Burma'S Clothing Industry Has A Bright Future And Exports Amounted To $1 Billion 500 Million.

< p > > Taiwan a href= "http:// www.sjfzxm.com/news/index_c.asp" > textile industry < /a > service organization "textile and Development Association" quoted the information that the large garment industry of the United States entered Burma this year, and this year it is estimated that this will help Burma garment export earn a record 1 billion 500 million yuan.

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< p > it is reported that < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Burma < /a > Garment Industry Association revealed that the foreign-funded enterprises such as GAP, a large garment enterprise in the United States, entered Burma in this financial year, prompting Burma's garment export to earn a foreign exchange of 1 billion 500 million US dollars in the financial year.

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< p > News indicates that the orders received by Burma garment enterprises this year come from Korea, Japan, the United States and Europe, and the textile industry has a bright future.

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< p > however, the development of garment industry in Burma is still facing many obstacles, including poor infrastructure, difficult port clearance and inconvenient pportation and so on.

From 2013 to 14, Burma's clothing exports reached a record of 1 billion 100 million US dollars in the fiscal year.

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< p > in addition, according to official statistics of Burma, in the first quarter of 2014, the total amount of Burma's < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Import and export < /a > amounted to 6 billion 290 million US dollars, an annual increase of 36.1%, of which 4 billion 10 million US dollars were imported and 2 billion 270 million US dollars were exported.

Burma's top three trading partners are China's $1 billion 810 million, Thailand's $1 billion 150 million and Singapore's $1 billion 70 million.

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< p > Korea Industrial Research Institute and Korea Trade Association 29 said that in 2013, South Korea exported 2 billion 730 million dollars to China's textiles and clothing, with an import volume of 6 billion 320 million US dollars and a deficit of 3 billion 590 million US dollars.

In 2002, after the first deficit of $410 million in textiles and clothing trade between China and South Korea, the deficit trend lasted for 12 years.

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< p > Korea's deficit in trade with China's textiles and clothing has exceeded 2 billion US dollars in the middle of 2000s, and increased to 2 billion 630 million, 3 billion 540 million and 3 billion 110 million US dollars from 2010 to 2012 respectively.

In the first 5 months of this year, South Korea's exports to China amounted to US $1 billion 40 million, with an import volume of US $2 billion 470 million and a deficit of US $1 billion 430 million.

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< p > The Research Institute believes that China's labor costs are rising and relatively cheap Chinese clothing is flowing into Korea. Under these two factors, South Korea has an unfavorable balance between China's textile and clothing trade.

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< p > in particular, due to the rapid rise of labor costs in China, South Korea's related enterprises have moved their factories in China to Southeast Asia, resulting in a sharp reduction in the export scale of Korean textiles and clothing related materials to China, which has led to the shrinking of the overall export volume of textiles and clothing.

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