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Shipments from China account for 50% of all RMG imports
14
Jul '08
Total global imports of ready made garments in 2007 amounted to US $6.88 billion of which knit apparels accounted for $3.34 billion and woven apparels $3.53 billion. This helped in registering an overall growth of 11.94 percent with $6.15 billion compared to 2006.

Exports from China dominated all other major countries with a lion's share of more than 50 percent in global apparel exports to Canada. Shipments from China in 2007 total $3.63 billion compared to $3.02 billion in 2006, a growth of 20.22 percent over 2006. Of this knit apparels touched $1.73 billion and woven apparels $1.90 billion.

China was followed by Bangladesh with $441.39 million a growth of only 3.1 percent over 2006. It was followed closely by USA with $395.69 million. USA was one of the few countries which registered a negative growth of 1.24 percent.

India followed at fourth pace in the pecking order with exports of $321.72 million compared to $338.9 million in 2006 a degrowth of 5.07 percent. Knit apparel exports netted $174.06 million and woven apparels with $147.65 million made up the rest.

Mexico with $283.56 million, Cambodia $184.98 million, Italy $179.03 million, Vietnam $154.8 million, Indonesia $150.44 million, Turkey $105.27 million were the other few of the major apparel exporting countries to Canada.

Cambodia recorded the highest growth rate with 44.82 percent followed by Vietnam with 25.42 and China with 20.22 percent.

The countries with negative growth rates in 2007 compared to 2006 were USA 1.24 percent, India 5.07 percent, Mexico 4.34 percent, Thailand 6.28 percent and Hong Kong with a stupendous 16.9 percent.

Click here to see figures.

Fibre2fashion News Desk - India


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