Australia's apparel imports rise, fibre exports decline in Jul-Sept 24

Imports of textile yarn, fabrics, and made-up articles (classified under code 65) also rose by 4.11 per cent, reaching $1.164 billion in the first three months of the current fiscal, compared to $1.118 billion in the same period last year. Conversely, fibre imports (classified under code 26) fell by 6.06 per cent to $31 million from $33 million during the period under review.

In September 2024, imports of apparel and clothing accessories decreased marginally by 0.17 per cent to $1.127 billion, down from $1.129 billion in September 2023. Imports of textile yarn, fabrics, made-up articles, and related products remained steady at $388 million in September 2024, the same as in September 2023. Fibre imports also remained consistent at $11 million in September 2024.

During the 2023-24 fiscal, Australia's apparel and clothing imports totalled $12.231 billion, a decline of 5.2 per cent from the $12.903 billion recorded in 2022-23. Similarly, imports of textile yarn and fabrics dropped by 9.40 per cent, from $4.825 billion in 2022-23 to $4.371 billion in 2023-24.

Meanwhile, Australia's exports of textile fibres were valued at $2.266 billion during July-September 2024, marking a 7.69 per cent decrease from $2.455 billion in the corresponding period of the previous year. Exports in September 2024 fell by 8.09 per cent to $772 million, compared to $840 million in September 2023.

For the 2023-24 fiscal, Australia exported textile fibres worth $7.053 billion, a decline of 13.97 per cent from $8.199 billion in 2022-23. Notably, Australia is a significant producer and exporter of cotton.

ALCHEMPro News Desk (KUL)