According to the latest data released by the General Administration of Customs on July 13, in U.S. dollars, my country’s total textile and apparel exports in the first half of the year fell to 142.68 billion U.S. dollars, a year-on-year decrease of 8.3%. The overall performance was not as good as the national export of goods trade. Textile and apparel exports in June saw another double-digit decline year-on-year after May, with a decline of 14.3%. Under the current situation of shrinking demand in key markets and outflow of orders, textile and apparel exports are facing a difficult climbing stage.
Against the background of the continued conflict between Russia and Ukraine, the tightening of the international financial environment, the weakening of terminal demand in major developed economies in the United States and Europe, and stubborn inflation, global economic growth has slowed significantly, and trade improvement has become even more sluggish. Other textile and apparel exports What about the performance of big countries?
The situation of textile and clothing exports in many countries is grim
Vietnam
Textile and apparel exports fell sharply
In the first half of 2023, Vietnam’s clothing exports experienced a sharp decline. According to data from the Vietnam Textile and Apparel Association, Vietnam’s textile and apparel exports in the first half of this year were US$18.6 billion, a year-on-year decrease of 17.6%, with most of the decline coming from apparel exports. The year-on-year decrease in the first five months of this year was 15.6%.
Like other apparel exporting countries, the main reason for the decline in Vietnam’s textile and apparel exports is the decrease in orders from the EU market. In addition, in the first five months of this year, the quantity and value of clothing imported by the United States from Vietnam decreased by 33.5% and 28.1% respectively year-on-year. Vietnam’s market share of U.S. apparel imports dropped to 15.8% in terms of volume and 17.4% in terms of value.
Exports of the apparel industry fell by 19% in the first half of the year
Against the backdrop of the global economic recession, Cambodia’s garment industry exports have continued to decline, resulting in a large number of factory shutdowns and worker layoffs. In the past two months, the number of Cambodian garment factories that have suspended production has increased to 40, involving nearly 20,000 unemployed workers. According to data from the General Administration of Customs of Cambodia, in the first half of this year, the total export value of Cambodia’s garment industry reached US$3.727 billion, a year-on-year decrease of 19%.
By category, in the first half of the year, Cambodia’s exports of knitted and apparel products reached US$2.477 billion, down 21.5% from US$3.157 billion in the same period last year; exports of non-knitted clothing reached US$1.176 billion, down from US$1.352 billion in the same period last year. US dollars, a decrease of 13%; other textile exports were US$74.69 million, a year-on-year decrease of 22.1%. In addition, the export of footwear products was US$700 million, a decrease of 17.2% from US$8.46 in the same period last year.
India
Exports of yarn, fabrics and clothing decreased by 18.7% from January to May
Since the beginning of this year, India’s textile and apparel exports have continued to decline. Data from the Indian Ministry of Industry and Commerce show that India’s exports of various yarns, fabrics, finished products and clothing to the world from January to May totaled US$14.12 billion, a year-on-year decrease of 18.7%. Among them, the export value of cotton textiles and linen products has fallen sharply. The export value from January to May was US$4.58 billion and US$160 million respectively, a year-on-year decrease of 26.1% and 31.3% respectively; the export value of clothing, carpets and chemical fiber textiles were respectively Decreases of 13.7%, 22.2% and 13.9%.
In the just-concluded fiscal year 2022-23 (April 2022 to March 2023), India’s total exports of textile and apparel products to the world were US$33.9 billion, a year-on-year decrease of 13.6%, of which the export value of cotton textiles was only US$10.95 billion. , a year-on-year decrease of 28.5%; the scale of clothing exports was relatively stable, and the export value increased slightly by 1.1% year-on-year.
pakistan
Textile and apparel exports fell by 14.59% this fiscal year
In the 2022/23 fiscal year (July 2022-June 2023), Pakistan’s exports of textiles and clothing reached US$16.503 billion, a year-on-year decrease of 14.59%; exports of cotton yarn were 267,800 tons, a year-on-year decrease of 19.38%; exports of cotton cloth were 352 million tons, a year-on-year decrease 18.04%. In June alone, Pakistan’s exports of textiles and clothing reached US$1.472 billion, an increase of 11.47% month-on-month and a year-on-year decrease of 13.72%.
Türkiye
Textile and clothing exports decreased by 5.4% from January to May
The scale of Türkiye’s textile and apparel exports has shrunk. According to data from the Turkish Statistics Institute, Turkey exported textiles and clothing to the world from January to May totaling US$13.59 billion, a year-on-year decrease of 5.4%. Among them, the export value of yarn, fabrics and finished products was US$5.52 billion, a year-on-year decrease of 11.4%; the export value of clothing and clothing accessories was US$8.07 billion, a year-on-year decrease of 0.8%.
USA
Textile and clothing exports fell 3.75% year-on-year from January to May
According to data from the U.S. Office of Textiles and Apparel (OTEXA), U.S. textile and apparel exports fell 3.75% year-on-year to $9.907 billion in the first five months of this year, while exports in the same period last year were $10.292 billion. In terms of categories, clothing exports from January to May increased by 4.35% year-on-year to US$3.005 billion, while fabric exports decreased by 4.68% year-on-year to US$3.554 billion. The export value of yarn, manufactured products and other products fell by 7.67% to US$1.760 billion and down by 10.71% to US$1.588 billion respectively.
Bangladesh bucks trend and grows
Data released by the Export Promotion Bureau of Bangladesh (EPB) on Sunday showed that Bangladesh’s merchandise exports increased by 26% to US$4.85 billion in May this year, compared with US$3.83 billion in the same period last year. After two consecutive months of negative growth, export revenue increased significantly in May, mainly driven by a sharp increase in apparel exports.
In May this year, the apparel industry’s export revenue increased by 28.3% to US$4.05 billion, compared with US$3.16 billion in May 2022. Of the total garment export revenue in May this year, the knitwear industry accounted for 2.33 billion� yuan, while the woven industry contributed US$ 1.94 billion.
Exporters attributed the strong growth in the garment sector to the Eid holiday which delayed April shipments to May. However, other industries have been struggling due to falling demand in key markets coupled with a global economic slowdown.
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