MOROCCO: Clothing exports down 5.7% in 2013
Morocco's textile and clothing exports declined 5.7% year-on-year in 2013 to almost MAD28.5bn (US$3.5bn), according to the country's office for economic affairs.
Trade body CEDITH (the Cercle Euro-méditerranéen des Dirigeants Textile-Habillement), described 2013 as "a mediocre year" for Moroccan exports.
Clothing exports slipped 2.7% to MAD19bn, while hosiery slumped 12.2% to MAD7.1bn.
Exports of fabrics such as velvet, lace and embroidery rose by 7.7%, while cotton material and thread was down 13% - but these are marginal activities, CEDITH underlined.
The trade body attributed the below-par results to poor economic conditions in European markets.
Another factor is the absence of strong upstream textile activity in the North African state, which weighs against the development of garment making.
An interactive databank with intelligence on the major apparel sourcing countries
- Synergies Worldwide CEO unravels sourcing shifts
- Rana Plaza three years on – Timeline of change
- Bangladesh still needs reforms to fix factories
- First figures show Bangladesh exports climb
- Collaboration key to the future of smart textiles
- Hanesbrands to buy Pacific Brands for $800m
- US Q1 in brief: Carter's, Columbia Sportswear, Ske
- BHS lacks relevance as it files for administration
- Improving traceability a key industry challenge
- Aeropostale delisted from New York Stock Exchange