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Garment export sees a major boost

23
Jun '08
During the first four months of the ongoing year, garment exports turnover of Thailand, reached US $1.064 billion, representing a year–on–year rise of 4.6 percent, according to official sources of Thailand Textile Institute.

US remained the largest client of Thai garment products, as the exports turnover to such giant market stood at $453.8 million. The figures demonstrated a growth of 0.04 percent on a yearly basis.

Other key consumers for made-in-Thailand garments include EU for $258.8 million, a rise by 12.7 percent over same period 2007; followed by Japan for $55.3 million, up 0.55 percent. At the same time export earnings from ASEAN countries reached $24.4 million, a boost of 10.91 percent.

China saw the strongest growth of such products, witnessed year–on–year escalation of 96.28 percent for $7.4 million.

Market analysts are quite happy to see this export growth for textile and apparel sector. According to them such development could be attributed to adoption of advanced technology in the production process. High quality and skillfully crafted products have further helped in acquiring a major market shares across the globe.

Fibre2fashion News Desk - Vietnam


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