Home / Knowledge / News / Textiles / China's fabric exports drop significantly in Feb'14
China's fabric exports drop significantly in Feb'14
29
Mar '14
The exports of fabric from China to almost all global markets fell significantly in February 2014, according to the data from the Customs.
 
During the month, China’s fabric exports to Asian markets declined by 37.41 percent year-on-year to US$ 999 million. Of this, fabric exports to Bangladesh, the Philippines and the United Arab Emirates were down 65.36 percent year-on-year, 62.37 percent and 59.38 percent, respectively.
 
Similarly, China’s fabric exports to the EU fell by 31.04 percent year-on-year in February 2014. A decline of 39.88 percent, 37.77 percent and 34.67 percent was seen in exports to the UK, Belgium and Italy, respectively, during the period.
 
Fabric exports from China to Latin America were down 46.86 percent year-on-year during the month under review. Of this, exports to Mexico, Argentina and Chile shrunk 57.28 percent, 57.14 percent and 52.56 percent, respectively.
 
Likewise, Chinese fabric exports to African countries dipped 37.59 percent year-on-year, with exports to South Africa, Nigeria and Egypt falling 57.17 percent, 44.55 percent and 38.15 percent, respectively.
 
Among the Chinese provinces, only four showed a growth in fabric export. These were Guangxi, Ningxia, Gansu and Chongqing, which recorded a growth of 680 percent year-on-year, 247 percent, 78.92 percent and 51.89 percent, respectively.
 
The value of fabric export from Fujian, Shanghai and Jiangsu, along the southeast coast, fell by 58.47 percent year-on-year, 47.95 percent and 46.23 percent, respectively. The value of export from Anhui, Xinjiang and other regions of Shanxi dropped by 71.08 percent, 67.61 percent and 63.87 percent, respectively.
 
In January-February 2014, China exported fabric worth $6.89 billion, down 4.26 percent year-on-year. In terms of quantity, it was 4.789 billion metres, showing a drop of 6.73 percent. The average export price worked out to 1.44 yuan/metre, which was an increase of 2.65 percent.
 

Fibre2fashion News Desk - India


Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints 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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search