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China accounts for just 3% of T&C imports
04
Aug '08
Exports out of Portugal have grown from Euro 4.11 billion in 2006 to Euro 4.30 billion in 2007 to register a marginal growth of 4.62 percent. Contribution of textiles was E1.69 billion and that of clothing E2.60 billion to the total industry exports from the sector in 2007.

Among the biggest markets for Portugal, textile and clothing products shipped to Spain amounted to E1.16 billion and accounted for almost 27 percent of all exports from the industry.

Among exports to other countries, France followed with E514.27 million, UK E469.01 million, Germany E408.07 million, Italy E239.47 million, USA E213.58 million, Netherlands E141.44 million and Belgium E120.77 million made up for the other major buyers from the Portugal industry.

In a nut shell, exports to countries compromising the EU-25 totaled E3.64 billion and E655.60 million to other countries other than EU-25 and accounting for a market share of 84.8 percent and 15.2 percent respectively.

On the other hand imports from Portugal grew significantly from E3.08 billion in 2006 to E3.33 billion in 2007 to record a growth of 8.11 percent. Countries within the EU-25 shipped goods worth E2.74 billion and other countries E592.86 million.

Textiles and clothing contributed E1.74 billion and E1.58 billion respectively to all imports in to Portugal in 2007.

Once again Spain took the lions share for imports of textile and clothing from across the globe in to Portugal. Imports from Spain touched E1.17 billion and accounted for as much as 35.2 percent share of sectoral imports.

Other countries like Italy with E430.63 million, France E294.35, Germany E226.08, India E117 million, Belgium E113.92 million, Netherlands E110.97 million, China E100.75, Pakistan E99.58 million and UK E76.71 million were the other countries who contributed to imports from the sector.

The most surprising factor is that the key countries in the world, either by way of exports, manufacturing potential or cost competitiveness like China, India, Pakistan, Bangladesh and Vietnam have either negligible market shares or are just not exporting to Portugal.

For example China is the biggest exporter of textile and clothing goods from across the globe, but its exports account for just 3 percent of all shipments in the sector to Portugal. Vietnam and Bangladesh who make up for the top ten exporting nations in the world are missing from the data.

One of the reasons could be that, textile products imported by Portugal could be niche and the above mentioned countries are well known for producing goods in mass.

Second likely reason could be favourable trade tariffs within countries of the European Union, since more than 80 percent of trade of Portugal, either by way of exports of imports is with the member countries of the EU.




Fibre2fashion News Desk - India


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