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China replaces Brazil as biggest garment exporter
01
Jan '08
Statistical reports from Argentine Customer Information Quality (QIC) shows that China had replaced Brazil to become the biggest garment sourcing country for Argentina in the previous year.

The data informs that proportion of imports from China is ascending year by year, which increased from 11.3 percent in 2005 to 17.5 percent in 2006, and climbing to 34.1 percent last year. On the contrary, garment imports from Brazil descended from 27.2 percent in the year of 2005 to 16.2 percent previous year.

Reason behind such a change of market, according to experts, is value appreciation of Brazilian real has affected the export prices of products which in turn have influenced the export of garments.

On the other hand, the Chinese textile goods not only have the price advantage, but the quality is much better than before. This has put in the Chinese producers at an advantageous situation and helped to grab the Brazilian shares of Argentine market.

The report also show that Argentina imported garments worth $0.186 billion in the period from January to October last year, which is around 10 percent higher compared to the same period last year. The country exported apparels valued at $69.5 million depicting a rise by 8.6 percent.

Fibre2fashion News Desk - China

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