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Trade openness impacts home textile export prices: F2F global study

10 Jul '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • A study by F2F has revealed a negative correlation between trade openness and the price of exported home textiles.
  • As international trade increases, competition intensifies, pushing down prices.
  • Open economies like the Netherlands and Vietnam have lower prices than restrictive economies.
  • Other factors including labour and energy costs also influence pricing.

Trade openness is defined by the degree to which a nation engages in international trade, allowing the flow of goods and services across geographical borders. The UVR, a measure indicating the average price of a product in international trade transactions, is used as a benchmark for home textiles products priced as USD/kg.

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