Madagascar textiles to be resold in Europe

In 2009, Madagascar’s exports of clothing and textile goods to the United States were US$212 million, a decrease of 24% compared with 2008.
However, the decline in 2009 was only a prelude, and Madagascar’s export volume really suffered a heavy blow in 2010. Since the U.S. government announced in late December 2009 that Madagascar would continue to enjoy the benefits of the “African Growth and Opportunity Act” (AGOA), all goods exported by Madagascar to the United States must repay tariffs in accordance with U.S. market regulations. This policy had an immediate effect, and at the end of February 2010 Madagascar’s textile exports to the United States plummeted 49% year-on-year.
The United States’ cancellation of Madagascar’s benefits under the African Growth and Opportunity Act (AGOA) not only affected Madagascar’s garment exporters, but also led to the collapse of a large number of local textile companies, unemployment of workers, and the withdrawal of investment from Asian investors who had previously been able to enter the U.S. market duty-free.
Fortunately, Madagascar’s export prospects to the EU are looking promising. Although Madagascar’s exports of clothing and textiles to the EU fell by 8% in 2009, overall, the EU market still has great development potential.
It is understood that in 2009, Madagascar’s textile and garment exports to the EU were mainly concentrated in France. The other two major markets are Germany and the United Kingdom, accounting for 18% and 13% respectively. Followed by Spain (7%), Italy (6%), Belgium (4%), and the Netherlands (2%). The main export commodities to the EU include cashmere sweaters (87 million euros), trousers (17 million euros), silk skirts (14 million euros), men’s shirts (10 million euros), T-shirts (8 million euros), and women’s shirts (700 million euros). million euros), skirts (except silk skirts) (7 million euros), business attire (7 million euros), baby clothes (6 million euros).