Textile and clothing exports from India, Pakistan, and Vietnam see varying results

The latest data shows that India's textile and clothing exports in August were around US$3.01 billion, up 3.1% year-on-year, which is a positive growth for seven consecutive months; the cumulative exports from January to August increased by 4.6% year-on-year, which shows that India's textile and clothing exports have recovered well.

Textiles account for more than half of India's textile and clothing exports, accounting for 56% from January to August this year, which is the same as the same period last year. Among them, cotton yarn and fabrics account for the largest proportion of textiles. Clothing, which accounts for a slightly smaller proportion than textiles, has performed well in the past two months. The year-on-year growth rate of clothing exports in July and August was in double digits, nearly 12%, while cotton yarn and fabrics showed negative growth in July and August. Therefore, the main contribution of exports in the past two months was clothing.

In August, not only did India's textile and clothing export data perform well; Pakistan and Vietnam were also eye-catching, especially Vietnam's textile and clothing exports in August were US$4.06 billion, up 17.6% year-on-year; and Pakistan's exports in August were US$1.64 billion, up 13% year-on-year.

From January to August, Vietnam's textile and clothing exports increased by 7.6% year-on-year, and Pakistan's by 7% year-on-year; while China's textile and clothing exports only showed a slight increase, indicating that the recovery of China's textile and clothing exports was obviously not as strong as that of several other markets. Bangladesh is also an important clothing export market in the world. However, the domestic riots in Bangladesh from July to August have had a certain impact on its domestic production and shipments, which in turn affected overseas manufacturers' orders. There is a transfer of orders from Bangladesh, and the main directions of the transfer are India, Vietnam, Pakistan. It is difficult to conclude whether this is a short-term transfer or a long-term one; but it is believed that Bangladesh's low cost is a real advantage. Once the domestic political situation stabilizes and overseas manufacturers regain confidence, orders may flow back again.