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Thai textile & clothing exports' downtrend continues

20 Jul '15
2 min read

Continuing the downward trend, the exports of textile and clothing from the Southeast Asian nation of Thailand declined by 7.13 per cent to $2.836 billion in the first five months of 2015, compared to $3.053 billion earnings in comparable period last year, data from the Thai Garment Manufacturers Association showed.
 
Segment-wise, textile exports dropped by7.16 per cent year-on-year to $1.745 billion, while garment exports decreased by 7.09 per cent to $1.091 billion during the five-month period, according to the association.
 
In the textile category, woven fabric exports fetched $595.09 million, followed by yarn and man-made filaments with $322.68 million and synthetic filament and staple fibres with $296.87 million.
 
Similarly, among apparel, man-made fibre garment exports were valued at $342.69 million, followed by cotton garments at $287.21 million, and garments of other textile materials at $221.85 million.
 
In terms of major destinations of Thai garment exports, the US led the pack with $372.52 million, whereas the 28-member EU accounted for $240.89 million, Japan $152.15 million, Asean(9) $62.51 million, and China (including Hong Kong) $57.41 million.
 
Thai clothing exports to the EU saw maximum drop of 15.46 per cent during the period under review, mainly due to the country losing import-duty privileges from this year.
 
In 2014, Thai textile exports dropped marginally by 0.14 per cent year-on-year to $4.602 billion, while garment exports decreased by 0.57 per cent to $2.857 billion. (RKS)
 

Fibre2Fashion News Desk - India

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