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Portugal textile exports to china up by over a third

Portugal textile exports to china up by over a third Source:
Date: 26-10-2013
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Portuguese exports of cloth and clothing to China have surged around 37 percent in the first eight months of this year and are now worth in excess of €50 million, Filipe Santos Costa of the country’s investment trade and investment board told Lusa News Agency earlier in the week.
“Portugal has experienced success as a supplier to the major international brands (…) and there are now ever more Portuguese companies with a direct presence in China and exporting under their own brands” said Costa on the occasion of the Shanghai Inter-textile trade fair that began Monday.
“There is a very positive dynamic in the sector,” the trade representative explained before adding that the 3,700 exhibitors at this year’s event included eight Portuguese firms: Arco Texteis, Gierlings Velpor, Lemar, Riopele, Somelos, Teviz, Têxtil Serzedelo and Troficolor.
Sector specialists explain that while the Chinese and other Asian countries had strengths in manufacturing textiles due to low labour costs, Portuguese and other European producers were increasingly carving out niches in the medium and luxury sectors of the market.
The Shanghai Inter-textile trade fair is ongoing until this Friday.
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