Textile/Apparel Exports to Europe Increase in February

摘要

In February,China’s textile and apparel exports increased to 10.587 billion U.S.dollars (USD) but was significantly down from the peak amount reached in 2007.An increasing volume of shipments went to Europe,with total exports to European destinations reaching 3.225 billion USD in February,compared to only 4.105 billion USD to Asia and 1.557 billion to the U.S.,less than half the dollar volume shipped to Europe.The European market has become more attractive due to the lack of appreciation of the yuan against the euro.China is losing market share in the U.S.to Vietnam,Bangladesh and other locations.Exports were weak,but Japan remained the largest market in Asia during the month, taking 1.354 billion USD worth of shipments.Shipments to Hong Kong totaled 740 million,and 499 million USD worth were exported to the ASEAN trade block.