China'S Strong Export To Us Apparel Exports

2010/10/20 15:12:00 37

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Sri Lanka

Buyers say in the us that China and Bangladesh have largely occupied Sri Lanka in the US.

Clothing market

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However, Sri Lanka continues to be at its peak by giving full play to other advantages, avoiding price competition and restoring lost glory.

Martin Trust is the head of the Brandot international company based in the US. He attended the business meeting of the US embassy in Sri Lanka and the US related institutions in Colombo, saying that Sri Lanka could not recover its lost market share because China is expanding its position in the American Apparel market.

The region is facing increasingly fierce competition. He added that he predicted in 2003 that China would export about 20 billion dollars of clothing to the United States in 2010.

According to the latest statistics, by 2009, China's clothing exports to the United States reached 23 billion US dollars, accounting for 41% of the US market, but if the per capita basis is calculated, Sri Lanka's exports exceed China's.

On the other hand, exports in Sri Lanka during this period fell by about 28%. As expected, Sri Lankan countries lost about $500 million a year in recent years.

Trust said, at the same time, China to the United States.

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It has increased by about 163% since 2004.