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Exports of textiles clock higher growth rates than clothing in 2008
17 Jan '09
1 min read
The Chinese textile and garment industry export powerhouse has despite all the tribulations, been able to close 2008 with positive figures; though albeit lower than those achieved in 2007.
According to the data released by the General Administration of Customs, China's total textile and garment exports in 2008 reached US $185.165 billion, a year-on-year increase of 8.18 percent, but at a lower growth rate compared to 26.28 percent set in the beginning of the year.
Out of the above figure, textile exports amounted to $65.375 billion, representing a growth rate of 16.60 percent, 1.6 percent higher than the growth of the previous year, while apparel exports could manage growth rate of only 4.10 percent in reaching $119.79 billion, down 16.80 percent vis-à-vis 2007.
According to the data released by the General Administration of Customs, China's total textile and garment exports in 2008 reached US $185.165 billion, a year-on-year increase of 8.18 percent, but at a lower growth rate compared to 26.28 percent set in the beginning of the year.
Out of the above figure, textile exports amounted to $65.375 billion, representing a growth rate of 16.60 percent, 1.6 percent higher than the growth of the previous year, while apparel exports could manage growth rate of only 4.10 percent in reaching $119.79 billion, down 16.80 percent vis-à-vis 2007.
Fibre2fashion News Desk - China
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