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

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mohammad Hassan
Biax Fiberfilm

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search