According to the latest revisions to the UK government's Developing Countries Trading Scheme (DCTS), Sri Lanka has achieved a critical upgrade in its trade status.Effective January 1, 2026, all goods exported from Sri Lanka to the UK, including its pillar industries ofapparel and textiles, will enjoycomprehensive zero-tariff treatment. This policy is hailed by Sri Lanka's industry as a "historic opportunity," expected to drive significant growth in its exports to the UK. Previously, some Sri La

According to recent international market data, the Australian wool market has demonstrated a trend of active demand and price increases over the past week. Based on the latest Australian wool auction reports, theEastern Market Indicator (EMI)rose by1.8%during the most recent week. Among specific categories, fine Merino wool saw the most significant gains due to limited supply and steady demand. Several factors are driving the price increases. Firstly,export market demand remains strong, with

Amid shifting global trade dynamics and domestic industrial challenges, the Indonesian government recently announced an ambitious national industrial revitalization plan. The plan aims to transform the country's textile sector into a global manufacturing powerhouse, setting a grand target of increasing textile exports from the current approximately $4 billion to $40 billion within ten years. This strategy is viewed by the industry as a "decisive battle" for Indonesia to break free from its diffi

On January 22, it was reported from Fudan University that a technological breakthrough with the potential to revolutionize future clothing experiences has emerged. A team led by Peng Huisheng and Chen Peining at the university successfully developed a new type of fiber that is not only flexible and stretchable but, more importantly, incorporates high-density microcircuits within it, enabling advanced information processing capabilities. The findings, titled "Fibre-Integrated Circuit Based on a M

Recently, India's textile raw material market has drawn widespread attention, with polyester and viscose yarn prices showing a notable upward trend. Industry analysis points out that this fluctuation is primarily driven by two major factors: a weak rupee and tight supply chain conditions. From a currency perspective, the continued depreciation of the Indian rupee against the U.S. dollar has directly increased the cost of imported raw materials. India's chemical fiber industry relies partly on

Although facing the dual challenges of a global economic slowdown and structural adjustments, China's exports in 2026 are expected to demonstrate a new development trend. According to analyses by multiple authoritative institutions, while export growth rates may struggle to return to the double-digit highs of the past, their role as a "ballast stone" for the Chinese economy remains solid. Experts point out that China's exports are shifting from being "cyclically driven" to providing "structura

Since 2025, the global textile industry chain has continued to evolve amidst exchange rate fluctuations, supply-demand adjustments, and diverging regional trade patterns. The cotton textile sector presents a two-way dynamic: "cotton hitting bottom and rebounding, while apparel making a breakout against the trend." On one hand, China's cotton import volume and prices have gradually recovered after hitting lows, with supply sources showing a high degree of concentration. On the other hand, China's

Recently, China Huaju Parts Co., Ltd. formally signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to build a parts manufacturing plant in the BEPZA Economic Zone in Mirsarai, Chattogram. It is reported that the agreement involves an investment of approximately $16.34 million, marking a further step in the localization of Chinese manufacturing enterprises in Bangladesh. As an important economy in South Asia, Bangladesh’s export processing zones hav

Recent data released by the Joint Apparel Association Forum (JAAF) of Sri Lanka shows that the country's apparel export value reached $5.32 billion in 2025, surpassing the $5 billion mark for the first time. This represents an 8.7% increase compared to 2024 and sets the highest record since the inception of Sri Lanka's apparel industry in 1978. This achievement highlights Sri Lanka's success in upgrading its industrial value chain and achieving market diversification amid global supply chain adj

Latest data from the U.S. Department of Agriculture (USDA) shows that for the week ending January 15, U.S. cotton export sales reached 164,300 bales (480 pounds per bale), setting a new weekly record for the current marketing year. This represents a significant increase of 21% compared to the previous week, reflecting strong purchasing interest from global buyers, particularly in the Asian market. This week’s sales growth was primarily driven by major Asian textile-producing countries, i