China is New Zealand’s biggest wool marketMarch 23rd, 2012 - 3:57 pm ICT by IANS
Wellington, March 23 (IANS) China has become the main market for New Zealand wool, taking almost half its exports, as the European market declines and sales to Australia plunge, an official said.
Wool Exporters Council president John Dawson said the problems in the Euro zone and the increasing strength of China as the world ’s major textiles producer had seen a marked swing in where New Zealand wool sold, reported Xinhua.
“Compared to last season, our European customers are taking much less wool, with exports down 14.5 percent,” Dawson said in a statement Friday.
“But China continues to grow and so far this season has taken 15.4 percent more than at the same time last year. Wool exported to Australia is down a whopping 75 percent,” he said.
- Dairy sales keep New Zealand trade in surplus - Jan 27, 2012
- Wall Street rises on monetary easing hopes - Jun 20, 2012
- India, Australia to collaborate in wool production and trade - May 02, 2012
- Sensex surges 283 points, technology majors lead - Sep 14, 2011
- France world's fourth largest arms exporter - Oct 27, 2011
- China surpasses US as EU's top trade partner - Oct 16, 2011
- China posts biggest trade deficit in decade - Mar 11, 2012
- US stocks stay low for straight day - Dec 15, 2011
- Low costs luring Indian textile makers to Bangladesh - Oct 16, 2011
- Rio Tinto puts aluminium maker on the market - Oct 17, 2011
- US stocks open lower on economy concerns - Mar 22, 2012
- EU trade deficit with China declines - Feb 14, 2012
- New Zealand's exports, imports both up in October - Nov 24, 2011
- US stocks drop on global economic concerns (Lead) - Mar 23, 2012
- Europe, US crisis to hit India's export: Survey - Mar 15, 2012
Tags: australia, china, council president, euro zone, european customers, john dawson, market declines, new zealand, plunge, president john, swing, textiles, wellington, wool exporters, wool market, xinhua, zealand wool