Export news and archive

International Apparel Federation: ‘Import Duties are Threat to Entire Industries’

The International Apparel Federation (IAF) stated that the import duties implemented by the United States pose a direct threat to entire industries. In a statement, the federation wrote that there is a risk of destabilising economies and that the duties jeopardise the livelihoods of countless employees and entrepreneurs in the clothing industry....

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Euratex signs strategic partnership with Tunisian textile federation

European industry organisation Euratex is strengthening its collaboration with the Fédération Tunisienne du Textile et de l’Habillement (FTTH). According to a press release, the strategic partnership between Euratex and the Tunisian textile federation should strengthen industrial cooperation between the two parties. Euratex indicates that it...

Fashion

Trump's tariffs spark "Buy Canadian" movement

As geopolitical tensions flare and protectionist policies return to the global stage, Canadian fashion and beauty brands find themselves caught in the crosshairs of the latest US tariff increase. President Donald Trump's newly imposed 25 percent tariff on Canadian goods, a move that could have significant implications for cross-border trade...

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Tensions on the Red Sea and in transport: Fashion is one of the most affected sectors

The cost of rent has doubled and transport times have increased considerably. The tensions surrounding the Red Sea in connection with the attacks by the Houthi Rebels are having an impact on the national and European economic system. A survey by the Italian business association Confcommercio has highlighted the impact of the crisis in the Red...

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Swiss watch exports recorded their best-ever performance

Demand for Swiss luxury watches has seen the sector record its best-ever performance. Citing a growth of 10.9 percent over 2021, November sales topped 2.4 billion francs, contributing to a stellar earnings year so far. Total exports for the year to date is 22,8 billion francs, up 11.9 percent over last year. Data from the Federation of the Swiss...

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Global demand for Chinese made fashion soars

Global demand for Chinese-made clothing surged in the first four months of the year, with a total valuation of 44.41 billion dollars exported. The data was shared by the General Administration of Customs of China, which said demand was up 51.7 percent over the same period last year. Exports surged to 44 billion dollars From January to April,...

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U.S. considers new tariffs on European goods, including fashion

European brands could soon see their products increase in price as the U.S. contemplates increasing tariffs on imports from the UK, Spain, Germany and France. The move would net the U.S. 3.1 billion dollars on select imports, which would affect large luxury groups like LVMH but also smaller, independent labels. The tariffs, which could include...