Jordan's garment exports up 2.8% YoY to $362 mn in Jan-Feb 2025
Jordan's goods and services exports rose by 8.1 per cent year on year (YoY) to reach JD1.309 billion (~$1.846 billion) in the first two months this year, according to the department of statistics.
The growth was largely driven by higher external demand for several of Jordan's main export commodities, domestic media outlets reported.
Garment exports increased by 2.8 per cent YoY to reach JD257 million (~$362.63 million) during the period. The apparel sector continues to benefit from established trade agreements and competitive production costs.
Jordan's exports rose by 8.1 per cent YoY to reach JD1.309 billion (~$1.846 billion) in the first two months this year. The growth was largely driven by higher external demand for several of Jordan's main export commodities. Garment exports rose by 2.8 per cent YoY to reach JD257 million during the period. The apparel sector continues to benefit from trade agreements and competitive production costs.
However, the overall export landscape was tempered by notable declines in other key sectors. Despite these setbacks, the overall growth in national exports signals resilience in Jordan's trade performance, bolstered by diversification across several high-performing sectors.
Fibre2Fashion News Desk (DS)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
15 hours ago
- Fibre2Fashion
Vietnam's textile-garment sector sees 9% YoY export growth in Jan-Jul
Vietnam's textile and garment export turnover surpassed $26.33 billion in the first seven months this year—an increase of 9 per cent year on year (YoY). The sector needs to achieve monthly exports of over $4 billion during the remaining months of the year to meet the annual target of $47-48 billion. This seems tough as Vietnamese exports to the United States face tariffs of up to 20 per cent, which is a key disadvantage compared to competitors. Vietnam's textile and garment export turnover surpassed $26.33 billion in the first seven months this yearâ€'a rise of 9 per cent YoY. The sector needs to achieve monthly exports of over $4 billion during the remaining months of the year to meet the annual target of $47-48 billion. This seems tough as exports to the US face tariffs of up to 20 per cent, which is a key disadvantage compared to competitors. Industry insiders foresee a turbulent second half this year and companies are being urged to review and upgrade equipment to meet new orders efficiently, a domestic news agency reported. Businesses are also being encouraged to improve workforce skills and transition from traditional cut-make-trim operations to more advanced production models like free on board, original design manufacturing and original brand manufacturing. These upgrades are essential to enhancing product value and strengthening Vietnam's position in the global supply chain. Companies also need clearer market information and must leverage trade, export and payment policies to better manage risks amid shifting regulations. Fibre2Fashion News Desk (DS)
Fibre2Fashion
15 hours ago
- Fibre2Fashion
Drewry WCI continues to see bearish tone, drops 3%
The Drewry World Container Index (WCI)—a composite measure of container freight rates—continued to fall sharply, declining for the eighth consecutive week. The index dropped by 3 per cent to $2,424 per 40-foot equivalent unit (FEU) on August 7, down from $2,499 per FEU the previous week. The volatility began after US tariffs were announced in April, which caused rates to surge from May through early June. This was followed by a steep decline until mid-July, after which the downward trend lost momentum and the pace of decline slowed considerably. Drewry WCI fell for the eighth straight week, down 3 per cent to $2,424 per FEU on August 7. Transpacific rates declined, with Shanghaiâ€'Los Angeles down 4 per cent and Shanghaiâ€'New York down 7 per cent, while slight easing was seen on several other routes. Drewry expects spot rates to remain relatively stable in the short term but warns of renewed weakness in the second half of 2025. Transpacific spot rates fell this week, with Shanghai–Los Angeles down 4 per cent to $2,534 per FEU, and Shanghai–New York down 7 per cent to $3,826 per FEU. Since the rush to ship cargo ahead of the tariff increase has subsided, Drewry expects spot rates to remain less volatile in the coming week. Rates eased slightly on Shanghai–Rotterdam ($3,276 per FEU), Los Angeles–Shanghai ($711 per FEU), and Rotterdam–New York ($1,996 per FEU). Meanwhile, Shanghai–Genoa fell 4 per cent to $3,227 per FEU, Rotterdam–Shanghai slipped 1 per cent to $489 per FEU, and New York–Rotterdam dropped 3 per cent to $853 per FEU. Drewry's Container Forecaster expects the supply–demand balance to weaken again in the second half of 2025, causing spot rates to contract. The volatility and timing of rate changes will depend on President Donald Trump's future tariff decisions and on capacity changes linked to the US penalties on Chinese ships, both of which remain uncertain. Fibre2Fashion News Desk (KUL)
Fibre2Fashion
a day ago
- Fibre2Fashion
India's Vishal Fabrics' income climbs 17% in Q1 FY26
Vishal Fabrics Limited's total income grew by 17 per cent to ₹397.18 crore (~$45.42 million) in the first quarter (Q1) of fiscal 2026 (FY26) as compared to ₹340.10 crore (~$38.89 million) in the corresponding quarter of the previous financial year. The consolidated net profit stood at ₹9.16 crore (~$1.05 million) for the quarter, reflecting a strong growth of 92 per cent as against ₹4.78 crore (~$0.55 million) in Q1 FY25. The performance was driven by healthy revenue momentum, efficient cost management, and strategic business initiatives, the company said in a press release. Vishal Fabrics reported a 17 per cent rise in Q1 FY26 income to ₹397.18 crore (~$45.42 million) and a 92 per cent jump in net profit to ₹9.16 crore ($1.05 million), driven by strong revenue, cost efficiency, and strategic initiatives. CFO Dharmesh Dattani highlighted growth opportunities from the UK FTA and plans to expand into Latin America, Europe, Africa, and Bangladesh. "Sustained focus on efficiency and quality was the key trigger to nearly doubling our PAT. The Indian textile industry is going through an interesting phase, with the recently concluded FTA with the UK which will open up newer opportunities for the sector. We are extremely bullish on the future of the industry,' Dharmesh Dattani, CFO of Vishal Fabrics Limited , said. 'The company will continue to focus on new geographies for growth, operational efficiency, and value-added product offerings. In the quarters to come our focus will be to expand our presence in Latin America, Europe, Africa and Bangladesh,' concluded Dattani. Fibre2Fashion News Desk (RR)
