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China, Germany partner on green shipping, apparel trade trends shift

24 Oct '24
2 min read
China, Germany partner on green shipping, apparel trade trends shift
China, Germany partner on green shipping, apparel trade trends shift

Insights

  • China and Germany have signed an MoU to establish a green shipping corridor between Shanghai and Hamburg, aiming for sustainable port development with green fuels.
  • Germany's apparel imports from China reached $**** billion in early 2024, although China was previously its top supplier in 2023.
  • Germany also exports industrial textiles to China, though shipments have declined.

According to the agreement, efforts will be made to cooperate and promote the construction of shore power plants at ports, which will use green fuels. This initiative aims to advance collective efforts towards the sustainable development of the global shipping industry, as per Chinese media reports.

The latest trade data for textiles and garments, sourced from Fibre2Fashion&#**;s market insight tool TexPro, highlights the significance of this development for the textile sector. According to the data, Germany imported apparel worth $**.*** billion between January and July ****, with $*.*** billion of that amount coming from China. During this period, China was Germany’s second-largest supplier, holding a **.** per cent share, following Bangladesh.

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