Home / Knowledge / News / Textiles / Import of textile machinery increases in July
Import of textile machinery increases in July
01
Oct '08
According to recently released statistics by General Statistics, in July this year, the imports turnover of machine and equipment serving textile and garment industry reached almost US $30.1 million. This shows a significant rise of 36 percent when compared to June 2008.

The import value of machines and equipment meant for knitting industry accounted for more than 50 percent of the total import value.

The import of industrial sewing machines valued at almost $9.2 million, showing a boost of 14 percent when compared to previous month.

The strong growth was seen from all markets supplying to Vietnam including Italy that displayed a year-on-year hike of 4,528 percent. Japan, Hong Kong, China also showcased a significant increase of 208 percent, 189 percent and 6 percent respectively.

Several enterprises also imported machinery from new markets that includes Korea, Netherlands, Taiwan, Singapore, Spain and Nicaragua.

In the first seven months of 2008, Vietnam spent nearly $197 million for the import of machines and equipments serving textile and garment industry.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Textiles | On 25th Jul 2017

Pakistan’s textile exports stay stable in FY17

The value of textile and garment exports made by Pakistan increased...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

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,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

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

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