Home / Knowledge / News / Textiles / Relocation of textile bases shrink exports
Relocation of textile bases shrink exports
17
Jul '08
According to the latest Customs data, China exported US $81.68 billion worth of textile and garment exports in the first half of this 2008, representing a year-over-year decline of 11 percent.

Industry experts believe that this is the impact of relocation of China's textile and garment industries to ASEAN and other neighboring countries and regions.

The General Administration of Customs recently released an analysis report, saying that Chinese textile enterprises, particularly those in Guangdong Province, are relocating swiftly.

It was noted that since textile and garment industries in India, Vietnam, Cambodia and Bangladesh and other countries have emerged as important support industries in recent years, they will serve well as production base.

Besides, these countries offer advantages like lower raw-material and labor costs. Currently over 400 Chinese textile enterprises have invested into Cambodia, and nearly 100 have contributed in Bangladesh.

Customs data showed that in the first half of this year, Country's exports of clothing and related accessories completed $49.96 billion, an increase of 3.4 percent, but a year-on-year drop of 18.3 percentage points in growth rate.

Exports of textile yarn, fabrics and products registered $31.72 billion, an increase of 26.8 percent, and 17 percentage points higher in growth rate over the same time last year.

Industry sources pointed out, the export growth rate of textile yarn, fabrics and products were significantly faster than that of textiles and clothing exports, reflecting the obvious impact of the relocation of China's garment processing business.

In the first five months this year, textile and garment exports to ASEAN went up 29.3 percent. Exports of textile yarn, fabrics and related products scored $2.92 billion, an increase of 44.6 percent, while that of clothing marked $1.2 billion, climbing only 2.8 percent.

According to the statistics, in the first five months of this year, the textile industry achieved a 12.4 percent increase in added value over the same time last year, but growth-rate slowed down 4.8 percentage points. Export delivery value marked 290.9 billion yuan, a rise of 8.7 percent, but down 7 percentage points at year-on-year level.

Though textile industry realized profits of 41.8 billion yuan, recording a boost of 9.2 percent than that in corresponding period last year, the growth-rate still indicated a slow down of 34.3 percentage points.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karan Toshniwal
Orange O Tec

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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