Home / Knowledge / News / Textiles / Chinese textile & garment exports crash in Feb
Chinese textile & garment exports crash in Feb
16
Mar '12
Chinese textile and garment exports crashed in February 2012 from its previous month, according to customs statistics.

China's textile and apparel exports nosedived to US $9.712 billion in February 2012, down a massive 54.87 percent from January and also fell 7.01 percent from a year ago.

In January, textile and apparel exports had stood at $21.48 billion, of which garment shipments scored $13.8 billion, up a nominal 3.5 percent year on year and textile exports realized $7.68 billion, down 6.8 percent.

In February 2012, exports of textile yarn, fabrics and textile products fetched $4.26 billion, a rise of 5.90 percent from a year ago, but down 44.45 percent from January.

Shipments of apparel and clothing accessories reached $5.44 billion, down 15.10 percent from a year earlier, and crashed 60.64 percent from the previous month.

In the first two months of 2012, China's total textile and apparel exports completed $31.23 billion, down 2.59 percent year on year.

China's domestic market too was not optimistic. February retail sales of 50 key large retailers fell 2.78 percent year on year, of which sales of clothing products fell 5.53 percent.

The growth rate in retail sales of clothing products declined 21.72 percent from January to February.

The decline in both exports and domestic demand has cast a shadow over the market. Future consumption situation of textiles and apparel remains confused.

Fibre2fashion News Desk - China


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search