CHINA'S exports dropped 6.6 percent year on year to 1.14 trillion yuan (175 billion U.S. dollars ) in January while imports declined 14.4 percent to 737.5 billion yuan, customs data showed on Monday. The monthly foreign trade surplus widened 12.2 percent year on year to 406.2 billion yuan (62.38 billion U.S. dollars) in January, up from 382 billion yuan a month earlier, according to the General Administration of Customs (GAC). Total foreign trade value in January edged down 9.8 percent yea

The country’s export earning from the apparel industry has seen a 9.12% rise to $15.76 billion in first seven months of the current fiscal year, thanks to political stability and safety standard. Sector people attributed new markets, value added products, improvement of safety standard in the RMG sector and peaceful political situation helped get more work orders that led to the export growth. According to the provisional data of Export Promotion Bureau (EPB), in July-January period of FY’

Bangladesh’s apparel export to US market has seen an 11.74% rise to $5.40 billion in the last calendar year, thanks to increased demand for clothing products. The volume, however, posted a 16.3% growth in the same period that indicates the unit prices of apparel products made in Bangladesh has seen a fall. In 2015, Bangladesh, the third largest exporter of clothing products to US, earned $5.40 billion, which was $4.83 billion in the previous year, according to the data recently released by

A total of 522 RMG factories producing clothing products for Accord signatory brands have made less than 40% progress on remediation to improve their workplace safety. In a meeting with the Bangladesh Garment Manufactures and Exporters Association (BGMEA), the Accord on Fire and Building Safety placed the list of 522 factories that made less than 40% progress towards ensuring their workplace safety standards, a meeting source told the Dhaka Tribune. The meeting aimed at discussing the reme

The textile industry urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets. Currently available at marginally higher prices in local markets than the prevailing prices in the international markets, costly raw materials make exportable goods uncompetitive India has become the largest producer of cotton in the world leaving behind China. "Despite around 35 million bales of domestic output, cotton price wor

Turkey said it has concluded that US cotton imports are damaging domestic output after a more than year-long review, dealing a potential blow to the world's No 3 grower of natural fibre amid concerns Ankara could resort to anti-dumping duties. "Cotton imports originating from the United States have caused material damage to local production," the Economy Ministry said in an interim investigative report. US and Turkish traders are invited to send in responses to the report by February 24, a m

Trading on the cotton market was slow on Friday amid subdued demand from spinners and global slowdown. Floor brokers said a downtrend in the New York cotton market for the last four days pushing down all the future contracts below 60 cents per lb and a long closure of Far-Eastern and Chinese markets on account of Lunar New Year kept activity slow. Moreover, many spinning mills facing financial crisis were operating much below their capacity, with a couple of units having already shut down

The All Pakistan Textile Mills Association on Friday urged the government to announce the Strategic Trade Policy Framework immediately, saying an undue delay would push the textile industry exports further down. “Textile exports have reduced by 14 per cent over the last six months and if this trend persists, it will lead to a reduction of $3.5 billion in exports by the year-end,” Aptma Punjab Zone Chairman Aamir Fayyaz said while addressing a press conference. He pointed out that the cotto

There is finally some good news for India's cotton exporters. The country's cotton shipments are expected to rise more than 21 per cent to 70 lakh bales during 2015-16 on the back of a spike in demand from Pakistan.Textile Commissioner Kavita Gupta told reporters in Mumbai that exports during the previous cotton season, which begins from October 1, stood at 57.72 lakh bales."The demand in Pakistan has grown due to crop damage in Punjab region. Almost 33 per cent of cotton crop in Pakistan has be

The Brazilian CEPEA/ESALQ Cotton Index rose 16.91 per cent in January 2016, the highest level reached since May 2011. Explaining the reasons in a press release, CEPEA said with decreasing export parity and purchasers demanding cotton for prompt deliveries, producers' asking prices stayed firm in the domestic market. On January 28, the Index reached the highest level since May 2011, at 2.6232 BRL or $0.644 per pound. According to CEPEA, the monthly average of January, at 2.4482 BRL or $0