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Newsletter: October 2002 Textile
Trade Performance by Country
South
East Asia INDONESIA: Garment Exports
To Key Markets Plunge In H1 Indonesia's
textile and garment exports dropped in three of its key markets in the first
half of this year as buyers began to cut their orders in favour of rival
producers such as China. Exports to the US plunged to $902 million from
$1.1 billion in the year-ago period, with EU exports down to $471m from
$583m and Canadian exports down to $33m from $47m in 2001. The decline reflected the problems faced by the
nation’s textile industry, particularly increased worldwide competition. Textile
association API
warned the industry would "collapse" in 2005 unless the government
takes urgent action to help scores of clothing companies that employ tens of
thousands of workers. THE
PHILIPPINES: Garment/Textile Exports Slip 9% Garment and textile exports from the Philippines
plunged nearly 9% year-on-year in the first eight months of 2002 to $1.9
billion. Exports
to the key US market slumped 11.9 % to $1.4bn but exports to the EU rose
about 4% to $220.6 million. However, there was an improvement over July's results when exports fell almost 10%
year-on-year. Clothing and textile exports to non-traditional
markets including South Korea and China surged 332% and 121%, respectively,
which more than offset falls to leading non-quota markets such as Japan and
the UAE. VIETNAM: Garment Exports Surge To
$1.9bn Vietnam's garment exports have soared 23%
year-on-year to $1.88 billion in the first nine months of 2002 on the back
of a flood of orders from major international apparel firms.
The surge
were attributed to foreign firms relocating in Vietnam in order to take advantage of its cheap
and plentiful workforce and lower utility costs. However,
officials warned
the nation's textile manufacturers they need to improve the quality of their
products. CAMBODIA:
Garment Exports To US & EU Surge West
Asia TAIWAN:
Textile Exports Slip In August Taiwan's textile exports slipped 2.6%
year-on-year to just over $1 billion in August. Customs
data showed yarn and fabric exports were flat at $698 million, while garment
exports plunged 15.5 % to $172m and exports of textile goods rose 4.8 %. For
the first eight months of this year total textile exports were down 7.3% at
$8bn with garment exports down 16.8% at $1.2bn and yarn and fabric exports
down 7.2% at $6.2bn. North
West Asia SOUTH KOREA: Textile Exports
Jump In July Textile
exports rose 6.4% in July, the first monthly increase for almost two years. The country’s
monthly textile exports grew to almost $1.5 billion having fallen or been
flat since October 2000. Synthetic textile exports jumped 33%, yarn exports 31%, nylon
yarn exports 80% and fabric exports 10%. However clothing exports fell
almost 5%. MONGOLIAN performance Mongolia produced
and exported 16.2 million items of knitwear worth US64.3 million in 2001. Of
all clothing and knitwear factories operating in Mongolia, domestic
entrepreneurs have established 39.3% with direct foreign investment and
46.8% as joint ventures. Chinese companies own 35% of foreign invested
clothing ventures, 23.7% by South Korean companies and 13.7% by companies
based in Hong Kong. Middle
Asia NEPAL:
Garment Exports Upsurge By 49% To USA The garment industry, the
largest exportable manufacturer of Nepal, recorded a recovery in its exports
for the first time after a series of downfall since July 2001.One of the
hardest hit sectors of the national economy, readymade garments, recorded an
upsurge by 49% in its exports to the United States in August as compared to
the figures of the same month of the last year. The United States is the
largest market of the Nepali garment items, consuming some 85% of the total
exports. During
the first eight months this year, readymade garment worth US $ 62.07 million
was exported to the US, while the figure was US $ 108.32 million
during the corresponding period last year. While the export to EU in August
stood at US $ 1.49 million, it was US $ 1.08 million in the same month last
year. Garment
exports to Canada during the first eight months of this year plunged by some
79% valued at US $ 0.27 million. South
Asia SRI LANKA:
August Textile/Garment Exports Reach $339m
Sri
Lanka's textile and garment export earnings soared 47% in August from the
year-ago period on the back of higher orders from the EU and North America.
Earnings from textile and garment exports jumped to $339 million in August,
highest level for almost two years which helped the country post a trade
surplus. The increase in textile and garment exports was largely due to the
higher demand from the US, UK , Canada and Germany. INDIA: Garment Exports Surge 20% In July According to data revealed, Indian exports of
ready-made garment to quota countries surged 20% in July in value terms to
$379 million with exports to the US up more than 50% in terms of quantity. In July ready-made clothing exports climbed
15.4% in quantity terms to 93.6 million pieces, despite a 16% fall in
exports to Canada. Exports
to the EU rose 3.4% in terms of quantity and 22.7% in value terms in July,
with exports in the first four months of 2002 up around 9% in both terms to
376.6 million pieces worth $1.4 billion. BANGLADESH:
Garment Exports Plunge, 300,000 Jobs Axed Clothing exports fell 5.7% to $4.58 billion in the year to June compared to
the year-ago period amid the global economic slowdown and increased
competition from rival apparel-making countries. This is the first fall in
Bangladeshi garment export in more than 20 years. EU
was its biggest customer with a 52.7% slice of the market, followed by the
US with a 40 % share. The slump in export orders has led to 300,000 garment
workers losing their jobs as more than 1,000 garment plants have been forced
to close down in the past year. PAKISTAN:
Value Added Textile Exports Jump 20%
Pakistan
revealed a 20.7% year-on-year jump to $1.69 billion in exports of value
added textiles to quota countries in the first nine months of 2002..
In quantity terms, exports to the US, EU and Turkey all increased but
there was a fall in exports to Canada in terms of quantity and value. Europe TURKEY:
Fall In Regional Exports Of Knitted Goods Exports of knitted textiles from Turkey's South-Eastern Anatolia Project fell to $21.5 million in
the first half from $26.8m in the year-ago period. The main destinations for
those knitted items were the US, Greece, Belgium, France and Israel.
Latin
America MEXICO: Textile Industry
On The Road To Recovery Mexico's textile industry lost 32,000 workers in
2001 but it is now on the road to recovery with more than 8,000 jobs created
in the first half of this year and brighter times just around the corner.
Although second quarter textile output fell 2.9%
from the year-ago period, output was higher than the previous two quarters. The sector now employs almost 160,000 people and
textile sales to Mexican apparel exporters jumped 20% in the first half of
2002 to $836 million, although total textile exports slipped 1.6% to $2
billion. Apparel exports to the US fell 4.7% in the first
half but increased shipments to nations such as Barbados and the Dominican
Republic helped offset that slide which was blamed on the economic impact of
September 11. However, the country's 2,000 textile and garment
enterprises would only be able to survive fierce competition from major
Asian rivals such as China and Vietnam by cutting costs and upgrading
technology. The officials also called on the authorities to crackdown on counterfeiters and producers of fake apparel which cost the industry $10m a year as well as firms which dodge import quotas and customs duties. |