Home / Knowledge / News / Textiles / World textile trade takes a hit, exports and imports slump
World textile trade takes a hit, exports and imports slump
08
Sep '15
World export trade in textile and clothing declined by 7.32 per cent from $316.06 billion during Jan-May 2014 to $292.93 billion during Jan-May 2015, the Cotton Textiles Export Promotion Council (Texprocil) said in its Overview of Current Trade in Textiles & Clothing. The document cites figures from Global Trade Information Services, Inc. (GTIS) Geneva, a leading supplier of international merchandise trade data.

Amongst the top ten markets, Vietnam reported the highest growth of 10.04 per cent followed by Bangladesh reporting second highest growth rate of 2.17 per cent during Jan-May 2015. India reported a decline of 7.58 per cent with exports falling from $17.39 billion in Jan-May 2014 to $16.07 billion in Jan-May 2015 China being the largest exporter with $99.76 billion showed a decline of 3.91 per cent followed by Italy with 17.44 per cent.

Textiles and clothing import trade reported a decline of 7.37 per cent from $274.42 billion during Jan-May 2014 to $254.19 billion during Jan-May 2015. During the period Jan-May 2015, USA was the largest importer and recorded a growth of 3.99 per cent. In Europe, Germany, UK , France and Italy reported negative growth. Vietnam which ranked 8th on the list, recorded a growth of 2.39 per cent during Jan-May 2015. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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