Home / Knowledge / News / Apparel/Garments / 'China's share of apparel imports surge phenomenally' - NCTO
'China's share of apparel imports surge phenomenally' - NCTO
13
Dec '08
Mr Cass Johnson, President, NCTO
Mr Cass Johnson, President, NCTO
Preliminary import figures released by the U.S. Department of Commerce show that Chinese apparel exports took a record 54 percent of the U.S. apparel import market in November and Chinese exports in key quota categories are surging by as much as 132 percent as China approaches the end of quotas on January 1st. November was the first month in history that the Chinese share exceeded 50 percent.

Cass Johnson, President of NCTO, said that while Chinese exports dipped earlier in the year, this end of year surge was not a surprise: “When the Chinese government saw textile exports underperforming, they did what they have always done – they increased subsidies. China has pumped $10 billion in new export subsidies into their textile sector since July and they are having the desired effect.”

Johnson noted the Chinese actions made a mockery of their agreement at the G-20 to avoid protectionist measures. He urged the incoming Obama Administration to work to save U.S. jobs by responding quickly if the Chinese surge continues into 2009.

Johnson said, “This is a dangerous moment for our industry and our workers. Our country is in the midst of deep economic downturn, the textile sector is already suffering, and 66,000 textile and apparel workers have lost their jobs during the first eleven months of the year.

Now, the Chinese government is pouring money into its textile sector in a bid to grab market share. The new Administration needs to send a message that U.S. textile jobs are not available for China's picking.”

China's share of the U.S. apparel market fell early in 2007 but has climbed through the rest of the year as the Chinese government increased textile subsidies on three different occasions and began devaluing the Yuan.

In categories still under quota, Chinese exports from September to November are running as much as 132 percent ahead of 2007 numbers. (2007 was China's biggest export year in history in apparel).

In men's cotton trousers, China is 132 percent ahead of 2007 numbers, in women's cotton trousers China is 115 percent ahead, in women's knit shirts, China is 58 percent ahead.

Johnson observed that “It is telling that in the worst retail market in memory, China is posting some of the biggest end of year export gains in history.”

In related news, trade figures from the European Union show that imports from China surged following the removal of safeguard quotas in 2008.

Exports of Chinese goods under safeguard increased by 45 percent during the first eight months of 2008 while prices of Chinese textile and apparel products under safeguard dropped an average of 12 percent.

Click here to view apparel import statistics.

National Council of Textile Organsiations


Must ReadView All

Textiles | On 22nd Aug 2017

Cotton yarn futures trading begins in China’s Zhengzhou

Cotton yarn futures trading recently began on the Zhengzhou Commodity ...

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search