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Chinese garment exports reflect positive trend
06
Jan '12
The export of Chinese garments showed a positive trend and grew to US$ 139.8 billion with a year-on-year rise of 19.6 percent during the initial 11 months of 2011.

China's garment exports to the US with a year-on-year rise of 11.6 percent grew to US$ 25.9 billion during January-November 2011.

Likewise, exports to the EU and Japan grew at a year-on-year rate of 22.6 percent and 21.1 percent to US$ 38.42 billion and US$ 20.26 billion, respectively during the period.

The apparel exports growth rate in respect of countries like Korea and Russia hovered between 22 to 29 percent year-on-year.

The rise is export growth is mainly attributable to rise in unit prices, which surged by 28.5 percent y-o-y, as volume-wise the exports plummeted by seven percent during the review period.

Segment-wise, the export of knitted garments dropped by 0.4 percent y-o-y in volume, but it grew by 20.9 percent to US$ 65.19 billion in terms of value, owing to a 21.3 percent rise in unit price.

Woven garment exports increased both in terms of value and volume. These grew to US$ 54.81 billion with a 17.3 percent y-o-y rise, and volume-wise these grew by 3.7 percent, while unit price saw an increase of 21.7 percent.

Shanghai, Jiangsu, Guangdong and Zhejiang provinces contributed the most to the country's garment exports during the period. Garment exports from Jiangsu province jumped by 20.9 percent y-o-y, while the growth rate of exports from the other three provinces was in the range of 15-18 percent.

Fujian province successfully retained a growth rate of over 40 percent since the very start of 2011, which helped it to replace Shandong as the fifth biggest garment exporting province of China, while Shandong slipped to the sixth position with an export growth of 24.1 percent.

Fibre2fashion News Desk - China

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