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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