The textile industry (T/C) is one of the most globalised industries which plays an important role in the world trade. For some economies, for instance Pakistan (CIA, 2015) and Indonesia (CIA, 2015), it represents the most crucial sector for export earnings. This paper shows an overview of the industry export shifting of the textile sectors in Europe and the World, where export tables and related graphics will illustrate the changes in more detail.
Core global sourcing update q3 2014 finalCBX Software
The Core Solutions Global Sourcing Update provides insight and analysis into global sourcing information for retailers and brands. It covers topics such as currency exchange, wages, commodity prices, container shipping costs and much more.
Core global sourcing update q3 2014 finalCBX Software
The Core Solutions Global Sourcing Update provides insight and analysis into global sourcing information for retailers and brands. It covers topics such as currency exchange, wages, commodity prices, container shipping costs and much more.
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Summary of Sri Lankan Industries from 2004 to 2013. Submitted for Business Organizations Module (1st semester) in Transport and Logistics Management Degree at Faculty of Engineering, University of Moratuwa.
Vietnam Market Outlook 2021
Agenda:
- Global Outlook 2021
+ Global megatrends 2020-2030
+ Global economics Outlook 2021
- Vietnam Achievements and Rising opportunities
+ Covid-19 has been under control in Vietnam
+ US-China Trade war
+ Vietnam is one of the top destination for foreign investment
+ Increasingly integration into global economy
+ Vietnam economy (Vietnam's economic growth+ GDP per capital increases steady)
+ Vietnam import and export sector (Export and import of Goods in 2020 + Percentage of total import and export turnover of goods in 2020)
+ Vietnam Industrial Production (Index of Industrial Product Growth rate in 2020 compared to 2019 + Productions and Growth rate of key industrial 2020 compared to 2019)
+ Vietnam Foreign direct investment (FDI) in Vietnam
+ Vietnam Logistics
+ Vietnam Infrastructure
+ Vietnam Legal (Changes to the Law on Investment)
+ Vietnam Industrial Property
- Factors for choosing conformity assessment partner
- Introduction of Vinacontrol
- Assessment service for Investment and Manufacturing in Vietnam
AMRO(ASEAN+3 MACROECONOMIC RESEARCH OFFICE) AND MYANMARMYO AUNG Myanmar
AMRO(ASEAN+3 MACROECONOMIC RESEARCH OFFICE) AND MYANMAR
AMRO focuses on three core functions, namely conducting macroeconomic surveillance, supporting the implementation of CMIM, and providing technical assistance to members:
http://www.amro-asia.org/?s=MYANMAR
http://www.amro-asia.org/curbing-inflation-in-myanmar-the-fiscal-angle/
Curbing Inflation In Myanmar – The Fiscal Angle
Author: Chaipat Poonpatpibul, Lead Economist, and Paolo Hernando, Senior Economist
October 2, 2017 | Blog
ASEAN+3 REGIONAL ECONOMIC OUTLOOK 2018
Resilience and Growth in a Changing World
http://www.amro-asia.org/wp-content/uploads/2018/05/AMRO-AREO-Report-2018_Full-Report.pdf
http://www.amro-asia.org/wp-content/uploads/2017/06/Myanmar_country_report_2017_approved-for-posting.pdf
AMRO Annual Consultation Report-Myanmar - 2017
http://www.amro-asia.org/wp-content/uploads/2018/05/Final-Draft-Joint-Statement-of-the-21st-AFMGM3_FINAL.pdf
The Joint Statement of the 21th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (May 4, 2018, Manila, Philippines)
ASEAN+3 Regional Economic Outlook 2018 - Myanmar Country Chapter and other relevant charts and graphs
"The ASEAN+3 Regional Economic Outlook (AREO) provides a comprehensive assessment of recent developments
and the outlook for the regional economy, taking into account spillovers from the global economy and
inter-linkages in financial markets."
Source: http://www.amro-asia.org/…/AMRO-AREO-Report-2018_Full-Repor…
Media Contact
Huong Lan Vu
Public Relations Officer
+65 6323 9844
vu.lanhuong@amro-asia.org
ASEAN+3 Macroeconomic Research Office
10 Shenton Way, #15-08 MAS Building
Singapore 079117
Tel: +65 6323 9844
Fax: +65 6223 8187
Email: enquiry@amro-asia.org
#Know What India Exports# By SN Panigrahi
India’s Foreign Trade: July 2019
India’s Exports - April-July 2019
Positive Growth & Negative Growth
India’s Exports - 2018
World Merchandize Trade
World’s Top 20 Export Countries
India’s Top 10 Export Product Groups
Wastra publications cover analysis of manufacturing ideas in garment industry including how to set up a garment factory, opportunities, insights and trends
It is a professional publication about China’s TiO2 industry published monthly by CCM International Limited, which provides titanium mining companies the cooperation opportunities with Chinese TiO2 producers; presents the competition landscape and the commercial opportunities in China for multinational TiO2 producers; helps TiO2 end users to catch up Chinese TiO2 up-to-date prices and sources the suitable TiO2 from China. The continuous expanding TiO2 industry also brings huge opportunities for investors.
TiO2 China Monthly Report will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry.
How are factory owners coping with the covid 19 effect on cancellation of RMG...Ashik Nobi
The study has made on descriptive research, is conducted to identify how are factory owners coping with the Covid-19 effect on cancellation of RMG export. To come up with the result, researchers were not required to visit the factory. For this reason,
researchers have ignored the direct data collection and surveys. Consequently, the
research technique has relied based on information from secondary sources. Those
data collected through Journals, Research articles, Thesis papers, newspapers case
studies, online news paper and survey reports, garments Manufacturing Industries
Annual reports, BGMEA Yearly report and Files. The data was collected basically
through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information
Global Textile &Apparel : Trade Performance 2015Sanjay Arora
Deatailed Analysis on Global Textile and Apparel Trade Performance for the Year 2015. for further information please connect at sanjay@wazir.in or info@wazir.in
Summary of Sri Lankan Industries from 2004 to 2013. Submitted for Business Organizations Module (1st semester) in Transport and Logistics Management Degree at Faculty of Engineering, University of Moratuwa.
Vietnam Market Outlook 2021
Agenda:
- Global Outlook 2021
+ Global megatrends 2020-2030
+ Global economics Outlook 2021
- Vietnam Achievements and Rising opportunities
+ Covid-19 has been under control in Vietnam
+ US-China Trade war
+ Vietnam is one of the top destination for foreign investment
+ Increasingly integration into global economy
+ Vietnam economy (Vietnam's economic growth+ GDP per capital increases steady)
+ Vietnam import and export sector (Export and import of Goods in 2020 + Percentage of total import and export turnover of goods in 2020)
+ Vietnam Industrial Production (Index of Industrial Product Growth rate in 2020 compared to 2019 + Productions and Growth rate of key industrial 2020 compared to 2019)
+ Vietnam Foreign direct investment (FDI) in Vietnam
+ Vietnam Logistics
+ Vietnam Infrastructure
+ Vietnam Legal (Changes to the Law on Investment)
+ Vietnam Industrial Property
- Factors for choosing conformity assessment partner
- Introduction of Vinacontrol
- Assessment service for Investment and Manufacturing in Vietnam
AMRO(ASEAN+3 MACROECONOMIC RESEARCH OFFICE) AND MYANMARMYO AUNG Myanmar
AMRO(ASEAN+3 MACROECONOMIC RESEARCH OFFICE) AND MYANMAR
AMRO focuses on three core functions, namely conducting macroeconomic surveillance, supporting the implementation of CMIM, and providing technical assistance to members:
http://www.amro-asia.org/?s=MYANMAR
http://www.amro-asia.org/curbing-inflation-in-myanmar-the-fiscal-angle/
Curbing Inflation In Myanmar – The Fiscal Angle
Author: Chaipat Poonpatpibul, Lead Economist, and Paolo Hernando, Senior Economist
October 2, 2017 | Blog
ASEAN+3 REGIONAL ECONOMIC OUTLOOK 2018
Resilience and Growth in a Changing World
http://www.amro-asia.org/wp-content/uploads/2018/05/AMRO-AREO-Report-2018_Full-Report.pdf
http://www.amro-asia.org/wp-content/uploads/2017/06/Myanmar_country_report_2017_approved-for-posting.pdf
AMRO Annual Consultation Report-Myanmar - 2017
http://www.amro-asia.org/wp-content/uploads/2018/05/Final-Draft-Joint-Statement-of-the-21st-AFMGM3_FINAL.pdf
The Joint Statement of the 21th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (May 4, 2018, Manila, Philippines)
ASEAN+3 Regional Economic Outlook 2018 - Myanmar Country Chapter and other relevant charts and graphs
"The ASEAN+3 Regional Economic Outlook (AREO) provides a comprehensive assessment of recent developments
and the outlook for the regional economy, taking into account spillovers from the global economy and
inter-linkages in financial markets."
Source: http://www.amro-asia.org/…/AMRO-AREO-Report-2018_Full-Repor…
Media Contact
Huong Lan Vu
Public Relations Officer
+65 6323 9844
vu.lanhuong@amro-asia.org
ASEAN+3 Macroeconomic Research Office
10 Shenton Way, #15-08 MAS Building
Singapore 079117
Tel: +65 6323 9844
Fax: +65 6223 8187
Email: enquiry@amro-asia.org
#Know What India Exports# By SN Panigrahi
India’s Foreign Trade: July 2019
India’s Exports - April-July 2019
Positive Growth & Negative Growth
India’s Exports - 2018
World Merchandize Trade
World’s Top 20 Export Countries
India’s Top 10 Export Product Groups
Wastra publications cover analysis of manufacturing ideas in garment industry including how to set up a garment factory, opportunities, insights and trends
It is a professional publication about China’s TiO2 industry published monthly by CCM International Limited, which provides titanium mining companies the cooperation opportunities with Chinese TiO2 producers; presents the competition landscape and the commercial opportunities in China for multinational TiO2 producers; helps TiO2 end users to catch up Chinese TiO2 up-to-date prices and sources the suitable TiO2 from China. The continuous expanding TiO2 industry also brings huge opportunities for investors.
TiO2 China Monthly Report will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry.
How are factory owners coping with the covid 19 effect on cancellation of RMG...Ashik Nobi
The study has made on descriptive research, is conducted to identify how are factory owners coping with the Covid-19 effect on cancellation of RMG export. To come up with the result, researchers were not required to visit the factory. For this reason,
researchers have ignored the direct data collection and surveys. Consequently, the
research technique has relied based on information from secondary sources. Those
data collected through Journals, Research articles, Thesis papers, newspapers case
studies, online news paper and survey reports, garments Manufacturing Industries
Annual reports, BGMEA Yearly report and Files. The data was collected basically
through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information
Ethiopian exports growth characteristics, dynamics and survival berihu-asse...Berihu Assefa Gebrehiwot
Using both aggregate and firm-level Customs data, this paper examines Ethiopia’s export performance and dynamics over the period 1995/1996 – 2014/2015 from various dimensions. Specifically, we attempt to address the following issues:
(i) How concentrated/diversified are Ethiopia’s exports in terms of exporters, products, and markets? Or, over the past decade or so, has Ethiopia added economically significant numbers of new products and markets to its export portfolio.
(ii) To what extent do Ethiopian exporters survive beyond their first year of entry to the export market?
(iii) And finally we decompose export growth/contraction into intensive and extensive margins to see what drives export change in Ethiopia.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Development of textile production with an overview of the export shifting
1. Olga Loghinovici 22 november 2015
Studentnr.: r0610996
1
Development of textile production with an overview of the export
shifting
The textile industry (T/C) is one of the most globalised industries which plays an
important role in the world trade. For some economies, for instance Pakistan (CIA,
2015) and Indonesia (CIA, 2015), it represents the most crucial sector for export
earnings.
In the last two decades, the global trade has sustained fundamental changes which
have caused significant movements in textile exports. One of them was the approval
for the Agreement of Textile and Clothing (ATC) from WTO members on January 1
1995. This led to a 10 year transitional program, which liberalised the global textile
trade, due to elimination of all textile and apparel product quotas. 2005 was the year
of a new start. From then on, textile and clothing were governed by the general rules
and disciplines embodied in the multilateral trading system. (WTO, 2015)
Another significant change in the global trade was the economic crisis from 2008 until
2009. This caused a worldwide recession with not just high budget deficits and
unstainable debts, but also considerable decreases in textile exports. (Young, 2014)
The following sections of this paper will describe the development and significant
movements of the textile sectors in Europe and the World, where export tables and
related graphics will illustrate the changes in more detail. At the end, a conclusion will
summarize the economy analysis will finish up the context.
Overview of European textile exports from 1995-2014
The textile industry is a varied and diverse industry which comprises a substantial
number of processes from the transformation of raw material into the production of
end results like industrial or hi-tech synthetic textile products. Hence, the textile
sector consists of various subdivisions. For the purposes of the following analysis,
the Harmonized Coding System (HS) is used which is a standardized system of
names and numeral indications to classified traded products.
Textile and textile articles are listed under the HS numbers 50 through 63. These
include inter alia raw materials, articles of apparel, and also textile coverings.(Table
2)
For the overview of the European exports all 28 members of the European Union
(EU-28) and their export trade values between 1995 and 2014 were considered first.
Next, a change in percentage from 1995 to 2014 was calculated, and all EU member
states with less than 50% change rate and less than $1 Billion USD trade value were
eliminated for a closer inspection of significant developments.
Italy and Germany were excluded of the elimination, because both countries are the
two main exporters of the European textile sector over this period of time. Looking at
the 2014 exports of textile products among the individual EU members, these two
countries alone are responsible for almost half (40.3%) of the EU total (Table 1).
Compared to 1995, it shows a moderate increase in percentage.
2. Olga Loghinovici 22 november 2015
Studentnr.: r0610996
2
In the following table are all countries listed which remain after the elimination.
Table 1: Significant EU members with related export trade value in Billion USD
COUNTRY 1995 2000 2005 2008 2010 2014 GROWTH %
Bulgaria 2.47 2.01 2.55 2.07 0.83 -66.4%
Czech Republic 1.86 1.77 3.31 4.22 3.57 4.25 +56.2%
Denmark 2.06 2.59 3.83 5.37 4.71 5.65 +63.5%
Germany 23.00 18.60 27.00 34.90 32.90 36.40 +36.8%
Italy 26.30 24.60 32.90 40.20 31.90 37.00 +28.9%
Lithuania 0.39 0.71 1.12 1.30 1.24 1.76 +77.8%
Netherlands 6.20 4.89 8.14 11.40 10.90 15.20 +59.2%
Poland 2.83 2.65 3.79 5.63 5.02 7.01 +59.6%
Romania 1.57 2.51 5.26 5.10 4.05 5.17 +69.6%
Slovakia 0.59 0.78 1.34 1.79 1.64 2.09 +71.8%
Spain 3.79 5.04 8.30 11.80 11.30 16.80 +77.4%
Sweden 1.08 1.26 1.76 2.35 2.18 2.77 +61.0%
EU TOTAL 129.91 119.10 162.44 189.88 161.66 182.06 +28.6%
(Comtrade, 2015)
To see which countries demonstrate a considerable development, the following line
chart is illustrated. (Figure 1)
Figure 1: European member state developments from 1995-2014
(Own illustration)
Between 1995 and 2005, the development of European exports has been especially
successful for Lithuania (with an increase of 77.8%) and Spain (with an increase of
77.4%), although Lithuania’s value is less important for Europe overall.1
Spain, in
contrast, has developed as the third largest textile exporter (9.2%) in Europe since
the year 2000. (Table 1)
1
Shares in textile trade over the years less than 1% in the EU total
0
5
10
15
20
25
30
35
40
45
1995 2000 2005 2008 2010 2014
Bulgaria
Czech Republic
Denmark
Germany
Italy
Lithuania
Netherlands
Poland
Romania
Slovakia
Spain
Sweden
3. Olga Loghinovici 22 november 2015
Studentnr.: r0610996
3
On one hand, investigating the line diagram of European members, it is possible to
assume that Spain took advantage of the quota-free trade from 2005. On the other,
Spain received a motivational boost rather than a significant loss after the financial
crisis between 2008 and 2009. After both events, the Spanish economy
demonstrated a greater increase. (Figure 1)
Slovakia and Romania have also reached additional outstanding developments
(Figure 1). Even if Slovakia shows a significant increase in textile exports, with a
share of about 1%, it does not play an important role of Europe’s total exports.
Furthermore, due to ongoing corruptions, high corporate taxes, high energy costs,
and other factors, Slovakia still has a non-attractive market for Europe. (CIA, 2015)
Looking to the export developments of Romania, it is clear to see that this country
had a strong increasing textile industry from the years 1995 to 2005 (Figure 1). The
year 2005 is a turning point of the Romanian success. From this year on, Romania’s
exports have gradually decreased, because of falling production, the liberalisation of
textile trade and the financial crisis. (Tudor, 2012)
As shown in Table 1, Bulgaria is the country where the textile exports have witnessed
a strong decline of over 60% in the period from 1995 to 2005. This decline is most
significant, which can be assumed as a cause, after the approval of the ATC in 2005.
However, the exports of Bulgaria, with a share of less than 1% on Europe’s total, are
insignificant for the European trade.
After analysing the development of European textile exports, this next section is
concentrating on the World textile exports between the years 1995 to 2014.
Overview of World textile exports from 1995-2014
For the World overview of textile exports, all countries with a trade value over $10
Billion USD from 1995 to 2014 are chosen. The following table lists all significant
countries and their trade values.
Table 4: Significant textile countries of the World with related export trade value in
Billion USD
Country 1995 2000 2005 2008 2010 2014 Growth %
China 39.30 44.90 107.60 179.70 199.50 287.50 86.3%
EU-28
2
29.00 41.10 53.40 45.20 57.80 49.8%
India 8.11 11.10 17.03 22.70 27.10 38.60 79.0%
Turkey 8.31 10.00 18.90 23.10 21.80 29.40 71.7%
USA 18.60 21.90 21.90 22.60 23.60 26.20 29.0%
Bangladesh 4.58 2.49 7.68 13.20 16.70 21.42 78.6%
Korea 17.80 18.20 13.70 13.10 13.70 15.70 -11.8%
Pakistan 10.30 10.60 11.60 13.80 25.4%
Indonesia 6.06 8.20 8.60 10.10 11.20 12.70 52.3%
Viet Nam 2.10 5.31 10.20 13.30 21.53 90.2%
Mexico 4.41 11.30 9.56 6.86 6.27 6.96 36.6%
(Comtrade, 2015)
2
Just Extra-EU trade considered
4. Olga Loghinovici 22 november 2015
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In the table, it is clear to see that China is the biggest export and manufacturing
economy of the World. Over $200 Billion USD were circulated global in 2014. As
second and third country, Germany and India are registered.
The next figure presents developments of the significant textile countries in a line
diagram.
Figure 2: Textile countries with related development flows3
(Own illustration)
China is not just the largest textile economy, it has also shown one of the most
significant developments over the years. Chinese textile exports grew by 86% from
1995 to 2014 without any cutbacks. Significant to see (Figure 2) is the sharp rise
between 2000 and 2008 which is a result of China’s WTO entry in late 2001 and the
gradually removal of textile quotas (Lu, 2012). The economic crisis moderated
Chinese export increases, but this has not led to any losses. (Table 4)
Vietnam is the economy which has shown the greatest export development with an
immense increase of 90.2%. This change has mostly resulted from the WTO entry in
2007 and the affiliation to Trans-Pacific Partnership in 2010. Both approvals have
led to a free textile trade. (CIA, 2015)
India, with a constant growth rate of 79%, presents a further considerable growth.
Textiles and textile products are the largest export groups and a meaningful
generator of employment within this economy. With the abolition of textile quotas and
the liberalization of investments, India has created an international brand economy
with markets of the USA and EU as main importer (Kar, 2015). Furthermore is to say,
3
For a better overview, China was excluded of the line diagram
0
10
20
30
40
50
60
70
1995 2000 2005 2008 2010 2014
EU-28
India
Turkey
USA
Bangladesh
Korea
Pakistan
Indonesia
Vietnam
Mexico
5. Olga Loghinovici 22 november 2015
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5
that India has not shown losses in the development process over the years. (Figure
2)
Additional significant export increases have shown Bangladesh. This country has
reached a growth rate of 78.6% since the year 2000. The data for Bangladesh is
available just until the year 2011. In the recent years, the textile sector has gone
through a series of factory accidents that have killed over 1,000 workers and strikes
that closed down most of the economic activities (CIA, 2015). These happenings
could have influenced the textile sector significantly and it is possible to assume that
the growth rate could take a turn for the worst in the future.
Turkey has shown similar developments as Bangladesh. Since 1995, Turkey
presents a constant growth with a moderate cutback during the economic crisis,
which has not resulted in a considerable deficit. (Figure 2)
There is just one economy, Korea, which has revealed a negative growth rate over
the years (Figure 2). Before the Korean textile industry has been challenged by the
reduction of trade quotas, this country has demonstrated a constant increase of
textile exports. Korea is one developing country which has not stayed resistant
against the new and strong competitiveness (like China and Europe). (Truett &
Truett, 2011)
Conclusion
It is significant to see that the world countries have all been influenced by the 10 year
transitional program from the WTO since 1995. The final implementation of the
Agreement for Textile and Clothing in 2005 has liberalised the global textile trade
with quota eliminations.
All in all, the approval of the ATC has generated both ‘winners’ and ‘losers’. Most of
the Asian countries show considerable growth rates. China and Vietnam are the two
economies which have the greatest increase from 1995 to 2014, followed by India,
Bangladesh and Turkey. Of these countries, Vietnam can be assumed as a new and
future important production area due to their fast and significant growth. Bangladesh
could also count as a prospective manufacturing area, but because of the recent
negative incidents, a declining growth rate is expected.
Korea has shown the most significant decrease in textile exporting which is why this
country is on top of the ‘losers’ category. In conclusion, it is to say, that the
production of this country is decreasing and hence shifting away.
Europe has presented a positive growth rate between 1995 and 2014. But this
continent had a deep cutback during the economic crisis. Without this occurrence,
Europe could have had a better textile export increase.
Within Europe, Germany and Italy are the main exporters of textiles. These have
shown a gradual increase parallel to the rise of the EU total textile exports since
1995. This means that both countries were, and still are, the most important
6. Olga Loghinovici 22 november 2015
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production areas for Europe. Spain is also a significant EU member in development,
which explains a shift in the European textile production. This country has shown an
incredible rise over the years. In 2014, Spain was the third largest textile exporter
and a very important production place of the European Union. Another significant
change was shown in Romania. In conclusion of this development, it is possible to
say that Romania was an essential textile exporter and manufacturing base up until
2005. After this year, because of a decrease in exports, there followed a shifting
away of production.
To put everything in a nutshell, international textile productions are increasingly
shifting to the Asian economies, most importantly to China, Vietnam, Turkey, India,
and within Europe they are shifting to Spain. A considerable shifting away of
production has shown from Romania, Korea and possibly from Bangladesh.
7. Olga Loghinovici 22 november 2015
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Appendix - Tables
Table 2: Harmonized coding system of textile and textile articles (Comtrade, 2015)
HS Code Name of Subdivision
50 Silk
51 Wool, animal hair, horsehair yarn and fabric thereof
52 Cotton
53 Vegetable textile fibres nes, paper yarn, woven fabric
54 Man-made filaments
55 Man-made staple fibres
56 Wadding, felt, nonwovens, yarns, twine, cordage, etc.
57 Carpets and other textile floor coverings
58 Special woven or tufted fabric, lace, tapestry etc.
59 Impregnated, coated or laminated textile fabric
60 Knitted or crocheted fabric
61 Articles of apparel, accessories, knit or crochet
62 Articles of apparel, accessories, not knit or crochet
63 Other made textile articles, sets, worn clothing etc.
Table 3: EU-28 with related export trade value in Billion USD (Comtrade, 2015)
COUNTRY 1995 2000 2005 2008 2010 2014 GROWTH %
Austria 5.51 4.63 5.61 4.39 2.94 3.11 -43.6%
Belgium 15.70 14.30 17.80 14.10 10.20 -35.0%
Bulgaria 2.47 2.01 2.55 2.07 0.83 -66.4%
Croatia 0.96 0.58 0.72 0.65 0.54 0.78 -18.7%
Cyprus 0.02 0.02 0.02 0.02 0.07 0.17 +88.2%
Czech Republic 1.86 1.77 3.31 4.22 3.57 4.25 +56.2%
Denmark 2.06 2.59 3.83 5.37 4.71 5.65 +63.5%
Estonia 0.25 0.39 0.57 0.69 0.51 0.62 +59.7%
Finland 0.69 0.56 0.71 0.94 0.63 0.72 +42.0%
France 13.40 11.90 15.10 18.40 15.10 16.60 +18.1%
Germany 23.00 18.60 27.00 34.90 32.90 36.40 +36.8%
Greece 2.59 1.93 2.34 2.39 1.94 1.59 -38.6%
Hungary 1.30 1.56 1.96 1.78 1.38 1.75 +25.7%
Ireland 1.24 0.82 0.76 0.62 0.80 0.69 -44.4%
Italy 26.30 24.60 32.90 40.20 31.90 37.00 +28.9%
Latvia 0.18 0.26 0.48 0.51 0.39 0.56 +67.9%
Lithuania 0.39 0.71 1.12 1.30 1.24 1.76 +77.8%
Luxembourg 0.41 0.69 0.81 0.82 0.74 +44.6%
Malta 0.18 0.16 0.17 0.14 0.08 0.06 -66.7%
Netherlands 6.20 4.89 8.14 11.40 10.90 15.20 +59.2%
Poland 2.83 2.65 3.79 5.63 5.02 7.01 +59.6%
Portugal 5.47 4.54 5.07 6.00 5.10 6.14 +10.9%
Romania 1.57 2.51 5.26 5.10 4.05 5.17 +69.6%
Slovakia 0.59 0.78 1.34 1.79 1.64 2.09 +71.8%
Slovenia 0.95 0.63 0.84 1.01 0.82 0.93 -21.0%
Spain 3.79 5.04 8.30 11.80 11.30 16.80 +77.4%
Sweden 1.08 1.26 1.76 2.35 2.18 2.77 +61.0%
UK 9.33 9.00 10.30 11.30 10.10 13.50 +30.9%
EU TOTAL 129.91 119.10 162.44 189.88 161.66 182.06 +28.6%
Table 2 shows all EU-28 member states and their trade values within the EU and to the world summed
up in 1995, 2000 and 2005, due to the ATC. As well as year 2008, 2010 and 2014, due to the financial
crisis and recovery process.