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Fabric export intensifies in Q1

26
May '08
According to Thailand Textile Institute, in the first quarter of 2008, the textile and garment industry reaped nearly US$ 298.2 million from exporting fabric products. It shows a significant increase of 4.8 percent when compared to same period of 2007.

From the total amount earned, man made fibre fabric contributed almost $162.7 million, up by 9 percent over corresponding period of 2007. However, export of cotton woven fabric witnessed a drop of 4 percent and reached $107.3 million.

The silk woven fabric maintained stability in exports and gained $3.6 million, when compared to same period of 2007. Other varieties of fabrics brought nearly $24.5 million in the country, showcasing a year-on-year rise of 23.1 percent.

Among all overseas buyers, South East Asia turned out to be biggest revenue generator for Thailand. The nation earned approximately $85.7 million, showing a yearly growth of 6.72 percent. EU came at second position by ordering fabrics worth nearly $39 million, observing a decline of 6.92 percent, when compared to Q1 of 2007.

Demand from China earned $17.2 million for Thailand, a boost of 20.28 percent, United States ordered fabric worth around $12.5 million, hike of 11.61 percent, and export to Japan brought $8.9 million, a significant rise of 14.1 percent, compared to Q1 of last year.

Fibre2fashion News Desk - Vietnam


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