in 2004-05, thus posting a rise of 56.46 percent.
Fibre2fashion News Desk - India
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