MODIFI’s Post

Textile exports increased by 5.1% YoY during Oct'23 Following a continuous YoY decline for 12 consecutive months, textile exports have now shown signs of recovery, with a 5% YoY increase, reaching USD 1.43bn in Oct’23. However, during the 4MFY24, textile exports experienced a 7% YoY decrease, dropping to USD 5.55bn. #PBS #Exports #Trade #Economy

Today's Global Trade Market Research and Analysis Report is here! Sector: Silk & Textiles Report: Top 10 Countries that Import Artificial Fiber Yarn (HS Code 551011) and India's current exports and market share. Discover the key insights and trends shaping the market. Don't miss out! To download this Report: https://lnkd.in/ghVpRitX #GlobalTrade #MarketResearch #TextileIndustry #SilkAndTextiles #ArtificialFiberYarn #HSCode551011 #IndiaExports #TradeAnalysis #MarketTrends #IndustryInsights #navaties #indiaties

Slow business activities, high cost of energy, and rising interest rates are leading the textile exporters and industrialists to a financial crunch. Read Article, click on ⬇️ link https://lnkd.in/ewgTHNwm #inp #independentnewspakistan #inp_wealthpk #business #interestrates

#India's trade deficit has been rising due to challenges in export financing, poor infrastructure, and reliance on imported inputs. The textile industry, a consistent #tradesurplus contributor, saw a decline in exports and imports post-pandemic. Factors such as geopolitical tensions, higher production costs, and global economic slowdown impacted trade. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/drYTnZnZ

While anecdotal, the “reshoring” trend is beginning to register in media presentations as significant. To what degree is still not statistically defined. Trucking and rail carriers that have prepositioned capacity in the north-south trade corridors likely will see a bump in demand in those lanes eventually. Alternative agricultural export lanes have yet to materialize in the current trend of lower demand in the PRC. The PRC is a net importer of agricultural commodities due to arable land resource limitations that is inadequate in relation to population size. It is not yet clear if purchasing patterns and trends will alter in the long term. Due to internal debt pressures, the need to bolster the yuan, geopolitical tensions, etc. , the PRC has exhibited a preference to exporters that will settle transactions in yuan. This likely will impact exporters that trade in other currencies that a yuan conversion protocol is not established.

Textile exports increased by 18.2% YoY (+25.9% MoM) to USD 1.6bn during May’24 (Highest exports after Aug’22). During 11MFY24, textile exports increased by 1.4% YoY to USD 15.2bn YoY. #PBS #Exports #Trade #Economy

#Vietnam achieved a #trade #surplus of $15.23 billion in the first seven months of 2023, despite a 6.7 per cent YoY decline in total trade turnover for July. The overall trade volume for the period was $374.23 billion, down 13.9 per cent from last year. The domestic sector saw a 10.2 per cent slump, while the #FDI sector declined by 10.8 per cent. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/djTRB-js

#Vietnam’s index of industrial production in the first four months this year expanded by 6 per cent YoY. The country’s #import-#export revenue reached $238.88 billion during the period, with trade #surplus reaching $8.4 billion, higher than the $7.66 billion recorded in the same period last year. #Economic recovery in the second quarter is projected to be slow. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dMNWc-Sz

Following a continuous YoY decline for 12 consecutive months, textile exports have now shown signs of recovery, with a 6% YoY increase, reaching USD 1.44bn in Oct’23. However, during the 4MFY24, textile exports experienced a 6.3% YoY decrease, dropping to USD 5.56bn. #PBS #Exports #Trade #Economy

Textile exports increased by 3.3% YoY (-7.7% MoM) to USD 1.3bn during Mar’24 (Lowest exports after Apr’23). During 9MFY24, textile exports decreased by 0.3% YoY to USD 12.4bn YoY. #PBS #Exports #Trade #Economy