Home / Knowledge / News / Textiles / Export values fall but overseas market shares up
Export values fall but overseas market shares up
10
Nov '09
Mr Yao Jian, spokesman of the Chinese Ministry of Commerce said recently that China's exports to the United States, Japan and the European Union have declined after the outburst of international financial crisis, but market share of China in imports and exports of these countries have increased.

Speaking at the “2009 Forum of China International Trade Society and International Trade Development” in Tianjin, Mr Jian said that, that the financial crisis has reduced demand for Chinese goods and that the foreign trade is facing severe challenges.

Statistics show, in the first three quarters of this year, China's total foreign trade volume reached US $1.5578 trillion, down 20.9 percent year on year.

"However, China's share in international market is increasing." Mr Jian said. Statistics show that from January to September this year, imports of the United States from China touched $184.92 billion, down 14.9 percent year on year, but China's share in the U.S. import market stood at 18.84 percent, an increase of 3.88-percent year on year.

In the first nine months, the United States imported 12.43 billion square meters of fabrics from China, down 0.3 percent year on year, but China's share in the U.S. import market totaled to 40 percent, up 3.8-percent year on year.

In Japan, from January to September this year, Japan's imports from China stood at $87.92 billion, down 14.66 percent year on year, but China's share in Japanese import market accounted for 22.27 percent, an increase of 3.99 percent year on year.

Similarly, in the first seven months of this year, imports of the European Union from China fetched $161.43 billion, down 21.6 percent year on year, but China's share in the EU market increased by 2.94 percent to reach 17.41 percent.

He concluded by saying that, despite the fall in export values, export share of Chinese enterprises in international market has increased, indicating that China's foreign trade still possesses a strong competitive edge.

Fibre2fashion News Desk


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


June 2018

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

news category


Related Categories:

Advanced Search