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Rapid rise in textile & apparel imports from ASEAN
11
Aug '11
There is a rapid rise in China's textile and apparel imports from ASEAN. Last year, China imported US$ 1.58 billion of textiles and apparels from ASEAN countries, registering a year-on-year increase of 48.4 percent.

The same momentum has been maintained during the first half of the current year with China importing US$ 930 million worth of textiles and apparels from these countries, showing a year-on-year increase of 38 percent. ASEAN accounted for 8.5 percent share in China's total imports of textiles and apparels during the period.

During the six months ended June 30, China imported ASEAN yarn worth US$ 480 million, up 31.4 percent year-on-year. Fabrics accounted for US$ 150 million, up 11.2 percent, and imports of manufactured goods were worth US$ 100 million, up 28.3 percent.

Chinese apparel imports from ASEAN countries was worth US$ 200 million, which was more than double the figure recorded last year. While the imports of woven apparels doubled to US$ 900,000, imports of knitted clothing crossed US$ 700,000, showing an increase of 83.6 percent.

Among the ASEAN countries, Vietnam, Thailand, Indonesia and Malaysia were the countries from which China imported textiles and apparels worth more than US$ 100 million during the first six months of 2011. China's imports from Vietnam were US$ 340 million, up 67.6 percent year-on-year; from Thailand were US$ 230 million, up 22.2 percent; Indonesia were US$ 170 million, up 17.1 percent; and Malaysia were US$ 110 million, up 32.7 percent.

Fibre2fashion News Desk - China

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