Fashion
India’s merchandise exports up 3.02% YoY during Apr-Sep 2025
Total imports for the month was an estimated $83.82 billion—a positive growth of 11.34 per cent YoY.
India’s total exports—merchandise and services—during April-September 2025 was estimated at $413.3 billion—a growth of 4.45 per cent YoY.
Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.
Merchandise exports during the six months were worth $220.12 billion—a 3.02-per cent YoY growth.
Merchandise imports during the period were worth $375.11 billion.
The country’s total exports during April-September this year was estimated at $413.3 billion—a growth of 4.45 per cent YoY. Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.
Merchandise exports during September 2025 were worth $36.38 billion compared to $34.08 billion in the same month last year. Merchandise imports during the month were worth $68.53 billion compared to $58.74 billion in September 2024.
Merchandise exports during April-September 2025 were worth $220.12 billion compared to $213.68 billion during the corresponding period last year—a 3.02-per cent YoY growth. Merchandise imports during the six months were worth $375.11 billion compared to $358.85 billion during April-September 2024.
Merchandise trade deficit during April-September 2025 was worth $154.98 billion compared to $145.18 billion during the corresponding period last year, a release from the Ministry of Commerce and Industry said.
The top five export destinations in terms of change in value exhibiting positive YoY growth in September 2025 were the united Arab Emirates (24.33 per cent), Spain (150.81 per cent), China (34.18 per cent), Bangladesh (23.06 per cent) and Egypt (67.29 per cent).
The top five export destinations exhibiting positive YoY growth in April-September 2025 were the United States (13.37 per cent), UAE (9.39 per cent), China (21.96 per cent), Spain (40.33 per cent) and Hong Kong (23.53 per cent).
The top five import sources in terms of change in value recording YoY growth in September were Switzerland (254.57 per cent), UAE (32.83 per cent), China (16.35 per cent), Saudi Arabia (18.86 per cent) and Nigeria (896.11 per cent).
The top five import sources showing YoY growth in April-September 2025 were China (11.25 per cent), UAE (13.22 per cent), Ireland (200.09 per cent), the United States (9.03 per cent) and Hong Kong (19.99 per cent).
Fibre2Fashion News Desk (DS)
Economic momentum remained strong at the end of 2025, with real GDP expanding 8.4 per cent year on year (YoY) in the fourth quarter, the fastest pace in several years. Growth was driven by robust export-oriented industrial production. Credit growth surged to 19.4 per cent YoY by December, well above deposit growth of 14 per cent, SBV said in a release.
Vietnam’s interbank rates, which rose sharply in late 2025, are expected to ease in 2026 as credit growth and economic momentum cool.
GDP expanded 8.4 per cent year on year in Q4, while credit growth of 19.4 per cent outpaced deposits.
Despite a strong 2025, US tariff risks remain.
The SBV is likely to keep rates steady while targeting slower credit growth.
While Vietnam enters 2026 on a positive footing after achieving an estimated 8 per cent growth in 2025, external risks remain significant for the export-driven economy. Goods exports to the US, which account for around 30 per cent of the total, face the lagged impact of 20 per cent reciprocal tariffs, uncertainty over transshipment duties, and the risk of additional sectoral measures, including possible semiconductor levies.
Monetary authorities have signalled a cautious policy stance for 2026 despite an official GDP growth target of 10 per cent, which analysts view as difficult to achieve. Growth is expected to moderate to around 6.5 per cent, while the SBV has set a lower credit growth target of 15 per cent to limit overheating and resource misallocation risks.
The refinancing rate is expected to remain unchanged at 4.50 per cent, though the possibility of an unexpected rate hike cannot be ruled out if liquidity strains persist.
Fibre2Fashion News Desk (HU)
Published
January 16, 2026
Moncler and Rick Owens have unveiled their first-ever summer collection, expanding their ongoing collaboration with a warm-weather offering inspired by Berlin’s brutalist architecture and Moncler’s outdoor expertise.
Designed as a lightweight, warm-weather uniform, the collection reflects Rick Owens’ vision of where nature and city meet, described by Owens’ as “brucolic.”
Notably, as part of the Spring/Summer 2026 lineup, kilt-style shorts and slinky, asymmetric jersey skirts are paired with tonal hiking socks and Trailgrip Megalace sneakers, reinforcing the collection’s emphasis on movement and adaptability. The color palette is characterized by black, dark dust, vintage olive, and a bold carnelian red, which appears for the first time in this season’s collaboration.
Other collection highlights include quilting and graphic embroidery, lightweight outerwear in leather and nylon, as well as summery windbreakers and relaxed jerseys that play with proportion and silhouette. Consistent with the designer’s ethos, the collection embraces gender-neutral styling across relaxed bombers and nipped-in, cropped styles, with exaggerated shoulders. Completing the collection are accessories including sunglasses, quilted bucket hats, caps, and waistbags.
The collection launches with a series of intimate images shot by Juergen Teller, featuring Rick Owens and his wife and longtime muse Michèle Lamy, alongside Teller himself and his wife and creative partner Dovile Drizyte. The candid photographs capture moments of affection, reinforcing themes of love, passion, and human connection.
The collection is now available online, as well as in selected Moncler boutiques, Rick Owens flagship stores, and select retailers worldwide.
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