Imports of textile yarn, fabrics, and made-up articles (classified under code 65) also rose by 8.05 per cent, reaching Au$2.360 billion (~$1.482 billion) in the first six months of the current fiscal, compared to Au$2.184 billion in the same period last year. Conversely, fibre imports (classified under code 26) fell by 9 per cent to Au$58 million from Au$64 million during the period under review.
In December 2024, imports of apparel and clothing accessories increased by 29.45 per cent to Au$1.046 billion, up from Au$0.808 billion in December 2023. Imports of textile yarn, fabrics, made-up articles, and related products increased to Au$375 million in December 2024 from Au$309 million in December 2023. Fibre imports decreased to Au$8 million from Au$9 million in December 2023.
Meanwhile, Australia's exports of textile fibres (code 26) were valued at Au$3.916 billion (~$2.460 billion) during July-December 2024, marking a 12.66 per cent decrease from Au$4.484 billion in the corresponding period of the previous year. Exports in December 2024 fell by 25.93 per cent to Au$454 million, compared to Au$613 million in December 2023.
During fiscal 2023-24, Australia's apparel and clothing imports totalled Au$12.231 billion, a decline of 5.2 per cent from the Au$12.903 billion recorded in 2022-23. Similarly, imports of textile yarn and fabrics dropped by 9.40 per cent, from Au$4.825 billion in 2022-23 to Au$4.371 billion in 2023-24.
Australia exported textile fibres worth Au$7.053 billion in 2023-24, with a decline of 13.97 per cent from Au$8.199 billion in 2022-23. Notably, Australia is a significant producer and exporter of cotton.
Fibre2Fashion News Desk (KUL)