According to the newly published World Trade Statistical Review 2017 by the World Trade Organization (WTO), the current dollar value of world textiles and apparel exports by top ten countries totalled US$ 246 billion and US$ 384 billion respectively in 2016, decreasing by US$ 22 billion and US$ 3 billion respectively from a previous year. China remained the top exporter of textiles in 2016, with a 37% share of world exports, even though its exports declined by 3%. The next biggest exporters w

Kern-Liebers Textile, a leading Germany based producer of a range of high quality parts and components for high-performance knitting systems for the textiles industry, offers needles for virtually all machines, which are used for the production of socks. The needles from Kern-Liebers meet the OEM specifications of the global market leader Lonati. All components have in common: highest quality, long service life and cost effectiveness They fulfil highest demands in terms of quality, are highly

Pakistan's Punjab provincial government, with the assistance of US firm Monsanto, is to introduce new climate-smart and high-yield cotton seed varieties, aiming to increase the per-hectare yield in the province. However, the country’s textile industry and farmers’ representatives are concerned that this and other initiatives will only make a difference if government officials work harder to ensure new seed is delivered to growers. Dr Sagheer Ahmad, director of the Punjab government-run cotton

Vietnam’s garments and textile industry is approaching the export target of US$31 billion set for this year. Economists predict the sector will continue to prosper next year. In 2016 and early 2017, orders from Vietnam’s partner countries fell sharply. In response, domestic garment and textile enterprises have increased their investment in improved production systems, designed more competitive products, and sought new markets. As a result, by the end of the third quarter the sector had ear

Experts and trade leaders on Thursday demanded the same facilities including bonded warehouse scheme the readymade garment sector now enjoy for all other sectors to facilitate export diversification and boost economic growth of the country. Non-RMG exports ranged between $5 billion and $7 billion a year during 2013-17 but effective special bonded warehouse could have boosted the exports by $1.5 billion a year, they said. At a roundtable discussion on modernisation of SBW scheme to ensure e

Australia's economy grew 0.6 percent in the third-quarter, as business investment lifted despite weak household spending, reflecting the divergence between the two segments, official data showed Wednesday. The quarterly expansion took the annual rate of growth to a healthy 2.8 percent, slightly below expectations but broadly in line with the central bank's forecasts, the Australian Bureau of Statistics (ABS) figures showed. "The solid 0.6 percent growth outcome in the September quarter nat

Walmart has become part of the Cotton Leads programme, supporting responsible production practices by cotton growers. Walmart joins more than 480 companies worldwide which recognise the environmental gains cotton growers in Australia and the US are achieving and their commitment to meet the challenge of growing cotton through sustainable practices. “Cotton is a major ingredient in many of our apparel and home textile products,” explains Ken Lanshe, Walmart’s vice president, General Merchandi

The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka. According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July. India's MMF yarn import

The Vietnam Textile & Apparel Association (VITAS) at a press conference in Hanoi on December 4 revealed the information that its garment-textile industry expects to rake in USD 31 billion in exports by the end of 2017, a year-on-year rise of 10.23 percent. However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes. The industry has applied technologies to develop corporate governance and business production, creating products with better

At lint market, demand for better lint grades kept trading firm. Leading buyers fortified their long positions by making deals for better grades of cotton at Rs 6,700-Rs 6,750 per maund, on the back of anticipated short supply of better grades during upcoming trading sessions. Demand for better grades of lint would keep quality conscious buyers make forward deals for a month’s delivery period in coming days. Buyers bought second grade of lint on higher prices during trading session in Punj