World Textile and Apparel Trade and Production Trends - Edition
Released on = April 20, 2007, 3:37 am
Press Release Author = Namrata
Industry = Small Business
Press Release Summary = US output fell to record lows in 2004 as clothing exports declined. But textile exports grew by a healthy 10.5% in value
Press Release Body = World Textile and Apparel Trade and Production Trends: Edition
Product description
US output fell to record lows in 2004 as clothing exports declined. But textile exports grew by a healthy 10.5% in value. Imports continued to rise, especially from China. Clothing firms remained profitable but net income fell. In Argentina the textile and clothing sector grew rapidly. Brazilian exports rose by over 25%. Colombian sales to the USA, where 75% of shipments entered duty-free, were boosted by the Andean Trade Promotion and Drug Eradication Act (ATPDEA). But in Mexico competition from China, Vietnam, and Latin America has left many firms unable to compete. EU output fell, despite modest or no growth in imports, as consumer spending and exports remained sluggish. China increased its share of extra-EU clothing imports to over 29% in volume terms while Bangladesh was a distant second with 12.6%. In Japan output fell across all sub-sectors in 2004 as operations were moved abroad and imports grew. China supplied 81% of Japanese clothing imports.
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