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

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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

Yes No

Active Poll

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

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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

Active Poll

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

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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