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China's textile & clothing exports up in 2011
14
Oct '11
The value of China's export of textile yarn, fabrics and other textile items stood at US$ 70.904 billion during January-September 2011, registering a rise of 25.9 percent year-on-year, according to China's General Administration of Customs. In September, China exported textiles worth US$ 7.948 billion.

China's clothing and accessories exports were worth US$ 115.235 billion during the first nine months of the current year, showing a year-on-year increase of 23.3 percent. In September, the country exported apparel and accessories valued at US$ 15.033 billion.

In terms of total exports, China earned revenue of US$ 169.673 billion in September, down 2.1 percent from August, but a growth of 17.1 percent compared to the corresponding month of 2010. In the first nine months of current year, China's total exports achieved US$ 1.392 trillion, up 22.7 percent year-on-year.

In September, China's overall imports were valued at US$ 155.159 billion, a decline of 0.2 percent from August, but an increase of 20.9 compared to September 2010. In the first nine months of 2011, China's total imports amounted to US$ 1.285 trillion, a 26.7 percent rise over total imports during the corresponding period of 2010.

Thus, China realized a trade surplus of US$ 14.514 billion in September. Similarly, its cumulative trade surplus in the first nine months of 2011 reached US$ 107.098 billion.

China's cumulative imports and exports registered US$ 324.832 billion in September, down 1.2 percent from the previous month, but an increase of 18.9 percent year-on-year. During January-September period, the country's total imports and exports recorded US$ 2.677 trillion, up 24.6 percent year-on-year.

Fibre2fashion News Desk - China

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