Fibre2Fashion’s Post

The US international trade deficit in goods and services rose to $84.4 billion in September from $70.8 billion in August. September exports were worth $267.9 billion, $3.2 billion less than the August figure; imports were worth $352.3 billion, $10.3 billion more than in August. In the first three quarters this year, US exports rose by 3.7 per cent YoY, while imports rose by 5.3 per cent YoY. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d_uu9JG3

China's exports rose 6.7 per cent YoY to 23.04 trillion yuan (~$3.2 trillion) and imports grew 2.4 per cent to 16.75 trillion yuan (~$2.3 trillion) during January-November 2024. The total trade increased 4.9 per cent to 39.79 trillion yuan (~$5.6 trillion). In October, trade expanded 4.6 per cent YoY. From January-October, trade rose 5.2 per cent to 36.02 trillion yuan (~$5 trillion). #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews #tradenews #importexport Read more here: https://lnkd.in/dbUXGG8H

Developing nations can learn from the achievement of Vietnam. This nation faced the most powerful country in the world and expelled it out of their homeland. It faced and is still facing embargoes on its trade. Having a trade surplus of USD 8.08 Billion in one quarter is a great achievement. On the other hand, we have our nation whose total foreign exchange reserves fluctuate around this figure.

The US trade deficit widened to $78.8 billion in July, up $5.8 billion from June, driven by a surge in imports, which outpaced modest export growth. Exports rose by $1.3 billion to $266.6 billion, while imports increased by $7.1 billion to $345.4 billion. The goods trade gap grew by $5.6 billion, and the services surplus slightly declined. U.S. Census Bureau Bureau of Economic Analysis  #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d2aW_eXt

Merchandise exports from India for FY24 may show a contraction of around 1-1.5% after two consecutive years of growth, even as March is likely to witness robust double-digit growth. Read the report here https://mybs.in/2dV0d73 #exports #India #trade #economy

In June 2024, India’s merchandise exports saw a positive growth, reaching USD 35.20 billion compared to USD 34.32 billion in June 2023, according to government data. During the same period, the merchandise trade deficit for April-June 2024 widened to USD 62.26 billion from USD 56.16 billion in April-June 2023.... Read More-https://lnkd.in/gGWuVXGc Ministry of Commerce and Industry, Government of India . . . . #IndiaExports #TradeData #EconomicGrowth #MerchandiseExports #Growth #GrowthInExports

India's merchandise exports in value terms are expected to contract by 1-1.5 per cent in 2023-24 after two consecutive years of growth

In September 2024, the Netherlands saw a 3 per cent YoY rise in export volumes, while imports rose by 5.9 per cent, as per Centraal Bureau voor de Statistiek. Despite this growth, the CBS exports radar for November indicates less favourable export conditions due to declining producer confidence in the euro area and Germany. Export volumes had fluctuated throughout 2024, with signs of stabilisation by September. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/ggu2nuzt

Vietnam saw a trade surplus of $24.31 billion in the first 11 months of 2024, with trade turnover hitting $715.55 billion—up by 15.4 per cent YoY. Export turnover during the period was worth $369.93 billion—a YoY rise of 14.4 per cent. Import turnover during the period reached $345.62 billion—up by 16.4 per cent YoY. The US was the largest export market, while China was the top source of imports. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/de-V_PHC

The value of UK goods imports at current prices (not adjusted for inflation) rose by 5.8 per cent in October, with both imports from the EU and non-EU countries rising by 5 per cent and 6.9 per cent respectively. The value of goods exports fell slightly by 0.4 per cent in the month, with a 4.6-per cent fall in exports to non-EU countries largely offset by a 4.1-per cent rise in exports to the EU. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews #EUnews #UK Read more here: https://lnkd.in/dicpnGw6