According to US Census Bureau, exports from Cambodia to the US were $6.6 billion in 2020, which was 22.79% higher than that of last year. Q1 of this year saw total exports of $1.86 billion even amid stoppages.
Browsing: textile exports
The second wave of COVID-19 in India has adversely affected the textile sector in Tamil Nadu, especially when the export demand was high. Further, the textile hubs of Tiruppur and Coimbatore are worst affected.
Though plant sites are functional with a restricted occupancy level, 1QFY22 may not be a lost quarter, thanks to strong export markets, says Mahaveer Jain of India Ratings
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
The first four months of the current year have been profitable for Vietnam as there was an increase in the export of textile and garments. As per the Ministry of Industry and Trade, it has earned over $9.5 billion in Q1.
Thanks to new Free Trade Agreements and government-assisted trade promotions and market search, Vietnam’s textile exports turnover for Q1 of 2021 has seen a modest growth after last year’s dip because of the pandemic.
The re-emergence of the Southeast Asian garment industry, increasing labour cost and reluctance of clients to stock products are negatively affecting China’s fabric export volumes.