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China's Apparel Export to EU Declines by 6.1% in First Half
According to EU Statistics Bureau, EU's import value of apparel decreases by 4.4% in first half.![China's Apparel Export to EU Declines by 6.1% in First Half]( "China's Apparel Export to EU Declines by 6.1% in First Half")
According to EU Statistics Bureau, EU's import value of apparel decreases by 4.4% in first half. The import volume of apparel from Asian countries especially from China drops drastically with the rate of 6.1%. Apparels from EU's third largest supplier of apparel, Bengal also reduces by 5.4%. According to the French Textile Report, China's export volume of apparel to EU only increased by 1% since 2009.
The report also analyzes reasons behind this fall. First one is the depreciation of US dollars against Euros. Second one is that the rise of salary in China, Bengal and Southeast Asia countries. Moreover, China seems to pay more attention to its domestic market. At the same time, Chinese businessmen don’t take foreign counterparts as their priority.
POST: 2024-11-25
The report also analyzes reasons behind this fall. First one is the depreciation of US dollars against Euros. Second one is that the rise of salary in China, Bengal and Southeast Asia countries. Moreover, China seems to pay more attention to its domestic market. At the same time, Chinese businessmen don’t take foreign counterparts as their priority.
POST: 2024-11-25
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