Home / Knowledge / News / Textiles / Textile & garment industry juggernaut slows down in 2008
Textile & garment industry juggernaut slows down in 2008
Feb '09
When considering foreign trade from the textile and garment industry in China, general trade took a dominant position. In 2008, general trade from the sector registered US $127.89 billion, an increase of 3.8 percent and accounted for 69.1 percent of China's total textile and clothing exports, while shipments from the processing trade totaled to $40.41 billion, an increase of 4.7 percent.

Second, exports of private enterprises accounted for over 40 percent of all shipments from the sector. In 2008, China's exports from the textiles and clothing sector by the private sector fetched $79.3 billion, an increase of 11.1 percent; foreign-invested enterprises exported worth $60 billion, an increase of 10.5 percent and state-owned enterprises shipped $35.41 billion worth of goods, an increase of 0.7 percent.

Third, exports to the EU was the only bright spot in an otherwise near stagnant year, where exports grew very well, while exports to Hong Kong declined markedly. In 2008, exports to the EU touched $38.84 billion, up 37.9 percent; United States $25.36 billion, an increase of 1.8 percent; Japan $21.32 billion, up 8.3 percent; Hong Kong $15.99 billion, down 11.9 percent and ASEAN $111.9 billion, up 2.9 percent.

Fourth, export growth from Zhejiang province stayed strong, but exports from Guangdong dropped drastically. In 2008, Zhejiang, Guangdong and Jiangsu together accounted for 57 percent of China's total exports from the sector. Among them, exports from Zhejiang reached $42.24 billion, an increase of 18.7 percent, Guangdong $34.13 billion, down 18.7 percent and Jiangsu $29.2 billion, an increase of 15.3 percent.

Fifth, export growth from the apparel sector witnessed a massive slowdown in 2008. China's exports of clothing and accessories totaled $119.79 billion, an increase of only 4.1 percent. On the other hand shipments from the textile yarn, fabrics and finished products amounted to $65.31 billion, an increase of an awesome 16.6 percent. The growth rate from the clothing sector fell to its lowest rate in 10 years.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Karan Toshniwal
Orange O Tec

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

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Prathyusha Garimella
Prathyusha Garimella

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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