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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


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