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EU becomes Shishi's largest export market

EU becomes Shishi's largest export market

Write: Wheeler [2011-05-20]

According to Shishi office of Fujian Entry-Exit Inspection & Quarantine Bureau, the export value of textile and apparel reaches 121.304 million US dollars with a growth of 92.7%. The export value to EU doubles, reaching 38.69 million. Now, EU becomes Shishi's largest export market.

With the soaring cotton price and labor cost, exporters have to raise their prices. At the recently closed Canton Fair, the quote prices generally increase by 30%. However, EU buyers respond rationally to the increasing price.