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China's share in EU imports drops

As per a report of the European Apparel and Textile Confederation (EURATEX), China’s share in the imports of goods from the European Union has been decreasing over the years.
While in 2010, its market share of EU textiles and clothing imports stood at 40.8 per cent, it plunged to 35 per cent in 2015.

Besides, Mediterranean countries, which have long enjoyed the advantage of their proximity to the EU-28, have experienced the same scenario as that of China. Its share has contracted from more than 20 per cent in 2009 to 18 per cent in 2015. This has benefited SAARC zone… From 19 per cent in 2010, its market share of textiles and clothing imports in 2015 was 24.6 per cent.

The report also mentions that the ASEAN zone, which is smaller than the SAARC area, showed enough drive and economic dynamism to escalate its share of textile and clothing imports from over 6 per cent in 2010 to 8.6 per cent in 2015. Totally, these four zones accounted for 86 per cent of total extra-EU textile and clothing imports in 2015. Clothing products represented 80 per cent of total imports, a +10.5 per cent gain in value terms.

Products-wise, China came up tops as the top supplier of woven garments’ imports. However, its share continued to decline at 37.6 per cent. The Mediterranean countries also witnessed decline in this segment ending up with a 16.5 per cent share.

 
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