Home breadcru News breadcru Import/Exports breadcru Declining textile exports in H1, a cause for worry

Declining textile exports in H1, a cause for worry

07 Oct '05
1 min read

Since the expiry of textile quotas begining this year, small yet significant texile pockets of the world particularly, Mauritius suffered severe setback.

Being a major foreign exchange earner for the country, textile industry saw a steep decline of 18 percent in textile exports during the first six months, this year.

This drop is considerable for a sector which provides 52,000 jobs and indirect employment to the tune of additional 200,000 in a total population of 1.2 million.

Figures released by Central Statistics Office show that MUR9.6 billion or US $320 million earned from export was much below MUR11.7 billion earned during same period, last year.

Since 2002, a steady decline has been recorded on the textile export front, indicates the data garnering MUR22.9bn in 2004.

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