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China's textile and clothing exports witnessed a notable decline of 8.1% in 2023, amounting to the equivalent of $293.6 billion, according to figures released by the Chinese textile sub-council CCPIT-Tex. When adjusted for exchange rate effects, the decline stands at 2.9%.

The recent issuance of Minister of Trade Regulation Number 36 of 2023 by the Indonesian government, which addresses import policies, has stirred concerns, particularly among batik craftsmen, notably those in small and medium industries (IKM). While the policy aims to regulate the import of textiles and batik textile products for the needs of ministry agencies or public interest, its potential impact on local artisans has raised apprehensions.

In a bid to capitalize on positive developments observed in the final quarter of this year, the Vietnam Textile and Apparel Association (VITAS) has set an ambitious target of $44 billion in earnings from textile and apparel exports in 2024. The announcement was made by VITAS Chairman Vu Duc Giang during a recent press conference.

Pakistan's textile industry, which has been a vital cornerstone of the national economy, is facing a severe crisis. According to the caretaker federal minister for commerce, more than 1,600 textile factories have shuttered in the country over the last 16 months. A combination of factors, including high energy costs, gas supply shortages, low gas pressure, and complications in the sales tax refund system, are driving this downturn.

  1. Indonesian President Orders Import Tightening
  2. Indian Garment Production Witnesses Sharp 22.6% Decline in April-August Period
  3. Low Cotton Prices Boost Pakistani Yarn Exports Despite Challenging Year
  4. Bangladesh's Textile Sector Leads in Foreign Investment Inflows, Reaching $1.229 Billion in FY '23