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Exports of textiles clock higher growth rates than clothing in 2008
17
Jan '09
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.

Fibre2fashion News Desk - China


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