Cambodia's apparel exports soared by 25.85 per cent to $8.94 billion in the first eleven months of this year, accounting for over a third of the nation's total foreign income. Growth in both knitted
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Cambodia is on track to graduate from its status as a LDC by 2027, which will alter its economic landscape significantly, especially in the textile trade. The transition is likely to have a grave impact
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India and Norway are expanding their economic ties, with recent discussions on cross-sector growth at a ministerial meeting in Mumbai. Although India remains a key textile supplier, its share in Norway's
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In October 2024, the UK saw a rise in clothing imports to £1.595 billion (~$2.015 billion), a 6.90 per cent increase year-on-year, while textile fabric imports slightly grew. Over the third quarter,
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In October 2024, the UK's clothing exports fell by 6.09 per cent year-on-year to £308 million (~$389.16 million), despite a monthly rise from £249 million. Textile fabric exports grew by 3.82 per cent
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The FTA approved by South Korea's Parliament may boost apparel imports from the Philippines, which currently holds a negligible share. In January-October 2024, South Korea imported $10.513 billion of
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In fiscal 2025, Japan experienced a decrease in imports of clothing and accessories by 1.7 per cent, with similar declines in textile yarn and fabric. However, exports in these sectors showed growth,
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Political instability in Bangladesh has negatively impacted its position in US apparel market. Despite remaining the third-largest supplier, the turmoil has led to a noticeable decline in market share
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In November 2024, South Korea's apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October. Over the year, total imports
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Bangladesh's ready-made garment (RMG) exports surged 12.34 per cent to $16.117 billion in July-November 2024, compared to $14.346 billion in the same period of 2023. Woven apparel exports grew 12.48
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The UK imported $675.455 million worth of garments from Cambodia in January-September 2024, with unisex garments dominating at 40.30 per cent ($272.241 million). Knitwear accounted for 74.10 per cent
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Egypt is emerging as a key player in the African garment export market, achieving $2.27 billion in apparel exports during January–October 2024, a 17 per cent growth year-on-year. The US, its largest
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Turkiye's apparel exports to Africa fell to $403.931 million in January–October 2024, making up 2.96 per cent of its total exports of $13.665 billion. Africa's share has declined from 4.41 per cent in
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India-EU FTA negotiations continue, promising benefits for Indian apparel exports, especially cotton products. Potential trade creation could reach $161.14 million for cotton T-shirts alone. EU consumers
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In 2024, Sri Lanka saw a 5.2 per cent increase in garment exports, reaching $4,244.3 million in the first eleven months, despite a 13.6 per cent decline in textile exports. The overall industrial exports
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India-EU FTA could boost India's apparel exports by reducing tariffs to zero, enhancing competitiveness particularly in non-knit items (HS Code 62).Competitors like Bangladesh and China may lose market
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Global demand for winter apparel like coats increased post-COVID-19. Global coat export trends suggest that exports in 2023 reached $46.43 million, demonstrating robust market engagement. Asia and
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Turkiye's apparel exports fell by 3.96 per cent YoY to $16.23 billion in January–November 2024 but rose by 8.02 per cent in November to $1.48 billion. Knitted apparel dropped by 1.1 per cent, and non-knitted
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The average price of Sri Lankan apparel exports declined in the first ten months of 2024 compared to 2023, despite a previous upward trend. Cambodian apparel exports also saw a price decrease. Meanwhile,
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From July to December 2024, Bangladesh's ready-made garment exports rose by 13.28 per cent to $19.887 billion. Growth was led by woven and knitwear garments, with notable increases in home textile and
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In the first ten months of 2024, Turkiye's apparel imports from Africa increased by 15.82 per cent to $366.611 million, while its exports to the continent fell by 26.82 per cent to $401.259 million. Despite
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Macy's, Inc has appointed Robert Chavez, former CEO of Hermès Americas, to its board of directors, effective April 1, 2025. With over 45 years in luxury retail, Chavez brings...
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Gildan Activewear has been included in the Dow Jones Sustainability North America Index for the 12th consecutive year, ranking in the 98th percentile of the Textiles, Apparel,...
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Adidas partners with Mercedes-AMG PETRONAS F1 Team in a multi-year deal, marking its entry into Formula 1. The collaboration will deliver high-performance team kits and...
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Mexico has increased textiles and apparel tariffs to 35 per cent (apparel) and 15 per cent (textiles) from December 2024 to April 2026 to counter unfair competition and support its domestic industry. This
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