Home / Knowledge / News / Textiles / Textile export to US & EU reflect disparity in revenues
Textile export to US & EU reflect disparity in revenues
11
Aug '08
Export of textile and garments to US and the European markets reflected a starkly different trend in the month of June.

While textile and apparel exports to EU fetched US $3.78 billion, an increase of 47.5 percent, those to US registered a decline of 4 percent to reach $2.16 billion and a record a second monthly decline in this year.

Again, total exports of China to EU amounted to $17.42 billion in the period between January and June this year, marking an increase of 44 percent. On the other hand, the cumulative exports to US in the same period stood at $10.81 billion, reflecting a negligible increase of 0.3 percent.

Statistical reports shows that the contribution made by EU market to the overall export growth of China was as high as 65 percent. Among others, exports to the original 15 member countries grew by 46.6 percent while those to 12 countries from the east rose by 14.9 percent.

Although exports to Japan and South Korea remained stable with little changes, exports to key export markets like Hong Kong Special Administrative Region of China, Turkey, United Arab Emirates, Panama and others, posted a decline.

At the same time, exports to Russia, Canada and Saudi Arabia which recorded a strong growth last year, fell into the negative growth category this year. However, total exports to the ASEAN region settled at $5.09 billion, an increase of 15.8 percent of which textiles alone accounted for a growth of 41.1 percent, although clothing exports fell by 18.5 percent.

On the contrary, exports to Kyrgystan and Kazakhstan maintained a high growth of 247 and 125 percent respectively. Growth rate of major commodities nearly doubled while that in apparel segment was even more prominent. An astounding 90 percent contribution in exports to these two countries was made by Xinjiang alone.

On the whole, export results have been fairly stable and if emphasis is laid on the quality of products and consumer preference, China is sure to regain its lost markets and expand its exports even further for the remaining part of this year.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Karan Toshniwal
Orange O Tec

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

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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