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Clothing occupies huge share of Canada's import market
03 Sep '07
1 min read
According to latest statistics, Mainland China's clothing export to Canada has seen a significant rise and it is estimated to occupy 50 percent of Canada's import market.
In the first five months of this year, Canada imported US $2.56 billion worth of clothing from Mainland China, up 13.5 percent than the same period last year.
This is a remarkable figure compared to previous years' exports of Chinese clothing. In 2006, Chinese clothing occupied 49 percent of Canada's import market. The percentage was 28 percent in 2002.
But this year's clothing export growth rate is phenomenal because the percentage was over 50 percent in just the first five months of 2007.
The clothing exports of Bangladesh and Cambodia to Canada, however, will not be affected by that of Chinese clothing because they enjoy preferable customs duty.
In the last four years, clothing imported by Canada from Bangladesh increased five fold while that of Cambodia increased by over 10 times.
In the first five months of this year, Canada imported US $2.56 billion worth of clothing from Mainland China, up 13.5 percent than the same period last year.
This is a remarkable figure compared to previous years' exports of Chinese clothing. In 2006, Chinese clothing occupied 49 percent of Canada's import market. The percentage was 28 percent in 2002.
But this year's clothing export growth rate is phenomenal because the percentage was over 50 percent in just the first five months of 2007.
The clothing exports of Bangladesh and Cambodia to Canada, however, will not be affected by that of Chinese clothing because they enjoy preferable customs duty.
In the last four years, clothing imported by Canada from Bangladesh increased five fold while that of Cambodia increased by over 10 times.
Fibre2fashion News Desk - China
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