Home / Knowledge / News / Textiles / Textile industry biggest contributor to trade surplus
Textile industry biggest contributor to trade surplus
Apr '09
Consumption by the domestic population in China accounts for 49 percent of GDP. Of this, clothing consumption accounts for 10.77 percent of per capita expenditure of urban residents while, rural clothing consumption totals to 5.9 percent of the same.

China's trade surplus accounts for 29 percent of GDP and the trade surplus of the textile industry accounts for nearly 60 percent of GDP. In effect, 83 percent of China's trade surplus was created by the textile industry from 2001 to 2008.

Experts stress that the textile industry is like a pillar of the economy and also concerns livelihoods of millions of people in the country., The textile industry chain is very long, which accounts for the labour intensive nature of the sector.

Beginning from cotton to garments, home textiles and industrial textiles, it absorbs 20 million people, of which about 80 percent are migrant workers. Raw materials like cotton, wool, silk, hemp also help 100 million farmers earn their livelihood.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search