Apparels

Switzerland’s apparel imports rose 8.57 per cent YoY to $9.08 billion in 2025, supported by resilient consumer demand and diversified sourcing.
China remained the top supplier, followed by Bangladesh, Italy, Turkiye and Vietnam.
The data reflects a dual sourcing strategy balancing Asia-led value procurement with premium European fashion suppliers.

Founded in 2020 by husband-wife duo Swaroop Krishnan and Gopika B Raj, the company had previously secured $1.25 million in a seed funding round in February 2025.

Finance Minister Nirmala Sitharaman said the government is closely monitoring gold prices, noting that while the metal usually sees seasonal demand during festivals, prices have not crossed certain limits and are not at alarming levels. She said India relies heavily on imported gold as domestic production is limited, and household demand typically rises during festive periods, with global central bank purchases also contributing to price spikes.

Joe Foster delved into the rich legacy of Reebok at the Great India Retail Summit, tracing its roots back to 1895 when the brand revolutionized running with spiked shoes. His grandfather’s pioneering spirit, combined with athlete collaborations and adventurous marketing tactics, set the stage for success.

Gold and silver are poised for further gains next week as investors flock to safe havens amid renewed trade tensions and Middle East geopolitical strains. Analysts are closely monitoring key US economic data and China’s lending rate decision for market direction. Escalating global tariffs and regional conflicts are bolstering demand for precious metals as a hedge against uncertainty.

Argentina’s apparel imports surged 97.35 per cent YoY to $681.19 million in 2025, driven by import policy easing, improved access to foreign exchange and inventory restocking.
Volumes rose to 38.07 million kg, while average prices fell to $17.89 per kg.
Asia-Pacific dominated sourcing with an 84.16 per cent share, led by China, as retailers rebuilt stocks amid limited domestic manufacturing capacity.

Globally, the luxury boom is cooling, with prices for prestige assets like watches and fine wines dropping 10-20%. However, India is experiencing a surge in demand for Swiss watches, with exports rising significantly. This presents a unique opportunity for Indian buyers to enter a market that is correcting worldwide but expanding locally.

Vietnam’s apparel exports to Europe rose to $9.402 billion in 2025, extending post-pandemic growth on stronger EU demand and supply-chain stability.
Woven garments led shipments, while man-made fibres dominated by material share.
The upward trend since 2020 reflects gains from the EU–Vietnam FTA, diversified product capability and deeper integration into European sourcing networks.

Bangladesh and Japan have signed EPA.
Japan will allow duty-free entry for Bangladeshi garments, while Dhaka will gradually cut tariffs on selected Japanese goods after ratification.
Pact will help Bangladesh avoid 8–15 per cent MFN tariffs.
Some analysts warn of competitive pressure from reciprocal duty cuts on Japanese apparel inputs.
Leather products do not receive immediate zero-tariff access.

In India, the fashion landscape is undergoing a transformation. Athleisure is not just for workouts anymore; it’s becoming a staple in daily wardrobes. Denim styles are evolving to incorporate fresh, innovative designs. Fast fashion allows consumers to quickly access the latest international trends at wallet-friendly prices. Meanwhile, luxury retail is on the rise, offering exclusive experiences.