Apparel Online India Magazine August 2nd Issue 2018 | Page 54

TRADE STATISTICS

January to June 2018

ASEAN continues capturing major chunk in Canadian apparel market

Canada has become a favourite place for ASEAN countries as far as apparel trade is concerned and the same was indicated by the first half apparel import data of Canada. Cambodia got notable boost as it continued its robust performance and marked an impressive growth of 12.7 per cent to ship US $ 397.43 million worth of apparels in the Canadian market. Further, Vietnam’ s escalation in Canada will boost once the recently signed CPTPP agreement will get implemented officially in early 2019.

The knitted apparel reported 4.47 % surge during the review period, whereas the woven segment saw rise of 4.88 % in value terms.

During the review period, the value of Indian knitted apparel exports increased by 5.71 %. On the other hand, export value of woven segment marginally jumped 2.68 % on Y-o-Y basis.

During the period, the country declined by(-) 4.80 % in its knitted garment exports to Canada, whereas woven segment upped by 4.79 %.

Knitted garment exports from Vietnam to Canada escalated by 14.89 %, while export of woven garments was up by 14.34 %.

B’ Desh Exports

Bangladesh grew in both knitted and woven garment exports to Canada by 0.29 % and 3.26 %, respectively during the review period.

Pakistan Exports

In woven category, the Pakistan’ s export values were down by(-) 8.69 %. On the other hand, knitted segment exports to Canada registered notable growth of 35.61 % on Y-o-Y basis.

China Exports

In the knitted garment exports, China plunged by(-) 0.44 %, whereas the woven garments noted boost by 0.69 % during the period under review.

Indonesia Exports

In the knitted garment exports, Indonesia surged by 10.83 %, while exports of woven garments were down by(-) 1.22 % on the yearly note.

The Ministry of Textiles( MoT) has affirmed that the exports of textile and apparel sector have marginally grown to US $ 39.2 billion in FY 2017-18 as compared to US $ 39 billion in the prior FY.

Ajay Tamta, Minister of State for Textiles, further elucidated the Parliament that apart from the slight increase in exports, country’ s imports witnessed a significant growth of 17 per cent, reaching to US $ 7.3 billion in the current FY as compared to US $ 6.3 billion in the 2016-17 fiscal year. He said that the Centre has hiked customs duty from 10 to 20 per cent on various fabrics, apparels, made-ups and carpets to restrict import of textile and clothing in the nation.

Additionally, focusing on cotton manufacturing, Tamta elucidated that the Cotton Advisory Board( CAB) is expecting the cotton production for the current season 2017-18( October 2017 to September 2018) to be at 370 lakh bales.

“ From October 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales,” he said. The Minister further added that the CAB has calculated that during the current cotton season 2017-18, the export is expected to reach 70 lakh bales by September, a growth of 20 per cent as compared to previous year.

Furthermore, the Minister also informed that the country’ s raw silk production is anticipated to touch 38,500 tonnes by the next fiscal year. Notably, despite many measures taken by the Government to promote silk production, the country still imports silk products from Korea, China and Japan.“ The import of raw silk has significantly come down from FY 2011-12 to 2017-18, registering a deficit of 1971 tonnes due to the boost that was given for the manufacturing of import-alternate Bivoltine raw silk from within the nation,” he concluded.

54 Apparel Online India | AUGUST 16-31, 2018 | www. apparelresources. com