Home / Knowledge / News / Textiles / Textile exports to improve in 2nd half of 2008
Textile exports to improve in 2nd half of 2008
09
Sep '08
Recently, experts reported that export of Chinese textile and clothing industry is most likely to grow in the second half of 2008. They said that although restrictions and problems that the industry has been facing since the beginning of this year would still be there, other factors will push up exports.

Reportedly, shipments to the US are estimated to rise. Especially, Mainland China is expected to obtain substantial increase in main categories under trade quotas in 2008. These products will see major opportunities in the US.

For instance, US imports of category 338/339 (cotton knit shirts and women's blouse shirt) may go up as much as 31.5 percent from 2007 and imports of category 347/348 (cotton trousers) could increase by 27.4 percent.

Meanwhile, the US imports of category 352/652 type (cotton underwear) could improve by 27.6 percent and imports of category 340/640 (men's and boys' woven shirts made from man-made fiber and cotton) could boost up to 33.5 percent.

It has been noted that in the first half of 2008, percentage of quota utilization was low among textile enterprises. Thus, experts explain, companies will rush to complete their 2008 quotas by taking maximum advantage of the potential opportunities.

Besides, manufacturers in the Mainland will continue to expand their businesses in quota-free products.

Meanwhile, Hong Kong's textile and apparel trade with the US will mostly rely on Outward Processing Arrangement (OPA) with the Mainland.

However, the demand of co-production between the Mainland and Hong Kong will decrease, resulting in reduced textile and apparel exports to the US by Hong Kong.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

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

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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