NewsWhore
08-23-2007, 05:40 PM
The DR's market share of total clothing exports to the US decreased by 1.7% in the first semester of this year from 2.4% for the same period in 2006, as reported in Hoy. This reduction is due partly to the increase in Chinese, Indonesian and Vietnamese exports to the US. China increased its apparel exports to 27.5%, up from 19.6%, to the US. Indonesia increased its share to 6.0%, up from 5.3% and Vietnam went from 4.7% to 5.3%. Since the elimination of tariffs for Asian exporters, the DR has faced stiff export competition and this explains the 15.1% reduction of apparel exports to the US between January and June 2007, in comparison to the same six-month period in 2006. This however is a continuous trend as apparel exports for the first six months of 2006 compared to the first six months of 2005 decreased by 14.3%. Dominican textile exports decreased by a value of US$701.6 million in the first six months of the year. Apparel exports were valued at US$825.9 million in 2006 and US$963.5 million in 2005.
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