Interviews
Low use of US textile export quota, a concern - Experts
30 May '08
1 min read
It has been noted that despite export quotas, Chinese textile industry is failing to penetrate US markets. Statistics show that in the first five months of this year, the average textile export quota utilization rate to US was only 18.2 percent.
For instance, the rate of custom clearance of Chinese cotton shirts was 19.5 percent, whereas, it was around 34.5 percent in the same period of 2007.
This fact points out the poor stand of China's textile industry in the US. Even Guangdong Province, which is the most important textile export base, is also facing numerous challenges.
Nonetheless, China still ranks first with textile market share of 40.53 percent in quantity and clothing market share of 34.24 percent in the US. However, experts stress that the concerning fact is that in the first season of this year, the export quantity of China's textile and clothes to US decreased 1.68 and 7.74 percent respectively, as compared to the same period of last year.
Besides, it has been reported that the export quantity of Vietnam's textile and clothes to US surged by 29.69 and 33.06 percent, and that from India rose by 0.54 percent and 1.72 percent, respectively.
For instance, the rate of custom clearance of Chinese cotton shirts was 19.5 percent, whereas, it was around 34.5 percent in the same period of 2007.
This fact points out the poor stand of China's textile industry in the US. Even Guangdong Province, which is the most important textile export base, is also facing numerous challenges.
Nonetheless, China still ranks first with textile market share of 40.53 percent in quantity and clothing market share of 34.24 percent in the US. However, experts stress that the concerning fact is that in the first season of this year, the export quantity of China's textile and clothes to US decreased 1.68 and 7.74 percent respectively, as compared to the same period of last year.
Besides, it has been reported that the export quantity of Vietnam's textile and clothes to US surged by 29.69 and 33.06 percent, and that from India rose by 0.54 percent and 1.72 percent, respectively.
Fibre2fashion News Desk- China
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