Important :
  • GoSourcing-Bangladesh - Is a part of the Fourth Industrial Revolution which is changing how we live, work, and communicate. Besides other things, it's reshaping commerce too....
  • GoSourcing-Bangladesh - the future of doing business for the Apparel Sourcing sector
  • New companies being added each day. Please refine your search & start networking!
  • Join GoSourcing-Bangladesh as a Buyer for free to See, Compare and connect with Bangladeshi Apparel Manufacturers & Suppliers
  • Subscribe to GoSourcing-Bangladesh now as Seller, where the global buyers can look for you and you can search for buyers too
  • If you are a Seller, upgrade your subscription to Silver or Gold tier to unlock more features
  • A message to our Sellers. Please ensure your Company profile is completed. Buyers like to see completed profiles to know you and your products better

Russia plans to double textile exports

Russia plans to double textile exports

A-  A  A+

Russia plans to double textile exports by 2025. Last year, exports of Russian-made textile products were almost 20 per cent higher than in 2016. However, despite this, textile products as a proportion of all Russian exports last year accounted for only 0.4 per cent.

The plan is to make this about two percent by 2025. One key to this growth and planned export expansion has been the devaluation of the Russian currency in recent years. This has made exports more attractive for Russian textile producers, even compared to deliveries to the domestic market. 
A decade ago, the condition of Russian textile industry was catastrophic. It was badly affected by the decline of the Russian economy in the 1980s and 1990s. Many textile factories went bankrupt, while the market was occupied by cheap textile goods from South East Asia. However, the situation has changed significantly since then, while Russian textile goods have begun to enjoy significant demand both in the domestic market and abroad.
Russian exporters face good prospects because of an increase in labor costs in China and some South East Asian production hubs, the prices of Russian goods becoming more competitive as a result.

Home All News