Home / Knowledge / News / Apparel/Garments / Textile cos rapidly losing interest in US market
Textile cos rapidly losing interest in US market
03
Jun '08
According to the statistics, the average custom-clearance rate of Chinese brassiere products this year till May 20, stood at 17.95 percent, down by almost 2.73 percent than the same period of last year.

Market insiders inform that Chinese textile industry did not attract much interest from the US buyers at the 103 China Import and Export Fair held in last month.

In the past, Chinese textile and clothing products were mainly exported to Hong Kong, the US and EU, but, now EU was replacing US to become the second biggest export market.

Recently, Chinese government issued export quota to US to a total of 3698 Chinese textile and clothing enterprises. This figure shows a drop of 7.8 percent than last time. Of these, only 58 percent of the bra manufacturers applied for this quota and only 27.6 percent of the plant-fibre trousers enterprises were interested.

Experts analyze that with the slow down in the US economy, many Chinese enterprises have lost interest and instead of bidding for US export quota, are preferring to explore newer markets and avenues of business.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 23rd Jan 2017

Textile & clothing trade fair Momad Metrópolis begins Feb 3

Spanish textile and clothing trade fair Momad Metrópolis will be held ...

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search