>>
Home / Knowledge / News / Textiles / T&G exports will take time to turn corner

T&G exports will take time to turn corner

22
Jun '09
According to customs data, China's May exports were not optimistic. Statistics reveal that China exported US $12.30 billion of textiles and apparel in May, down by $187 million from the previous month, or 1.5 percent.

This represents a year-on-year reduction of $2.12 billion or a negative growth rate of 14.75 percent. Among them, exports of textiles registered US $4.89 billion, down 16.28 percent year-on-year, compared to the same period last year.

Exports of clothing and accessories in the month of May achieved $7.41 billion, down 13.71 percent year-on-year, compared to the same period last year, with the growth rate falling by 14.86 percent.

In the first five months of 2009, cumulative exports from the sector touched $55.85 billion, down 11.04 percent year-on-year, of which textile shipments marked $22.029 billion while apparel exports scored $36.823 billion.

According to preliminary statistics released by the U.S. Office of Textiles and Apparel, from January-May 2009, imports of textile and apparel by the United States continued to show a downward trend and most import categories indicated a 2-digit decline.

The overall drop in exports reached 11.8 percent, of which those from China fell 3.08 percent in general. Affected by the financial crisis, 80 percent of China's garment exporters have shifted their focus to the domestic market.

A sudden surge of products into the domestic markets has also come with its own set of problems, leading to fierce competition and prices falling with regularity and created a big question mark on the ability of the market to absorb such huge inflows.

Putting all these factors together, the domestic demand as well as external demand will continue to face severe test in the second half, since exports in the first half have registered negative returns.

And going by the current situation in global markets, they do not seem to be so optimistic in the second half of the current year too, which leads experts to aver that it will still take time for China's textile industry to really turn the corner.




Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

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

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

ESTEEMED CLIENTS

Lululemon Athletica Inc
Puma
Tommy Hilfiger
MAS Active / MAS Kreeda / MAS Bodyline
Vianney Textil Hogar S.A. De C.V.
Hela Clothing Pvt Ltd
Tchibo GmbH
Alison Hayes Romania
Page Industries Limited (Bangalore)
G-Star Raw C.V.
International Textile Manufacturers Federation
Gloria Jeans
IDH – The Sustainable Trade Initiative
The LYCRA Company Singapore  Pte. Ltd
BIMBA ;& LOLA SL
Brandix Lanka Limited
Bluestem Global Sourcing Limited
Gatsby Africa
OVS Hong Kong Sourcing Ltd.
H;&M Hennes ;& Mauritz (Far East) Ltd
The Top Form Brassiere Manufacturing Company Limited
Benetton Group
THE BOMBAY DYEING ;& MFG.CO. LTD
Tory Burch Hong Kong Ltd
Groz-Beckert East Asia LLP
Phong Phu international JSC (PPJ)
Guess Europe Sagl,
Lacoste (Wanchai)
Desigual - ABASIC, S.A.
Lenzing Aktiengesellschaft
Lisa S.P.A.
Alix Partners
J ;& P Coats
Permoda(Koaj/Armi/Pronto/Bkul)
Splash
Gap International Sourcing Limited
Arvind Limited
Etam Group Strategy Hong Kong Limited
Amazon China
Aquarelle Clothing Limited
KAS Direct Sourcing
Sateri (Jiujiang) Fiber Co.,Ltd
SYNERGIES HONG KONG LIMITED
Hirdaramani International Export Private Limited
BIANCA
Calvin Klein
Varner AS Retail
Rayonese Textile Inc., Division de Culp Inc.
Decathlon
LC Waikiki
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Landmark Group
PVH Corporation
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Babyshop
IKEA of Sweden AB
Cat Tuong Real Estate Group Joint Stock Company
Vardhman Textile Ltd
Huntsman (Singapore) Pte Ltd
Green Fibre
TESCO INTERNATIONAL SOURCING LIMITED
Walmart
Abit
John Varvatos
Chico’ FAS
Under Armour Global Sourcing Ltd
Gokaldas Exports Limited
Aramark Uniform ;& Career Apparel, LLC
Sportswear Company Spa
NITI Aayog
Chori Company Limited
Target Corporation (MN)
Seasalt Limited
Restoque S.A.
Boardriders Asia Sourcing Limited
Maceton Limited
Rosset ;& Cia Limited
Sainsbury's Argos Asia Limited
Helly Hansen Far East Ltd
Esprit Europe Services GmbH
Lifestyle
Eastman Chemical Company
KIABI
Sportmaster Ltd.
C;&A Sourcing International Ltd
SHAHI Exports Pvt Ltd
Recron Polyester from Reliance Industries Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Asos
T.T. Limited

January 2022

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


Advanced Search