Interviews
Textile exports to US on recovery path
18 May '10
1 min read
After dwindling for several months, due to world economic meltdown, textile exports to US are again on a path to revival, registering a growth in February and March.
In March, the textile and garment exports to US that account for more than a quarter of deliveries made by the industry, increased by 8.3 percent Year-on-Year (Y-o-Y) amounting to $487.8 million.
More so, as per data revealed from the US-Department of Commerce, in February the overseas sales rose by 7.7 percent Y-o-Y reaching $443.5 million.
However, garment exports to US in March recorded a modest 2.8 percent growth registering $315.1 million. Although, demands have started increasing in the US, bookings are quite normal and the trade enquiries have also been quite good.
All sectors of the industry are witnessing improvement with order books getting filled after nearly two years of slump period. While the recovery is being witnessed in both local and global markets, 2011 fiscal hopefully will be better for the industry.
In March, the textile and garment exports to US that account for more than a quarter of deliveries made by the industry, increased by 8.3 percent Year-on-Year (Y-o-Y) amounting to $487.8 million.
More so, as per data revealed from the US-Department of Commerce, in February the overseas sales rose by 7.7 percent Y-o-Y reaching $443.5 million.
However, garment exports to US in March recorded a modest 2.8 percent growth registering $315.1 million. Although, demands have started increasing in the US, bookings are quite normal and the trade enquiries have also been quite good.
All sectors of the industry are witnessing improvement with order books getting filled after nearly two years of slump period. While the recovery is being witnessed in both local and global markets, 2011 fiscal hopefully will be better for the industry.
Fibre2Fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Jason Kent
British Textile Machinery Association (BTMA)
Yohan Lawrence
Joint Apparel Association Forum (JAAFSL)
Ashish Saraf
Technocraft Industries (I) Ltd
Daniela Brunner
Label - Guilia & Romeo
Alex and Zofia Torun-Shaw
Brand - Laird Utility
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
