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Exports from labour intensive sectors less affected

23
May '09
According to an analysis made in April on the foreign trade situation and released by the National Development and Reform Commission (NDRC), the fall in exports of labour intensive sectors such as textiles and light industries is relatively smaller,.

From January to April, exports of textile yarn, fabrics and products fetched US $17.14 billion, down 15.2 percent year-on-year, while, exports of clothing and accessories registered $29.41 billion, down 6.6 percent year-on-year.

That of footwear exports indicated $8.44 billion, down only 0.6 percent year-on-year; exports of furniture and parts completed $80.4 million, down 8.4 percent and that of luggage was $3.77 billion, down by a marginal 0.8 percent.

China's foreign trade with emerging market countries and regions declined faster. In the same period, foreign trade with the EU reached $102.47 billion, down 21 percent y-o-y; with the United States scored $85.82 billion, down 16.2 percent and with Japan amounted to $64.51 billion, down 23.8 percent.

China's foreign trade with the ASEAN, South Korea, Taiwan, India, Russia and Brazil decreased by 27.1 percent, 28.1 percent, 40 percent, 30.4 percent, 41.6 percent and 25.4 percent, respectively.

Fibre2fashion News Desk - China


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