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Substantial growth in import & export of textile products

16
May '08
According to Customs Statistics, total import and export of China reached nearly US $791.14 billion from January to April this year, a significant boost of 24.4 percent when compared to same time of 2007.

Of the total, export figures touched almost $424.57 billion, demonstrating an increase by 21.5 percent. At the same time, the country imported commodities worth $366.57 billion, growth of 27.9 percent. Cumulative trade surplus scored $58 billion, down by 7.9 percent, a net decrease of $4.95 billion.

The exports of apparel and clothing accessories fetched almost $31.5 billion revenue, a hike of 11.7 percent. Textile yarn, fabrics, finished products earned approximately $20.22 billion, rising by 26.6 percent and footwear registered $8.48 billion, growing by 11.6 percent.

According to available statistics, textile and garment exports of China came around $14.286 billion in April, a rise of 12.66 percent. Of textile, yarn, fabrics and finished products export registered about $5.982 billion, augmenting 19.04 percent. Garments and clothing accessories fetched about $8.304 billion for the country, showcasing a slight increase of 8.46 percent.

The year-on-year growth rate has dropped to the lowest in latest five years, which has made the entrepreneurs slight skeptical about the future.

Fibre2fashion News Desk - China


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