Home  |  Contact Us  |  Sitemap  |    |  

 

 

 

 

 

 

 Location > Home > Trade > Focus > Textile

China saw quicker growth in textile exports but slower rise in foreign sales of garments in the first five months of this year, said sources with the General Administration of Customs.

Between January and May, China exported 66.16 billion U.S. dollars worth of textiles and garments, a growth of 15.4 percent on the same period of last year.

The total included 26.07 billion U.S. dollars worth of textile products, up 26.3 percent, and 40.09 billion dollars worth of garments and accessories, up 9.3 percent.

The growth rate for textile exports was higher than the level for the whole of last year, whereas that for garments was nine percentage points lower than the year-earlier level.

In May alone, the nation's garment exports increased by a record-low rate of 1.08 percent to 8.59 billion U.S. dollars worth.

Industry insiders accredited the substantial slowdown to weak demand abroad, expediated appreciation of Chinese currency and higher production cost.

They added that the weak demand had affected cotton sector in China. The country imported 240,200 tons of cotton in May, a decrease of 23,200 tons, or 8.81 percent, from the previous months.
 



Relation Articles:
[Keyword:textile ]
.China's textile firms turn wary on fixed investment in 1Q2008/05/09
.China's cotton imports seen lower as textile industry stagnates2008/05/09
.Yuan appreciation dampens China's textile export prospects2008/04/28
.Chinese textile firms struggle to survive in 20082008/04/21
.China textile industry body grants credit ratings to members2008/04/18

SEND TO MY FRIEND
PRINT
    Feed Back  |  Help & Tips  |   Site Statement  |  Hot Links  |  Privacy Policy   |  About Us
 
  Partners With Us      
 
 
Copyright © 2001-2005: Ministry of Commerce of the People's Republic of China
China International Electronic Commerce Center
Cofortune Information Technology Co., Ltd.
ICP: Jing ICP Bei No.010166 Business Licence: Jing ICP Zheng No.030430