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Exports of fabrics & yarns register impressive growth

13
Dec '08

According to statistics released by the General Administration of Customs on December 10 for export commodities, China's export of machinery and electronic products registered US $761.32 billion, an increase of 20 percent over the same period and accounted for 57.8 percent of China's gross export value over the same period.

From amongst them, exports of electrical and electronic products scored $317.570 billion, up 17.1 percent; exports of machinery and equipment fetched $248.050 billion, an increase of 19.9 percent while high-tech exports amounted to $385.670 billion, an increase of 16.2 percent.

In exports of traditional commodities, clothing and accessories exports stood at $108.700 billion, an increase of 3.1 percent and shipments of textile yarn, fabrics and products totaled $60.410 billion, an increase of 18.1 percent, the growth rate increasing by 2.8 percentage points. However the best rate was displayed by the footwear category which shipped $26.770 billion worth of products to garner a growth of 16.2 percent.

In the case of imported goods the proportion of primary products increased sharply. According to customs statistics, in the first 11 months, China's imports of primary products reached $344.080 billion, an increase of 57.8 percent and accounting for 32.4 percent of China's total import value of over the same period and growth rate registering 7.2 percent over the same period last year.

Imports of industrial products were $717.130 billion, an increase of 11 percent, accounting for 67.6 percent of China's gross import value over the same period. Of which, imports of machinery and electronic products were $500.530 billion, up 10.9 percent.

Fibre2fashion News Desk - China

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