Apparel Online India 16-31 July' 17 | Page 58

TRADE STATISTICS

January-May 2017

Canada sees positive import value after months

Outpacing the negative growth in apparel imports, Canada noted slight surge in import values during the first five months of 2017. The country, however, is less inclining towards woven apparel category which is continuously falling. The main reason behind this is the rising trend of athleisure among young population of the country indicating more consumers spending in knitted segment.

While the knitted segment noted 1.68 % surge, the woven segment saw negative growth of(-) 0.46 % in value terms.

The country was considerably down in its apparel exports to Canada during the review period. The value of woven exports fell by(-) 9.38 % while it was up in knitted segment by 4.51 %.

During the period, surge in its knitted garment exports to Canada was 12.59 %, while woven also increased by 0.71 % from Sri Lanka.

Vietnam revamped in its apparel exports to Canada during the review period. Knitted segment rose by 7.23 % while woven exports were massively up by 12.50 %.

B’ Desh Exports Pakistan Exports

China Exports

Bangladesh continued the down turning apparel exports to Canada as during the review period, knitted garment exports fell by(-) 0.84 %, whereas woven segment decreased by(-) 6.11 %.

In woven category, Pakistan was up by 26.95 % in value, while knitted segment exports to Canada registered growth of 8.11 % during review period.

In the knitted garment exports to Canada, the country got marginal boost by 0.03 %, while the woven garments recorded decrement by(-) 0.27 % during the period under review.

Iran managed to export 1,89,400 tonnes of textile products worth US $ 1.13 billion in the fiscal year ending March 20, 2017, claims Iran Chamber of Commerce, Industries, Mines and Agriculture. An 8.1 per cent growth was recorded in volume, while value dipped(-) 1.7 per cent on a Y-o-Y basis. The statistic shows that nearly 5,700 tonnes of hand-woven Iran carpets, valued at US $ 345.7 million, were exported during the said period, marking a 7.5 per cent and 18.4 per cent Y-o-Y growth in volume and value terms, respectively.

It is being cited that implementation of Joint Comprehensive Plan of Action, a nuclear pact which Iran and major countries like China, UK, US, Russia and France had signed in 2015, contributed to the growth as it made possible for Iran to recommence its hand-woven carpets export to the US, which had barred the import of Iranian carpets, among other products, in September 2010.

Additionally, US $ 306.5 million worth of machine-woven carpets weighing 55,500 tonnes, were exported from Iran during the year with 4.3 per cent rise in volume and 8.9 per cent drop in value. The Chamber has also reported that export of textiles stood at US $ 278.3 million, registering 8.6 per cent and 1.7 per cent growth in volume and value, respectively, on the yearly note with products weighing 98,500 tonnes. Iran also performed well in the apparel segment. The country exported with 3,800 tonnes of apparel items worth US $ 46.2 million, up 2.6 per cent in volume and 3.9 per cent in value when compared to previous fiscal. Meanwhile, export of leather products( 8,100 tonnes) reached US $ 61.3 million, noting a commendable growth of 15.7 per cent in volume and 3.2 per cent in value on a Y-o-Y basis.

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