Home / Knowledge / News / Textiles / Exports of textile to US surge 12.4%
Exports of textile to US surge 12.4%
22
Apr '08
According to data from the Department of Commerce of the United States, El Salvador registered an annual growth in export values in his bid textiles to the United States to 5.1% in 2007 and experienced a surge of 12.4% from January to February of this year in relation to same period last year.

China, by contrast (dominant country in this industry globally) for the first time since the abolition of quotas on textile trade, experienced a negative change in their clothing exports to the United States between the period January-February 2008 , said the Minister of Economy, Yolanda de Gavidia.

Some of the key factors that have diminished the relative competitiveness of the Asian country were: the appreciation of the yuan and the rapid increase in production costs, including costs and labor shortages, ironically factors given by the same economic boom, the official explained.

He added that in the case of El Salvador, following its dollarization, the country goes hand in hand with the depreciation of the dollar, which represents advantages in export.

Another point in favour, is the entry into force of the FTA with the United States (CAFTA-DR by its initials in English) and expanding accumulation of inputs (cloth) that give rise, especially from other partner countries, such as Mexico.

It is noteworthy that the total imports of garments have experienced a slight decline in recent months in the United States, coinciding with the economic slowdown that prevails in this country, but El Salvador has been positioned in market segments in which it have enabled a gradual recovery of its market share, considered the Minister for Gavidia.

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search