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Asean becomes fourth top market for Chinese textiles
20
Aug '12
The Asean region comprising of ten Southeast Asian countries has become the fourth largest market for Chinese textiles and garments after the European Union, the United States and Japan.
 
China’s textile and apparel exports to Asean countries during the first six months of the current year registered US$ 11.3 billion, growing at 21.5 percent year-on-year.
 
Chinese exports of yarn and fabrics to Asean nations grew by 9.5 percent year-on-year in volume during the six-month period. However, export prices of yarn and fabrics dropped by 12.3 percent year-on-year and 3.8 percent year-on-year, respectively.
 
Among Asean countries, China’s exports of textiles and clothing to Vietnam showed a very strong growth of 25.5 percent year-on-year during the first half of 2012.
 
China exported US$ 3.78 billion of textiles and apparels to Vietnam in the initial six months of this year. The figure is more than China’s annual textile and garment exports to the UK or Russia.
 
During the first half, China’s exports of woven and knitted apparels to Vietnam shot up by 187.1 percent in value and 45.2 percent in volume, mainly owing to the surge in exports of knitted garments.
 
From January to June 2012, China’s textile and apparel exports to Brazil and Russia increased by 10 percent year-on-year and 7.3 percent y-o-y, respectively, while its exports to India and South Africa decreased by 11 percent y-o-y and 1.6 percent y-o-y, respectively.
 

Fibre2fashion News Desk - China

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