Home / Knowledge / News / Overall exports from general & processing trade surges in 2008
Overall exports from general & processing trade surges in 2008
17
Jan '09
China once again reiterated its leadership position as the industrial powerhouse and export hub of the globe and was able to clock unimaginable growth rates, in face of the most severe economic crisis which has enveloped the economies of most countries in the world in the last few months.

Total imports and exports of general trade in 2008 recorded US $1235.26 billion, representing a year-on-year increase of 27.6 percent, according to data provided by the General Administration of Customs, of which, exports reached $662.58 billion, up 22.9 percent and imports fetched $572.68 billion, up 33.6 percent.

Over the same period, imports and exports of processing trade achieved $1053.59 billion, a year-on-year increase of 6.8 percent, out of which, exports scored $675.18 billion, up 9.3 percent; imports touched $378.4 billion, an increase of 2.7 percent.

Among them, imports and exports of foreign-invested enterprises in 2008 completed $1410.58 billion, a year-on-year rise of 12.4 percent and over the same period, imports and exports of state-owned enterprises registered $611.04 billion, up 23.5 percent, a gain of 3.7 percent over the previous year.

Experts believe, in accordance with last year's data and the current global market situation, China's exports will face a lot of downward pressure in the first half of this year. It is estimated that global prices will firm up and capital flight will come to an end in the second half and export situation will show signs of rebound.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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