Vietnam and India continue to experience growth in apparel exports

Vietnam: In the first half of the year, textile exports reached approximately $19.5 billion, with strong growth expected in the second half.

According to data from the Ministry of Industry and Trade of Vietnam, the country's textile exports in the first half of this year amounted to around $19.5 billion. This includes $16.3 billion in textile and garment exports, an increase of 3%; $2.16 billion in textile fibers, up 4.7%; and over $1 billion in raw materials and auxiliary materials, a growth of 11.1%. The textile industry aims to achieve an annual export target of $44 billion.

Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), stated that as major export markets are witnessing economic recovery and inflation seems to be under control, purchasing power is improving. As a result, many companies have orders for October and November and hope to achieve higher business volumes in the final months to meet the $44 billion export target for the year.

Pakistan: Textile exports grew by 18% in May.

According to data from the Pakistan Bureau of Statistics, textile exports in May reached $1.55 billion, representing an 18% year-on-year increase and a 26% month-on-month rise. In the first 11 months of the 2023/2024 fiscal year, Pakistan's textile and apparel exports totaled $15.24 billion, reflecting a 1.41% growth compared to the same period last year.

India: Textile and apparel exports grew by 4.08% from April to June.

From April to June 2024, India's textile and apparel exports increased by 4.08%, reaching $8.785 billion. Textile exports rose by 3.99%, while apparel exports grew by 4.20%. Despite this growth, the share of trade and procurement in India's total export value declined to 7.99%.

Cambodia: Textile and apparel exports surged by 22% from January to May.

According to the Ministry of Commerce of Cambodia, textile and apparel exports in the first five months of this year reached $3.628 billion, up 22% year-on-year. The data shows that Cambodia's foreign trade grew significantly from January to May, with a 12% year-on-year increase and a total trade value exceeding $21.6 billion, compared to $19.2 billion in the same period last year. During this period, Cambodia's exports were valued at $10.18 billion, up 10.8% year-on-year, while imports were valued at $11.4 billion, up 13.6% year-on-year.

Sri Lanka: Apparel and textile exports grew by 4.22% year-on-year in June.

According to the Sri Lanka Export Development Board (EDB), Sri Lanka's apparel and textile export revenue in June increased by 4.22% year-on-year, reaching $446.54 million, with exports to the United States growing by 13.28% year-on-year.

Uzbekistan and Turkey: Textile and apparel export situation remains challenging

Uzbekistan: Textile Exports Down 5.3% in the First Half of 2024

According to official statistics, in the first half of 2024, Uzbekistan exported $1.5 billion worth of textiles to 55 countries, a decrease of 5.3% year-on-year. The main components of these exports are finished products, accounting for 38.1% of the total textile exports, and yarn, accounting for 46.2%.

During this period, yarn exports amounted to $708.6 million, up from $658 million the previous year. However, finished textile product exports dropped from $662.6 million in 2023 to $584 million. Knit fabric exports totaled $114.1 million, compared to $173.9 million in 2023. Fabric exports were $75.1 million, down from $92.2 million the previous year, and sock exports were $20.5 million, down from $31.4 million in 2023.

Turkey: Apparel and Clothing Exports Down 14.6% from January to April 2024

In April 2024, Turkey's apparel and clothing exports decreased by 19% compared to the same period last year, reaching $1.1 billion. From January to April 2024, apparel and clothing exports declined by 14.6% year-on-year, totaling $5 billion. On the other hand, the textile and raw materials sector saw an 8% decrease in April compared to the previous year, amounting to $845 million, and a 3.6% decrease from January to April, totaling $3.8 billion. For the first four months of 2024, the apparel and accessories sector ranked fifth in Turkey’s overall exports, accounting for 6%, while the textile and raw materials sector ranked eighth, accounting for 4.5%. During this period, Turkey's textile exports to the Asian continent increased by 15%.

Regarding product categories, Turkey’s textile exports are led by woven fabrics, technical textiles, and yarn, followed by knitted fabrics, home textiles, fibers, and apparel sub-sectors. From January to April, the fiber category saw the largest increase at 5%, while the home textiles category experienced the most significant decline at 13%.

Bangladesh: Ready-Made Garment Exports to the US Down 12.31% in the First Five Months of 2024

According to data from the U.S. Department of Commerce's Office of Textiles and Apparel, Bangladesh’s ready-made garment exports to the U.S. decreased by 12.31% in the first five months of 2024, with export volumes falling by 622%. The data shows that Bangladesh's apparel exports to the U.S. dropped from $3.31 billion in the same period in 2023 to $2.90 billion in 2024.

Additionally, Bangladesh’s cotton apparel exports to the U.S. decreased by 9.56%, totaling $2.01 billion. Exports of apparel made from synthetic fibers fell by 21.85%, amounting to $750 million. The total U.S. apparel imports in the first five months of 2024 decreased by 6.0% to $29.62 billion, down from $31.51 billion in the same period of 2023.