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Clothing exports rebound from Shandong port in January
14
Mar '09
According to Qingdao Customs statistics, in January 2009, textile and garment exports from Shandong port reached US $1.3 billion, a growth of 8.3 percent over the same period last year, of which, clothing exports registered $720 million, an increase of 26.3 percent while textile shipments marked $580 million, down 7.9 percent.

According to statistical analysis of the previous year, textile and garment export growth of Shandong port had showed a significant fall since August 2008. December 2008 witnessed a negative growth, and exports from the sector stood at $1.24 billion, down 2.3 percent year-on-year and 11 percent from the previous month.

With a number of various stimulating policies introduced by the country including increasing drawback rates five times in the last few months, exports in January 2009 rebounded and showed a year-on-year increase of 8.3 percent and a month-on-month growth of 5.5 percent.

The United States has started to publish a bi-weekly statistical report on Chinese textile and apparel imports since December 1, 2008, aiming to monitor import quantity of related Chinese products and closely monitor China's textile and garment shipments to the U.S after the expiration of import quotas.

The United States has also implemented a new regulation of textile and garment imports in February 2009 and any textile and garment exported to the U.S. will not only be destroyed, but will also face severe penalties, if they do not meet American safety requirements.

Qingdao Customs has recommended that the textile and garment enterprises of the region should speed up structural adjustment and industrial upgrading to improve core competitiveness of products and add value to the final products and should also change from 'scale-oriented' to 'efficiency-oriented' enterprises.

They have also suggested that, at the same time, these companies should also strengthen their quality in line with new regulations implemented by the US and EU and pay close attention to signs in related policy changes in the key markets of the textile and clothing enterprises of Qingdao province.

Fibre2fashion News Desk - China


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