Blog: Leonie BarrieEU in pole position on garment imports

Leonie Barrie | 4 August 2014

Data on major garment exporting countries to the US and EU shows who's winning and losing in 2014 so far. The trends suggest the EU is now the world's largest garment importer, with shipments increasing at a rapid pace. In contrast, the US is only showing marginal gains.

Colombia's textiles and apparel industry, meanwhile, is set to grow 7% to $9bn in 2014, buoyed by strong domestic sales. A rise in clothing purchases by Colombian consumers is behind the upsurge, including products made by local designers and brands. But exports, recently a key pillar of industry growth, look disappointing.

US Trade Representative Michael Froman has suggested a number of ways to upgrade the African Growth Opportunity Act (AGOA) - including a new "compact" to boost trade and investment with sub-Saharan African nations. Tariff preferences are not enough, he says.

But East African countries continue to aggressively court foreign investors to revive their textiles and apparel industries, despite the US congress's reluctance to speedily renew AGOA ahead of its September 2015 expiry.

Elsewhere, research suggests US footwear companies are sourcing more from inner China and non-traditional production countries in a bid to offset tariffs and rising costs. While China's share of the US market has fallen 3% over the past year, according to the Footwear Distributors and Retailers of America (FDRA), Vietnam is gaining the most from this drop. 

And Fung Capital USA - the investment arm of Hong Kong-based Fung Group, which includes Li & Fung - is investing in Centric Software, a provider of product lifecycle management (PLM) software to the apparel industry. California-based Centric has secured US$24m from financiers to help its expansion into Asia.

BLOG

The disruption of digitisation

There's currently a lot of talk about how the digitisation of key processes along the clothing supply chain can bring benefits ranging from faster decision-making to improved efficiency, transparency ...

BLOG

US retailers stock up amid tariff threat

Apparel imports into the US took a tumble in March, with double-digit declines from three of the top ten supplier countries. While the results reflect Lunar New Year factory shutdowns in Asia, China –...

NEWS

Turkmenistan cotton subject to new detention order

US Customs and Border Protection (CBP) has issued a withhold release order against all cotton from Turkmenistan and all products produced in whole or in part with Turkmenistan cotton due to concerns i...

BLOG

Uncertain times should spur innovation

The uncertainty of potential tariffs affecting the clothing and textile sector – and a Trump administration that appears poised to levy more of them – continue to loom large over the apparel and footw...

BLOG

How Bangladesh has moved from "basket case" to bellwether

The fifth anniversary of the collapse of the Rana Plaza factory building in Bangladesh dominated coverage on just-style last week....

just-style homepage



Forgot your password?