Home / Knowledge / News / Textiles / 'China's textile exports growth may beat target in 2014'
'China's textile exports growth may beat target in 2014'
Jan '14
China’s Ministry of Commerce has set textile and garment export target of 8 percent for the current year, but the China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) expects the industry to perform better than the target and post export growth of about 10 percent.
The US and the EU markets continue to pick up and therefore China’s textile export market situation in 2014 is better than in 2013, Jiang Hui of CCCT said.
According to the Customs data, Chinese textile and clothing exports earned US$ 283.99 billion. Segment-wise, the textile sector exports were valued at $106.944 billion, up 11.6 percent year-on-year, while the apparel sector exports were worth $177.046 billion, up 11.2 percent year-on-year.
However, many market analysts opine that the actual level of exports in 2013 were lower than the data given by the General Administration of Customs. Jiang Hui believes that the real growth rate of China’s textile and garment exports to be around 10 percent in 2013.
In 2014, the Chinese Government would implement the cotton subsidy policy and end the policy of temporary purchase and storage of cotton, which is expected to narrow the difference between the prices of cotton in the domestic and international markets, which in turn, would be conducive in enhancing the international competitiveness of China’s textiles and apparel in export market.
At present, compared to its Southeast Asian counterparts, the Chinese textile and clothing enterprises have advantage of good service, prompt delivery, and product quality, but many Southeast Asian firms are gradually catching up.
In recent years, Vietnam, in particular, has become a strong competitor to China’s garment industry. In 2013, Vietnam’s textile and apparel exports surged 19 percent year-on-year to cross the $20 billion-mark.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search