Released on = April 20, 2007, 3:25 am

Press Release Author = Namrata

Industry = Small Business

Press Release Summary = World Textile and Apparel Trade and Production Trends : US
textile output fell for the eighth time in 2005 as import volumes rose.

Press Release Body = World Textile and Apparel Trade and Production Trends

US textile output fell for the eighth time in 2005 as import volumes rose. Clothing
output was down for the 11th year in a row despite healthy consumer spending.
Surprisingly, textile industry profits rose sharply, and clothing profits by a
comfortable margin. Meanwhile, China stepped up its sales to the USA although growth
was more moderate. In Argentina growth slowed after brisk expansion in recent years.
Growth was also slower in Brazil as sales to the US market barely rose. Falling US
demand also hit Colombia, leaving hopes pinned on the Andean Trade Promotion and
Drug Eradication Act (ATPDEA), US safeguard quotas against China, and the Trade
Promotion Agreement (TPA). Mexico suffered from a transfer of US orders to Central
America and the Dominican Republic as well as to Asian countries. But anti-dumping
duties are helping to fend off imports from China in the domestic market. EU output
fell again in 2005 as imports grew, and consumer spending and exports remained
sluggish. China stepped up its shipments by 41.3% in value and increased its share
of imports to 28.9%, leaving Turkey a distant second with 15.0%.

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