Textile and apparel exports from Portugal continued to show growth trend, with earnings of €3.9 billion January-October 2014, an increase of 9.2 per cent over the same period in 2013, according to the Textile and Clothing Association of Portugal (ATP).
During the ten-month period, Portugal’s garment exports grew by 11.3 per cent year-on-year to €2.340 billion, whereas textile exports increased by 7.6 per cent to €1.006 billion, and home textiles and other textile made-ups by 3.4 per cent to €540.078 million.
In October 2014, Portuguese textile and clothing exports fetched €416 million, up 7.2 per cent compared to October 2013, and an increase of 22.2 per cent over September 2014.
October was the second-best month in 2014, after July when textile and garment exports earned €463 million for Portugal.
During January-October 2014, Spain was the main destination for Portuguese textile and garments with a share of 31.7 per cent, followed by France with 13.7 per cent, the UK with 9.2 per cent, Germany with 8.4 per cent, and the US with 4.7 per cent.
Textile and clothing exports accounted for 10 per cent of total Portuguese exports during the ten-month period.
From January to October 2014, Portugal imported €2.991 billion of textiles and apparel, registering an increase of 7.6 per cent over imports of €2.779 billion in the corresponding period of 2013. Of this, textiles (excluding home textiles) contributed €1.361 billion, while apparel exports €1.469 billion, and home textiles and other textile made-ups €160.090 million.
The textile and apparel sector in Portugal employs about 155,000 people, and in 2013, the sector’s exports increased by 3.5 per cent year-on-year to €4.3 billion. (RKS)
Fibre2fashion News Desk - India