Thursday, 26 September 2024 12:09

Apparel exports spike in August; turn YTD positive Featured

Showing signs of recovery, apparel exports saw a spike in August, enabling the industry to make the year to date performance positive for the first time.

In August, exports rose by 22.13% year-on-year to $ 485.62 million, and the first eight months’ performance by 2.41% to $ 3.158 billion.

In July, apparel exports rose by 3.2% to $ 406.2 million, and the first seven months amounted to $ 2.612 billion, down by 0.7%.

According to Joint Apparel Association Forum (JAAF) sources, exports to the USA saw a 22.9% increase to $ 209.40 million, whilst exports to the EU (excluding exports to the UK) rose by 18.84% to $ 140.51 million. Shipments to the UK increased by 17.74% to $ 62.39 million. Exports to other markets rose by 31% to $ 73.32 million.

 

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