World Textile And Clothing Trade And Production Trend

In the first 9 months of 2007, demand for clothing in the United States continued to grow.

Clothing, clothing stores, warehouses and supermarkets are selling very vigorously.

But American manufacturers suffered heavy losses.

In the first 8 months of 2007, the output of textiles decreased by 7.8% to 25 years, while garment production dropped by 30%.

As a result, 39000 jobs were lost in January to September.

In 2006, the EU trade deficit continued to deteriorate. Although production increased slightly, the growth of clothing imports from China, Bangladesh, India, Hongkong and Indonesia showed two digit figures.

European Union exporters have succeeded in the Eastern European market, such as Russia and Ukraine.

At the same time, China became the tenth largest market for textile exporters in Europe in 2006, and its sales to the country increased by 20.8%.

In the first 8 months of 2007, China's exports surged, sales to the European Union increased by 21%, and sales to the United States increased by 28%, though still subject to quota restrictions.

China's import growth was slow in the same period.

As a result, domestic output has increased significantly, and the added value and investment have been greatly improved.

In January 2007 - may, Indonesia's clothing exports grew moderately, but exports to the US grew strongly, exports to the EU declined, and domestic demand surged.

Malaysia exporters take the advantage of brand, quality, reliability, labor power, superior customer service, high-end fabrics and industrial textiles to fight against cheap competitors.

In the first few months of 2007, Philippines's clothing exports dropped sharply because of fierce competition from China and other low-cost Asian manufacturing countries.

In Thailand, clothing exports have been reduced, but some non clothing exports have increased substantially, making up for the reduction of clothing exports.

After Vietnam's accession to the WTO, the quota was abolished, and Vietnam's exports grew strongly in the first 9 months of 2007.

In the post quota era, Bangladesh performed well, though there were concerns about competition from China and India.

In 2006/07, exports increased by 17%, while output increased by 14%.

Textile exports in India increased significantly, but clothing exports grew slowly.

Pakistan's exports are growing at a high speed. Despite competition from China and India, exports to the EU and the US in 2007 have seen growth.

Meanwhile, in the first 5 months of 2007, Sri Lanka's exports increased significantly by 17.2% (value), mainly by increasing the added value of products.