DESPITE persisting global challenges worsened by the Russia-Ukraine conflict, the country’s garment and textile exports this year may expand by almost half to $1.5 billion as the industry is keen on filling up supply gaps by other producers.
In a statement, the Foreign Buyers Association of the Philippines said the domestic garments, textile and apparel industry has already received bulk orders from countries that cannot be served by Vietnam, China India and Bangladesh due to “minimum order quantity requirement.”
Young said the industry would be able to fulfill its orders despite persisting supply chain problems such as port congestions. Young said the country’s shipments on apparel, textile and garments last year reached $1.052 billion—$758 million of which was accounted for by garments and apparels, and textile, $294 million.
Young explained that bulk or about 80 percent of the country’s textile and garment exports are shipped to the United States, while 20 percent to the European Union, Australia, Canada, and Asean countries.
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