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Qingdao exports to US show firm trend

26
May '08
According to statistics, from January to April, exports to the US from Qingdao City reached US $1.635 billion, a year-on-year increase of 7 percent, 2.3 percentage points higher than the growth rate of the first quarter. Imports were recorded at $394 million, up 28.1 percent from the same time last year.

Experts believe that China's exports to the US will still be fairly robust, although growth will gradually slow down, but exports will not see negative growth.

China's exports to the US are largely labor-intensive products, and mostly are daily necessities. These products are essential for the American consumers at different levels, and thus, economic slowdown in the US is unlikely to have great impact on their demand.

During the first quarter, China's import and export trade with the US earned $73.67 billion, a surge of 10.5 percent. Of these, exports marked $53.45 billion, rise of 5.4 percent and imports scored $20.22 billion, climbing 26.6 percent at year-on-year level.

Fibre2fashion News Desk - China


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