Home / Knowledge / News / Textiles / Foreign trade whisker short of US$ 2 trillion mark
Foreign trade whisker short of US$ 2 trillion mark
14
Oct '08
According to data released by the General Administration of Customs on October 13, for the period January to September this year, China's foreign trade stood at US $1.9671 trillion, a year-on-year increase of 25.2 percent.

Of the above figure, exports registered US $1.074 trillion, up 22.3 percent and imports touched 893.1 billion, an increase of 29 percent. Total trade surplus totaled to $180.9 billion, down 2.6 percent.

Customs statistics reveal that in September, China's combined import and export value scored $243.5 billion, an increase of 21.4 percent. Individually, exports fetched $136.4 billion, up 21.5 percent and imports grew to $107.1 billion, up 21.3 percent.

According to customs statistics, in the first nine months, imports and exports by foreign-funded enterprises amounted to $1.0805 trillion, accounting for 54.9 percent of China's total import and export value over the same period.

Among major trading partners of China's bilateral trade, the growth of bilateral trade with the United States showed a slowdown, but bilateral trade with India showed rapid growth.

In the first nine months, Sino-Indian bilateral trade value reached $42.05 billion, an increase of 54.9 percent. The growth rate ranked first place among top ten of China's trading partners.

In export of commodities, most of China's traditional commodities fell in growth rates. Among them, exports of clothing and accessories reached $87.08 billion, an increase of 1.8 percent but down 21.2 percent from the growth rate of the same time last year.

Exports of textile yarn, fabrics and finished products touched $49.86 billion, an increase of 21.3 percent, up 7.1 points from last year. Footwear exports on the other hand increased by 15.1 percent to reach $22.08 billion but down by 1.7 percent in growth rate from last year.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Philippine Information Agency

Apparel/Garments | On 29th Jul 2017

Philippines govt issues guidelines for garment firms

The Department of Trade & Industry-Board of Investments (DTI-BOI) and ...

Textiles | On 29th Jul 2017

Bangladesh govt takes 8 jute mills back from private firms

The Bangladesh government has taken 8 jute and textile mills back...

Textiles | On 29th Jul 2017

Textile machinery orders grow in second quarter: ACIMIT

ACIMIT, the Association of Italian Textile Machinery Manufacturers...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X