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Clothing exports plunge stupendously
23
Feb '10
Five major industrial categories of Hong Kong made products witnessed drop in export value last year, their declines ranging between a low of 13.8 percent to a massive 79.9 percent.

Industrial output value of these five categories together accounted for 59 percent of the total value of Hong Kong's domestic exports.

Exports of clothing products experienced the largest decrease last year. The drop was as high as 79.9 percent in falling to 4.5 billion Yuan.

According to analysts of Hong Kong's garment industry, the Hong Kong clothing sector is on a slippery phase since the last few years, due to the ever-changing global market economics.

Fibre2fashion News Desk - India

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