TUNISIA: Rising clothing exports hurt by weak dinar
The value of Tunisia's textile and clothing exports in the first nine months of 2013 rose 5.7% year-on-year, reaching TND3.87bn (US$2.3bn).
However, according to France's Cercle Euro-méditerranéen des Dirigeants Textile-Habillement (CEDITH), exports expressed in euros showed a fall of 2.9% due to the weakness of the local currency, the dinar, against its European counterpart.
The European Union accounts for around 97% of Tunisia's textile and clothing exports. And between September 2012 and September this year the dinar shed 9% of its value against the euro.
For the nine months to the end of September 2013, Tunisia's export sales, expressed in dinars, increased to major markets such as France (+4,8%), Germany (+20,7%), Belgium (+3,6%), the Netherlands (+11,1%), Spain (+10,5%) and the UK (+31,1%). The only noticeable exception was Italy, where exports fell 4.1 %.
Exports by product category saw an 9.2% increase in trousers, of which jeans were up 12.7%.
However, there were declines for the vast majority of other garments such as work clothing (-13.4%), lingerie (-0.1%), cardigans (-12.8%), shirts and blouses (-11.5%) and T-shirts (-2.4 %).
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