Home / Knowledge / News / Apparel/Garments / Garment export of Guangdong slumps in H1
Garment export of Guangdong slumps in H1
30
Jul '08
In the first half of 2008, apparel exporters of China observed a decline in demand. Garment exports from Guangdong Province, the largest exporter in China, dropped by 31.3 percent from January to June; of this, exports from Shenzhen alone fell almost 58.3 percent during this period.

Industry insiders believe that, main causes which have hampered the exports of the region include upheaval in domestic and international trade market and industry restructuring.

According to recently published data from the General Administration of Customs, exports of domestic garment and accessories reached nearly US $49.96 billion from January to June. This showcases an increase of 3.4 percent from a year earlier, however, 18 percentage points decline when compared to same time of last year; far behind the growth level of 21.9 percent of national foreign trade exports.

Exports of textile yarn, fabrics and products scored almost $31.72 billion, a considerable rise of 26.8 percent.

Although Guangdong Province, accounts for 1/4 of national garment exports, clothing exports from the region has fallen this year.

According to Guangzhou Customs, during the first six months of the ongoing year, apparel and clothing accessories from Guangdong fetched approximately $10.8 billion, witnessing a substantial drop of 31.3 percent. Its contribution in national garment exports plunged from 32.5 percent in the same period of 2007 to 21.6 percent this year.

On the other hand, Shenzhen garment exports account for nearly half of Guangdong total apparel exports; from January to June this year, shipment from Shenzhen sharply declined to 58.3 percent.

Fibre2fashion News Desk - China


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Westside

Apparel/Garments | On 25th May 2018

Tata Group to open 30 new Westside stores this fiscal

Trent Ltd, a part of Tata group company, has decided to expand its...

Courtesy: L Catterton Asia

Apparel/Garments | On 25th May 2018

L Catterton obtains 10% stake in Future Lifestyle Fashions

L Catterton Asia, the Asian unit of the global consumer-focused...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search