Home / Knowledge / News / Textiles / Export companies report smart turnaround in H1
Export companies report smart turnaround in H1
20
Jul '09
Shrinking consumer markets in Europe and the United States led by the financial tsunami had brought down orders, since the last few months of 2008; the haze of which had been lingering over the heads of enterprises in Hong Kong.

Some enterprises in Hong Kong are delighted to find that their orders started to rise significantly from April onwards, with a few even mentioning of restoration of export levels in the first half, with that of the same period in 2008.

Among the Hong Kong companies, who have reported of good orders are traditional labour intensive sectors like textiles and garments enterprises and whose export values and volumes turned from negative to positive, April onwards.

Most of the Hong Kong based companies are sourcing a majority of their goods from Guangdong province, due to which manufacturing companies of the province have also reported of a surge in orders from the second quarter onwards.

According to the latest Customs statistics from Guangdong Customs, exports of Guangdong in June hit a new high this year, representing an increase of 7.4 percent from the previous month, which has lifted the spirits of enterprises in the province.

In the first half, import and export trade value of Guangdong reached US $257.87 billion, down 20.7 percent year-on-year, but the drop rate was less than national average decline of 23.5 percent and stood first in export value amongst all Chinese provinces.

Fibre2fashion News Desk - China


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search