Home / Knowledge / News / Textiles / China-ASEAN textiles & garments trade surges in H1
China-ASEAN textiles & garments trade surges in H1
10
Aug '11
The two-way textiles and garments trade between China and the ASEAN countries surged to US$ 10.23 billion during the first half of the current year, registering a year-on-year rise of 40.8 percent, as per the data of the Chinese customs.

While Chinese textiles and garments exports to ASEAN nations reached US$ 9.3 billion, with a year-on-year increase of 41.1 percent, imports were worth US$ 930 million, showing a year-on-year increase of 38 percent.

The 41.1 percent surge in Chinese export to ASEAN is higher than the global average rise of 25.8 percent. During the January-June period, ASEAN accounted for 8.3 percent of China's textile and garment exports.

The establishment of China-ASEAN Free Trade Area (CAFTA) in 2010 has enabled ASEAN to become the fastest growing region for China's textiles and garments exports.

A country-wise analysis of ASEAN countries reveals that Vietnam is ranked as 9th biggest market for China's textiles and garments exports. The ranks of other ASEAN countries are – Indonesia 17th, Malaysia 28th, Philippines 29th, Thailand 31st, Singapore 34th, Cambodia 42nd, and Myanmar 55th.

In 2010, China exported textiles and garments to ASEAN worth US$ 14.81 billion, registering a year-on-year increase of 35.7 percent.

For the first time, ASEAN has overtaken Hong Kong as the fourth largest market for Chinese exports, with an increase of 2 percent compared to 2009.

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 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Arvind Saraf
Triveni Sarees

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
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



X