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China's apparel imports grow at fast pace in Q1

May 13, 2014 (China)

The imports of apparel by China grew at a fast pace in the first three months of the current year, according to the data from the General Administration of Customs.
From January to March 2014, China imported US$ 6.23 billion worth of textiles and garments, showing an increase of 5.8 percent year-on-year. Of this, clothing imports grew by a sharp 21.7 percent year-on-year to $1.43 billion, the data showed.
Textile imports accounted for $4.81 billion, registering an increase of 1.9 percent compared with the same period in 2013. Among textiles, cotton yarn imports rose by 5.9 percent year-on-year, while import price fell 2.5 percent.
The share of clothing among China’s overall textile and garment imports also increased to 22.9 percent, as against last year’s share of 19.7 percent. 
Volume-wise, China imported 120 million sets of knitted and woven garments during the first quarter of 2014, which is an increase of 55.4 percent year-on-year. The average unit price of apparel imports declined by 19.6 percent year-on-year during the same period.
During the quarter, China imported 760,000 tons of cotton, down 44.3 percent year-on-year. The average price of imports climbed 7.5 percent year-on-year.

Fibre2fashion News Desk - India
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