Home / Knowledge / News / Apparel/Garments / Chinese exports into EU likely to dip
Chinese exports into EU likely to dip
Jun '10
An official of the Ministry of Commerce, Huo Jianguo has recently pointed out that the growth rate of China's exports to the EU remains at 16 percent currently, but with the rapid depreciation of the Euro, growth rate of China's exports to Europe is expected to set back.

According to him, the growth rate of China's exports to Europe in June will decline more obviously and the rate is likely to further reduce by 6 percent to 7 percent.

The EU is currently China's leading export market, accounting for 16 percent of China's foreign trade size and is also the largest market for China's textile and apparel exports. Due to the debt crisis, the Euro has depreciated by about 15 percent.

For small and medium textile enterprises with average profit margins of between 3-5 percent, profits from their orders for settlement in the Euro currency have plummeted into negative zone.

On the other hand, April unemployment rate in the Euro zone has reached the highest in history since 1999, which will mean overall spending power in the EU will decline, which is likely to further impact demand for consumer goods, such as textiles and garments.

Compared to weak European market, the US market looks better in performance. Customs figures show that from January to April, China's textile and garment exports to the US increased by 21.54 percent in volume from January to April.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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