Industry Insights
Monthly Apparel Exports Update
• The apparel exports in January 2020 stood
at US $1453 million, showing an increase of
three per cent from that in December 2019.
• As compared to January 2019, the apparel
exports decreased by five per cent in
January 2020.
Country wise Apparel Exports
Update
• The apparel exports to the largest market USA
increased by five per cent in Apr- Jan FY 2020
as compared to that in Apr- Jan FY 2019.
Apparel exports to Saudi Arabia also increased
by 34 per cent in the same period.
• However, the apparel exports to other major
markets, especially UAE and Germany,
declined considerably.
Monthly Apparel Imports Update
• The apparel imports in January 2020 stood at
US $ 108 million, showing an increase of 12
per cent from that in December 2019.
• As compared to January 2019 also, the
imports have increased by six per cent in
January 2020.
• The cumulative apparel imports of April to
January 2020 also shows an increase of eight
per cent as compared to the same period in
the last financial year.
Country wise Apparel Imports
Update
• Apparel imports from Bangladesh and China
increased by 13 per cent each in Apr-Jan FY
2020 as compared to that in Apr-Jan FY 2019.
• India also reported an increase in apparel
imports from Hong Kong and Vietnam of 49
and 44 per cent respectively.
As compared to January
2019 the apparel exports
decreased by five per cent
in January 2020
Financial Health of Select Brands,
Retailers and Manufacturers
Analysis of financial filings of select apparel
manufacturers and fashion brands and retailers
for Q3 FY 2020 over Q3 FY 2019 highlights the
following:
1. All of the considered fashion brands and
retailers have shown increase in their
operating revenue as well as Operating
Profit Margin (OPM).
2. Majority of the apparel manufacturers have
shown a decline in their OPM. However, Bang
Overseas has shown a significant improvement
in its OPM from 2.8 per cent in Q3 FY 2019 to
10.2 per cent in Q3 FY 2020..
Data Source: Ministry of Statistics and
Programme Implementation (MoSPI) Note:
Some data adjustments have been made
by MoSPI for 2018 and 2019
APPAREL I August 2020 I 37