Hungary’s apparel imports fall as Europe remains dominant supplier

Hungary’s apparel imports dipped in early 2025 as inflation, weak consumer demand and disruptions linked to the Russia–Ukraine conflict weighed on trade.
Europe maintained its dominance due to shorter lead times and stable logistics, while Asia-Pacific made only gradual gains.
The sourcing pattern remains consistent, with limited diversification expected in the near term.

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US brand Levi’s teams with Microsoft on new AI super-agent platform

Levi Strauss & Co. is partnering with Microsoft to build an AI super-agent that streamlines corporate workflows and supports its DTC-first strategy, with rollout beginning in early 2026.
The company has also launched Outfitting, an AI styling tool on its app, and is expanding STITCH, an AI assistant for store teams, to 60 US locations ahead of broader deployment next year.

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Gold rush sparks concerns for India’s wide trade deficit

India’s goods trade deficit widened significantly to a record $42 billion in October, driven by a threefold surge in gold imports to $14.72 billion. This rise, coupled with a widening oil deficit, overshadowed a slight improvement in the electronics deficit. Merchandise exports also contracted sharply by 11.8% year-on-year, raising concerns about the country’s external balances amidst slowing global trade trends.

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ZILO expands category portfolio, Opens second dark store in Mumbai

ZILO has unveiled its second dark store in the bustling city of Mumbai, taking a significant leap in its retail strategy. With an exciting range of new items including accessories, footwear, bags, watches, and fashion jewellery, this expansion is all about speed and variety. Customers can now enjoy quicker deliveries and an enriched inventory of fashionable lifestyle products.

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Garment exporter-backed political outfit gears up to ruffle LDF, UDF in Kerala’s local body polls

Political party Twenty20, founded by Kitex Garments promoters, plans to contest in half of Kerala’s districts for upcoming local body polls. The party aims to replicate its successful governance model, which has turned panchayats into revenue surplus entities, despite the chairman facing alleged harassment in Kerala.

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Govt imposes import curbs on certain platinum jewellery to check misuse of FTAs

In September, the government had imposed restrictions on imports of certain silver jewellery till March 31 next year. The move was aimed at curbing imports of these precious metals in the name of unstudded jewellery from countries like Thailand. India has a free trade agreement with ASEAN (Association of South-East Asian Nations). Thailand is a member of this 10-nation group. The India-ASEAN free trade agreement on goods was signed in 2009.

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