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Textile exports grew 29,61% in the first four months of 2022

Jun, 03, 2022 Posted by Gabriel Malheiros

Week 202222

According to information compiled by the Brazilian Textile and Apparel Industry Association (Abit), exports equaled US$396.3 million in the first four months of 2022, an increase of 29.61% compared to the same period in 2021. The upward movement was driven by the rise in sales to neighboring countries, such as Argentina (+36.2%), Colombia (+61.64%), and Peru (+56.8%).

Imports grew by 9.82%, reaching US$1.89 billion. The increase was driven by the average price of foreign products in the period (+38.9%) and by the increased purchases of clothing, which went from 28% to 35% of the imported value.

Even though the expansion of purchases in the flow of international trade has been significantly smaller than the expansion of sales, the trade balance had a deficit of US$1.49 billion for the four-month period.

April-specific figures show a 5.83% growth in imports compared to the same month in 2021, reaching US$369.1 million. So far, April was the month that recorded the lowest volume of imports in the year, 36.1% lower than in March 2022. Exports were US$107.85 million, up 20.13%, also in comparison to 2021.

Clothing

Clothing imports totaled US$576.9 million, up 42.56% from the first four months of 2021. However, in April alone, imports were worth US$97.2 million, making it the month with the least clothing imports in 2022, a drop of 53.5% compared to March.

Apparel exports in the four months reached US$58.2 million, an increase of 43.61%. In April, they were US$17.4 million, up 35.81% from the same month in 2021.

Volume

Compared to last year’s four-month period, imports from the textile and apparel industry reached 473,441 tonnes, down 20.96%. In April, they reached 97,857 tonnes, representing a reduction of 14.51%. On the other hand, exports in the four months totaled 70,776 tonnes, and, in April, 17,197 tonnes, increasing 9.26% and 13.77%, respectively.

Source: Cargo News

To read the full original article, please go to:

http://www.cargonews.com.br/exportacoes-do-setor-textil-e-de-confeccao-crescem-2961-no-primeiro-quadrimestre/

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