Home / Knowledge / News / Import & export value for July exceeds expectation
Import & export value for July exceeds expectation
21
Aug '08
The General Administration of Customs recently announced the import and export data for the month of July which was surprisingly much higher than the market expectations.

Statistics revealed that the total amount of imports and exports in the month touched US $248.07 billion, an increase of 29.8 percent over the corresponding period of last year. Of the total, exports accounted for $136.68 billion, recording a substantial increase of 26.9 percent while imports made up to $111.4 billion, reflecting a surge of 33.7 percent over the previous year.

Moreover, the import and export values touched $221.71 billion in June, an annual increase of 23.3 percent. Of this, exports scored $121.53 billion registering a growth of 17.6 percent.

A detailed investigation as to the working of the export enterprises under tightening policies was made by the State Department in June and it was concluded that the situation was pretty bad.

However, experts have remarked that diversification of exports to other regions and Olympic Games could be the primary factors behind accelerating the export growth in only a month's time.

In the first seven months of this year, EU replaced the United States to become the largest trading partner of China with exports amounting to 165.04 billion, an increase of 27.1 percent from the same time last year.

On the contrary, the same period, bilateral trade volume for exports to US marked a drop of 4.3 percentage points in growth rate compared to 2007. China's exports to the region recorded $140.39 billion which represented a marginal growth of 9.9 percent.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

Pakistan invites Chinese firms to invest in Apparel Park

At a road show to set up the Quaid-e-Azam Apparel Park, Pakistan's...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Textiles | On 23rd Feb 2017

Gujarat govt announces Rs 1,000 cr package for MSMEs

In its state budget for 2017-18, the Gujarat government has announced ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search