Home / Knowledge / News / Textiles / Bi-lateral trade strengthens in Q1
Bi-lateral trade strengthens in Q1
19
Apr '08
According to customs statistics, total trade value of the China reached US $570.38 billion in the first quarter of 2008, experiencing a substantial gowth of 24.6 percent from the same period last year.

The exports fetched nearly $305.9 billion, rising by 21.4 percent, observing a fall of 6.4 percentage points than Q1 of last year.

On the other hand, the country imported goods worth almost $264.48 billion, soaring 28.6 percent, making it 9.4 percentage points higher when compared to same period of 2007.

The accumulated trade surplus registered a year-on-year decline of 10.6 percent by reaching merely $41.42 billion, a net decrease of $5.02 billion.

During this period, EU turned out to be biggest trade partner of the nation. The Sino-Eu bilateral trade value reached nearly $93.92 billion, a rise of 24.7 percent from the same time last year.

Affected by subprime loan crisis in US and a recent appreciation in RMB the pace of exprots from China to the United States witnessed a decrease. However, the country still acquired second position, with Sino-US two way trade volume witnessing a boost of 10.5 percent by reaching $73.67 billion approximately.

Japan gained third place, as bilateral trade value accounted for almost $60.49 billion, experiencing a growth of 14.4 percent.

In addition, total trade value of China with The Association of Southeast Asian Nations (ASEAN), fetched nearly $54.4 billion in Q1, increasing by 26.2 percent, making it fourth largest trading partner.

The Sino-Indian trade value grew by 61 percent, by reaching approximately $13.23 billion, making India first among top 10 trading partners within ASEAN association.

Fibre2fashion News Desk - China


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search