Home / Knowledge / News / Textiles / Imports expected to bottom out earlier than exports
Imports expected to bottom out earlier than exports
21
Aug '09
China's imports and exports are expected to pick up in the second half despite the continuing recessionary trends in the global markets. With a few countries of Europe recording economic growth, exports are expected to come out of a year-on-year negative growth trend by the end of the year.

Under the background of a strong economic recovery in domestic market and weak upturn in international markets, China's imports are expected to bottom out earlier than exports.

Customs data show that China's textile and apparel exports reached $16.37 billion in July, representing a year-on-year decline of 12.35 percent, but an increase of 21 percent from the previous month.

Among them, textile exports stood at $5.33 billion, a year-on-year drop of 13.6 percent and clothing exports touched $11.04 billion, a year-on-year reduction of 1.21 billion, but representing an increase of 8.61 percent from June.

Experts from the textile industry are cautiously optimistic about the data. They point out that the steady growth, each month sends a positive signal, which at least reflects some signs that the textile industry has bottomed out.

Government officials of relevant departments and banking sector are optimistic about the forecast of China's export situation in the second half.

The European Union, the United States and Japan are three major export markets of China's textiles and apparel and their demand directly decides the performance of China's textile and garment exports.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ashok Desai
Bombay Textile Research Association

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

Marcel Alberts
Eurofibers

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

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

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
March 2017

March 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