Home / Knowledge / News / Apparel/Garments / Guangdong clothing exports to US witness unexpected surge
Guangdong clothing exports to US witness unexpected surge
23
Nov '09
While growth decline of China's textile and garment exports expanded to 12.5 percent in October, Guangdong garment exports to the United States provided an unexpected increase of 27.1 percent.

China's total garment exports amounted to US $87.896 billion from January to October of 2009, down 10.9 percent year on year.

Guangzhou Customs statistics show that Guangdong garment exports recorded $18.25 billion from January to October this year, down 10.4 percent compared with the same period last year. October exports registered $1.92 billion, down 16.2 percent year on year, 9.9 percent from the previous month.

But unexpectedly, situation of garment exports to the United States continued to improve, though the overall scenario of exports from the sector to overseas markets, continued to be pessimistic.

From January to October this year, Guangdong garment exports to the US reached $3.47 billion, an increase of 14.5 percent year on year, especially October exports fetched $420 million, a substantial increase of 27.1 percent.

In contrast, exports to Hong Kong and the EU showed no obvious signs of improvement. From January to October this year, Guangdong garment exports to Hong Kong scored $4.42 billion, down 15 percent year on year and that to the EU marked $4.23 billion, down 13.1 percent year on year.

Exports to the three markets mentioned above accounted for 66.4 percent of total value of Guangdong garment exports.

China's apparel exports to the US is expected to take the lead in recovery due to some positive factors such as elimination of quotas, as Chinese apparel exports to the United States achieved an increase of 4.5 percent in the first 9 months this year.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 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