Home / Knowledge / News / Textiles / Slump in textile & garment export from Guangdong

Slump in textile & garment export from Guangdong

16
Apr '08
The textile industry of China is facing series of problems like appreciation of Renminbi, constant hike in price of raw materials and crude oil, along with sluggish international market, especially of Europe and America, resulting in negative growth in exports.

According to Customs data, in January and February 2008, textile and garment exports from Guangdong Province reached merely US $3.52 billion, showing a year-on–year decline of 11.3 percent.

In the first two months of 2008, textile and apparel exports from Guangzhou fetched nearly $16.44 billion, representing a slight increase of 5.7 percent.

However, garment exports from Guangdong to the US earned nearly $4.44 billion in 2007, observing a rise of 2.5 percent, when compared to previoius year.

In January and February 2008, apparel export to US was $280 and $160 million, witnessing a significant decrease of 27.9 and 41.9 percent.

Guangdong, is the largest textile and garment export province in China. In 2007, textile and apparel exports from the nation and province grew by 18.9 and 18.7 percent.

Fibre2fashion News Desk - China


Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Poonam Naik Desai,

Poonam Naik Desai

Peekaboo is a sustainable, high quality, luxury sleepwear brand providing...

Kamal Kulshreshth,

Kamal Kulshreshth

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

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

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