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With Global Export Share Of 7.75%, UAE Stands Third Globally In Textile Exports, Ahead Of Germany, France, Italy, Spain, Netherland And China |
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According to a study conducted by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Kolkata, the UAE is the world’s third largest exporter of textiles, after USA and UK. The study reveals that the UAE exported $1623.76 million worth of textiles, representing 7.75% share of the global export market. Mr. Midhat M. Abu Ghazaleh, CEO, Abughazaleh Trading Company, (ABCO) said that of the total textile global exports of over $ 20939.80 million, the UAE commands a share of 7.75%, which reflects strongly on the development of the country’s textile industry. The UAE comes third after USA (20.38%) and UK (8.11%) and outstrips Germany (7.65%), France (4.46%), Italy (3.74%), Spain (3.08%), Netherlands (2.57%), Bangladesh (2.83%) and China (2.10%). These top ten occupy a combined share of 62.30% of the total global exports of textile.” “The UAE has overcome the challenges of the global market such as volatility in price, rising input cost, energy crisis and lack of marketing exposure. The secret of textile industry success in the UAE is that the country sets up trends that others follow.” Mr. Abu Ghazaleh highlighted these figures in the context of the highly promising comeback of the textile industry. “The UAE textile industry is the largest trading sector in the country after oil, and is also one of the biggest employment providers in the industrial sector,” he added. Comparing the UAE textile industry to India’s, Abu Ghazaleh added: “The textile sector in India, for example, ranks next to agriculture and it is one of India’s oldest industries with a formidable weightage in the national economy, as it contributes 14 per cent of manufacturing value-addition, accounting for nearly one-third of the gross export earnings and provides gainful employment to millions of people.” Abu Ghazaleh said: “The textile industry is undergoing a major reorientation toward non-clothing applications, known as technical textiles, which are growing roughly at twice rate of textiles for clothing applications and now account for more than half of total textile production.” Technical textiles have many applications, including bedsheets; filtration and abrasive materials; furniture and healthcare upholstery; thermal protection and blood-absorbing materials; seatbelts; adhesive tape, and multiple other specialized products and applications. “Most of the production of jute, yarn, apparel, clothing and garments takes place in Asian countries like China and India, both leading manufacturers of textiles. The UAE, being strategically located as a border market to the major production areas, is doing very well, in re-exporting to all parts of the world. This can be attributed to the ease in logistics as well as the low costs of shipping in and out of the country.” Abughazaleh Trading Company (ABCO) is one of the leading general trading companies in the UAE since 1975. It is a wholesale distributor and manufacturer of all types of apparel, footwear, luggage, hand bags and house hold products. Their line of business also covers services in real estate, logistics and franchising. The company operates in GCC countries, MENA, South Africa, South East Asia, East Europe and Russia. |
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