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China's textile & garment exports to Indonesia slowdown
Oct '13
The rate of growth of Chinese textile and garment exports to Indonesia has slowed down this year, compared to last year.
From January to September 2013, China’s textile and apparel exports to Indonesia grossed US$ 3.21 billion, showing an increase of 9.8 percent year-on-year, far less than the 34 percent year-on-year growth seen in corresponding period of 2012, according to Chinese customs statistics.
Among the Chinese exports, textiles accounted for 69 percent share to reach US$ 2.22 billion, registering an increase of 8.7 percent year-on-year, during the nine-month period. Clothing exports accounted for the remaining 31 percent share to touch US$ 990 million, up 12.5 percent year-on-year.
Yarn exports from China to Indonesia increased 10.2 percent year-on-year to US$ 190 million during the first three quarters of 2013. Of this, chemical fibre yarn exports grew 11 percent year-on-year to US$ 150 million, with average export price of US$ 2.88/kg, down 3 percent y-o-y. Cotton yarn exports dropped 19 percent y-o-y to US$ 21 million, at an average price of US$ 5.09/kg, up 9.3 percent y-o-y. Wool and animal hair yarn exports accounted for the remaining amount.
Fabric exports from China to Indonesia grew at 8.1 percent year-on-year to US$ 1.46 billion during the period under review. Of this, cotton fabric exports were worth US$ 440 million, up 14.7 percent y-o-y, at an average price of US$ 2.19/m, showing a slight increase of 0.17 percent. Chemical fibre yarn exports fetched US$ 500 million, up 2.2 percent y-o-y, at an average price of US% 1.06/m, down 4.4 percent y-o-y. Wool and animal hair fabric exports accounted for the remaining amount.
In 2012, Indonesia imported textiles and garments worth US$ 4.8 billion from China.

Fibre2fashion News Desk - India

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