China outstrips the ‘ASEAN 7’ in high-value expo - sportstextiles: Lea SportsTextiles

News

China outstrips the ‘ASEAN 7’ in high-value exports

08/12/2006

China’s exports of high-value goods, and the proportion of high-value goods among its total exports, are rising faster, in absolute value terms, than those of the ‘ASEAN 7’ countries (Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam), according to a new Economist Intelligence Unit study. 

The report states that ASEAN countries are in danger of losing their edge over China as producers of high-value goods, and risk being relegated to the role of suppliers of low-cost components into China’s manufacturing industry.

High-value goods accounted for 51% of South-east Asia’s total exports, but 61% of total exports from China, whose export share of high-value goods is climbing.

On an individual country level, China ranks third in terms of the proportion of high-value goods in total exports. The Philippines ranks first, with Singapore second and Malaysia fourth.


Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.