Improvement Of Italy Textile And Garment Industry

(1)

Like other industries, the export oriented Italy textile and garment industry has been affected.

According to the estimated data of Italy Textile Fashion Industry Federation, Italy textile and garment industry achieved sales revenue of about 45 billion euros, a decrease of 16% over the previous year, 482 thousand people in employment, a decrease of 26 thousand people, 22 billion 200 million euros in exports, a decrease of 20%, an import of 15 billion 800 million euros, a decrease of 11%, and a trade surplus of 6 billion 400 million euros, a decline of 37%.

(two)

According to data from the Italy Foreign Trade Commission, Italy's textile and garment industry exports to China 368 million euros, down 5.8% from the same period last year, accounting for 1.65% of the total export volume of Italy's textile and garment industry; imports from China amounted to 4 billion 187 million euros, down 3% from the same period last year, accounting for 26.3% of the total imports of textile and clothing products in Italy, ranking the first among the countries with the largest source of imports; the trade deficit with China was 3 billion 819 million euros, down 2.7% from the same period last year.

(three) trend in the first quarter of 2010

Since 2010, with the demand of European and American markets getting warmer, the operation of Italy's textile and garment industry has improved.

According to the sample survey conducted by Italy Textile Fashion Industry Federation, the output value of textile and garment industry basically remained stable in the first quarter, a decrease of 0.2% compared with the same period last year. Among them, the textile industry increased by 4.7%, the clothing industry dropped by 3.5%, exports dropped by 3.5%, and orders increased by 3.2%.

However, the association is not optimistic about the future trend of the industry. It is considered that the recovery of textile and garment industry will be very slow because of the instability of global economic growth, the high price of raw materials, the speculation of euro exchange rate, and the fundamental improvement of the credit crunch.