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Drought-induced restrictions at Panama Canal are impacting global shipping, thus affecting textile and garment trade. With Gatun Lake's water levels low, the Panama Canal Authority has limited vessel
In the first 11 months of 2023, US textile and apparel imports fell by 20.98 per cent to $97.427 billion, with China remaining the top supplier. Apparel imports dropped by 22.40 per cent, and non-apparel
Switzerland has abolished customs duties on clothing, shoes, and industrial goods. This move, expected to save CHF 860 million annually, includes CHF 490 million in direct company savings and cuts in
Vietnam's garment exports to North America, its largest market, fell by 26.02 per cent in January-October 2023 compared to the same period in 2022. Asia-Pacific was the second-largest market, though
In 2023, Thailand's domestic natural rubber prices fluctuated, starting at $1.33 per kg, dropping to $1.26 per kg, then rising to $1.54 per kg by early 2024, a 15.78 per cent increase. Meanwhile, Bangkok's