Thai textile & clothing exports slide in Jan-April '15

The exports of textile and clothing from the Southeast Asian nation of Thailand declined by 6.04 per cent to $2.245 billion in the first four months of 2015, compared to $2.290 billion earnings in comparable period last year, data from the Thai Garment Manufacturers Association showed.

 

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Segment-wise, textile exports dropped by 5.70 per cent year-on-year to $1.384 billion, while garment exports decreased by 6.59 per cent to $861.75 million during the four-month period, according to the association. 

 

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In the textile category, woven fabric exports fetched $477.18 million, followed by yarn and man-made filaments with $254.23 million and synthetic filament and staple fibres with $231.72 million.

 

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Similarly, among apparel, man-made fibre garment exports were valued at $275.15 million, followed by cotton garments at $225.27 million, and garments of other textile materials at $176.54 million.

 

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In terms of major destinations of Thai garment exports, the US led the pack with $294.90 million, whereas the 28-member EU accounted for $188.49 million, Japan $128.42 million, Asean(9) $46.63 million, and China (including Hong Kong) $45.28 million.

 

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Thai clothing exports to the EU saw maximum drop of 13.91 per cent during the period under review, mainly due to the country losing import-duty privileges from this year.

 

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In 2014, Thai textile exports dropped marginally by 0.14 per cent year-on-year to $4.602 billion, while garment exports decreased by 0.57 per cent to $2.857 billion. (RKS)

 

The exports of textile and clothing from the Southeast Asian nation of Thailand declined by ... per cent to ... billion in the first #