Home / Knowledge / News / Exports in May register growth over April
Exports in May register growth over April
Jun '09
A report released recently by the China Federation of Logistics and Purchasing shows that China's new export order index in May rose one percentage point from the previous month, to more than 50 percent, indicating that contraction of exports has slowed down. The index is a sub-item of manufacturing Purchasing Managers Index (PMI).

The Federation surveyed 700 enterprises to conclude the analysis. The Purchasing Managers Index (PMI) for the manufacturing sector, in reaching more than 50 percent means that, orders received in May, by more than half of the surveyed enterprises improved from the previous month.

Therefore the overall situation of exports in May indicates that it was better than in April, although May exports are likely show a decline year-on-year. It is learned that the industries that received better export orders in May were garments, shoes and hats, chemical fiber, non-ferrous metals, machinery and electronics, rubber and tobacco.

However, orders for the textile industry fell from the previous month and in addition, there was no big improvement in iron and steel (ferrous metal smelting, etc.) industries. At present, refund rate of textile and apparel exports has reached 16 percent, just 1 percentage point from 17 percent of the full export rebate rate.

Industry people say that higher rebate rate has very little meaning, if there are no orders or smaller orders. Statistics released earlier show that China's exports in April fell 22.6 percent. However, according to the analysis of the Customs, exports in April grew 6.9 percent from the previous month based on average working days.

The State Council held an executive meeting on May 27, putting forward six policy measures to further stabilize external demand, including: improve insurance policy of export credit; improve export tax policy to further address financing difficulties of foreign trade enterprises.

Other than the above were; reducing burden on foreign trade enterprises; improve policy for processing trade and support enterprises in various ownership types to go out into overseas markets, in order to stimulate exports.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Steve Cole
Xerium Technologies

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner

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

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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