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Textile imports from China exceed expectations
17 Mar '10
1 min read
China's textile exports to the United States totaled to US $2.825 billion in February 2010, according to US Customs data, an increase of 25.60 percent year-on-year, indicating a very strong warming trend in the economy of the US.
The Spring Festival holidays in China extended from February 13 to 19 and based on historical experience, export value in the month of the Spring Festival always significantly declines. But the year-on-year growth has exceeded expectations.
US imports of yarn and fiber from China accounted for 12 percent of all products, chemical fiber textiles formed 53 percent and cotton textiles made up for 33 percent. Import value of cotton and chemical fiber products accounted for 86 percent.
Growth rate of wool textile imports reached 30 percent, while only imports of silk textiles decreased by 23.91 percent in February 2010. This portends as a positive indicator, that there is an upswing in the biggest economy in the world.
Click here to view product wise figures.
The Spring Festival holidays in China extended from February 13 to 19 and based on historical experience, export value in the month of the Spring Festival always significantly declines. But the year-on-year growth has exceeded expectations.
US imports of yarn and fiber from China accounted for 12 percent of all products, chemical fiber textiles formed 53 percent and cotton textiles made up for 33 percent. Import value of cotton and chemical fiber products accounted for 86 percent.
Growth rate of wool textile imports reached 30 percent, while only imports of silk textiles decreased by 23.91 percent in February 2010. This portends as a positive indicator, that there is an upswing in the biggest economy in the world.
Click here to view product wise figures.
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