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Turnaround in China's textile & apparel exports
09
Nov '12
China’s textile and garment exports have witnessed a turnaround in September 2012, after three months of consecutive decline, as per the figures released by China Chamber of Commerce for Import and Export of Textiles.
 
The textile and apparel exports increased by 9.3 percent year-on-year and fetched US$ 25.13 billion in September, which is a new record during the current year.
 
The increase in exports was due to support from Christmas orders and the stabilization of the US economy.
 
In September, China imported textiles and clothing worth US$ 2.13 billion, registering a growth of 4.6 percent year-on-year, thus realizing a trade surplus of US$ 23 billion, which is a rise of 9.8 percent year-on-year.
 
From January to September, China’s overall textile and garment trade recorded US$ 205.32 billion, up one percent year-on-year. 
 
During the nine-month period, textile and garment exports fetched US$ 187.16 billion, showing a rise of 0.5 percent year-on-year, while the country imported textiles and apparel worth US$ 18.17 billion, up 6.4 percent year-on-year, thus achieving a surplus of US$ 168.99 billion, which remains almost same as the surplus recorded during the corresponding period of last year.
 

Fibre2fashion News Desk - China

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