The garment and textile sector has set an export target of US$18.5-19 billion in 2013, said Le Tien Truong, Deputy Director General of Vietnam National Textile and Garment Group (Vinatex), at a press briefing recently. Vinatex will follow a strategy of fast growth, high efficiency, and suitable usage of investment capital in 2013, Truong said. The garment and textile sector earned $17.2 billion in revenue from exports last year. Vietnamese made garments are on the list

Pakistan had to slow down on its high quality apparel exports, maybe due to the high quality apparel exports in Sri Lanka. According to foreign reports, with the power and energy expenses increasing alarmingly in Pakistan, apparel importers are looking towards Sri Lanka, India and Bangladesh for their future export orders. According to reports, Pakistan had not been able to make ends meet with their export orders which had left European importers in an awkward position. According to repo

Woven garment exports grew by nearly 12 per cent in the first half of the current fiscal year, helped by a shift in orders from China, exporters said. Woven garment exports rose to $4.971bn during the six months from July to December, up from $4.457bn in the same period of the previous year. Knitwear accounted for $4.976bn, a rise of 3.85 per cent, according to statistics from the state-run Export Promotion Bureau (EPB). Knitwear exports moved into positive growth in October, amid signs th

Country's denim sector is flourishing thanks to increasing orders from global buyers turning from countries like China and Turkey to Bangladesh. Competitive price range with better quality products help increase the orders of denim goods, industry insiders said. "Export orders for denim are on the rise in the country. The product's export growth marked a double digit in last one year, because more and more buyers are coming here for denim goods, thanks to low labour costs and better quality",

Japan will likely surpass the European Union (EU) to become the second largest importer of Vietnam’s textile-garment products in 2013, according to the Vietnam Textile and Apparel Association (VITAS). As per a forecast of VITAS issued last Saturday, Vietnam’s textile-garment exports to Japan will continue to rise nearly 18% this year with a turnover of over US$2.37 billion. Last year, Vietnam exported US$2 billion worth of textile-garment products to Japan, a growth of 17% from 2011. As su

Taiwan posted a garment trade surplus of US$8.5 billion in 2012, down 7.1 percent from the year-earlier level of US$9.15 billion, the Taiwan Textile Federation said yesterday. Garment exports fell 7 percent last year to US$11.82 billion, from US$12.72 billion in 2011, the textile promotion organization said, citing statistics from the Ministry of Finance. Garment imports totaled US$3.32 billion in 2012, also down 7 percent from US$3.57 billion the year before, the federation said. Source: C

Energy crisis is directly affecting the cotton and cotton yarn exports as exporters are unable to ensure timely delivery of goods. Industry sources said that default by Pakistani textile mills in fulfilling and timely delivery of yarn export orders was gradually increasing mainly due to continued electricity load shedding and gas shortage. They said the delay in export of goods by Pakistani exporters had provided some opportunities to India and now leading importing countries like China, Bangl

Cotton production for 2012/13 is estimated at 33.5 million bales (7.3 million tons), up 2.0 million, or six per cent, from last month and up one per cent from last year. The estimated output is slightly below the 5-year average and well below the record set in 2007/08 (37.0 million bales). The estimated area of 5.2 million hectares is up 4 per cent this month but down 4 per cent from last year. Yield is estimated at 1,403 kilograms per hectare, up 2 per cent from last month and up 5 per cent

Cotton prices rallied to a 12-week high as doubts about future Chinese demand for the fiber eased. China, which is expected to have almost half of the world's supply of cotton in its warehouses by July, began selling from its reserves to domestic mills this week. Traders had feared the auctions would crush demand for imported cotton. But the auction results showed tepid demand, with less than 70% of the cotton on offer sold in the first two days. Analysts said the mills weren't impressed by th

The year 2013 is not off to a promising start for Pakistan's textile exports as volume of textile export orders have dropped by 60 percent as compared to last year in world's renowned Heimtextil exhibition in Germany last week. Pakistani Textile exporters attracted lukewarm response wherein foreign buyers were seen reluctant to place export orders because of delays on time materialisation of previous commitments, said Asghar Ali, Chairman and Muhammad Asif Vice Chairman Pakistan Textile Export