May textile export to EU shows mixed trend
According to the latest Customs statistics, China exported textile and garment worth US $2.987 billion to the EU in May 2008, representing a growth of 17.82 percent from April, and an increase of 51.33 percent over the same period last year.
Among these, clothing exports amounted to $2.246 billion, a growth of 29.42 percent from April, and enlarging 60.55 percent the same time last year. These accounted for about 75.20 percent of total exports to the EU.
Meanwhile, textile exports amounted to $741 million, down 7.36 percent from April, but up 28.89 percent as compared to same time last year, accounting for about 24.80 percent of total exports to the EU.
China's May textile exports to the EU decreased on the whole, mainly resulting due to negative growth in exports of manufactured products that scored $384 million, down 10.89 percent from April, and accounted for 12.86 percent of total industry shipments to this region.
Fabric exports in the month only achieved $257 million, sliding 1.47 percent from the previous month, forming a proportion less than 1.5 percent.
Woven fabrics made from main chemical fibers increased both in price and volume, of which, export value marked $115 million, augmenting 11.54 percent from the previous month, taking the first place among all kinds of exported fabrics.
Although May exports of wool and animal hair woven fabrics fell significantly by 19.90 percent, its export price substantially climbed, mounting 30.84 percent from the previous month, much higher than the gains of other textiles.
Exports of woven apparel recorded $1.083 billion, ascending 21.27 percent from the previous month, forming a share of 36.26 percent. Knitwear exports registered $880 million, up 44.74 percent from April, taking a proportion of 29.47 percent.
Exports of wool and leather garment amounted to $36 million, a surge of 144.60 percent from April, and accounted for 1.19 percent share.
May exports of wool knitted apparel jumped 254.22 percent, export value climbed as high as 320.90 percent from April, the fastest growth among exported clothing. Its average export price also rose 18.83 percent from the previous month.
However, export price of woven clothing fell significantly by 22.93 percent from April. Export prices of leather clothing and wool apparel fell 1.75 percent, 11.56 percent, respectively.
Silk knitted apparel gained 89.18 percent in price than that in April. While, export price of knitted garments made from chemical fibers and other materials promoted more than 30 percent, cotton knitted clothing marked a price hike of 24.44 percent as compared to the previous month.
Besides, May export price of wool woven clothing suffered a year-on-year decrease of 13.22 percent. Export price of wool knitted apparel also dropped 2.74 percent.
Export prices of woven clothing made from chemical fibers and other materials tumbled 4.26 percent and 1.08 percent, respectively, as compared to same time last year.
Yarn export value amounted to $99 million, 1.07 percent more from the previous month, forming a share of about 3.33 percent. Chemical fiber yarns exports slightly decreased by 0.02 percent from the previous month, but export price increased by 0.94 percent. Export prices of other yarn varieties declined, of which, wool and animal hair yarns fell 5.54 percent.
Among exports of sub-categories, only carpet exports rose 0.24 percent from that in April.
Fibre2fashion News Desk - China