ASEAN textile exports to US, EU shrinking

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ASEAN textile1Exports of textiles and garments of ASEAN member countries to the US and European Union markets declined in 2012, the Taiwan Textile Federation (TTF) said on August 28.

The maximum decline in exports was posted by the Philippines, whose textile and apparel exports to the main markets decreased by 17 per cent year-on-year, TTF statistics show.

Although there was significant difference in performance of ASEAN member states, the overall trend showed signs of drop in exports. Textile and garment exports from Malaysia and Thailand to these markets fell 12.4 per cent and 12.2 percent year-on-year, respectively. Textile and clothing exports from Indonesia to these markets also dropped 6.3 per cent year-on-year.

However, exports of other ASEAN member states performed well, especially Cambodia and Vietnam, which posted a year-on-year rise of 8.7 per cent and 8.5 per cent, respectively.

The TTF said Cambodia’s textile and apparel sales to the EU grew by 32.4 per cent due to the EU’s decision to relax the rule of origin criteria under its Generalised System of Preferences. But Cambodia’s exports to the US dropped by 2 per cent.

While Vietnam’s textile and clothing exports to the EU were affected, its sales have grown in several markets, including the US, Japan, China, Russia and South Korea.

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Reading Time: 1 minute

Exports of textiles and garments of ASEAN member countries to the US and European Union markets declined in 2012, the Taiwan Textile Federation (TTF) said on August 28.

Reading Time: 1 minute

ASEAN textile1Exports of textiles and garments of ASEAN member countries to the US and European Union markets declined in 2012, the Taiwan Textile Federation (TTF) said on August 28.

The maximum decline in exports was posted by the Philippines, whose textile and apparel exports to the main markets decreased by 17 per cent year-on-year, TTF statistics show.

Although there was significant difference in performance of ASEAN member states, the overall trend showed signs of drop in exports. Textile and garment exports from Malaysia and Thailand to these markets fell 12.4 per cent and 12.2 percent year-on-year, respectively. Textile and clothing exports from Indonesia to these markets also dropped 6.3 per cent year-on-year.

However, exports of other ASEAN member states performed well, especially Cambodia and Vietnam, which posted a year-on-year rise of 8.7 per cent and 8.5 per cent, respectively.

The TTF said Cambodia’s textile and apparel sales to the EU grew by 32.4 per cent due to the EU’s decision to relax the rule of origin criteria under its Generalised System of Preferences. But Cambodia’s exports to the US dropped by 2 per cent.

While Vietnam’s textile and clothing exports to the EU were affected, its sales have grown in several markets, including the US, Japan, China, Russia and South Korea.

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