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China's natural fibre exports to Vietnam continue to grow
20
May '13
China’s exports of natural fibre items to the Southeast Asian country of Vietnam have shown sustained growth in the first quarter of 2013. During the first three months of 2013, Vietnam accounted for import of US$ 590 million worth of natural fibre products from China, which is a rise of 20.6 percent compared to the same period of last year.
 
Similarly, the natural fibre products exported to Hong Kong and Bangladesh have also increased during the three-month period. 
 
According to statistics, the natural fibre products exported by China to Hong Kong increased by 25.3 percent year-on-year and were worth US$ 890 million.
 
Likewise, China’s exports of products made from natural fibre to Bangladesh zoomed by 35.8 percent to US$ 550 million during January-March 2013.
 
In fact, Vietnam, Bangladesh and Hong Kong collectively accounted for 37 percent of China’s total exports of natural fibre products.
 
The rising production cost in China is one of the reasons for increasing orders for apparel manufacturing being placed with countries with low labour costs, including Vietnam and Bangladesh.
 
Besides the high production costs, the increase in trade barriers for textile and apparel products in the international markets, is a reason for increase in China’s exports of natural fibre products to the Asian regions.
 

Fibre2fashion News Desk - China

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