China:Increase in foreign trade of textile and garments
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admin
PublishDate:
2007-10-08 17:06:00
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Chinese mainland's foreign trade of textile, garments has surged in the first eight months of current fiscal.
The Chinese mainland's imports and exports of textiles and garments showed an year-on-year increase of 18 percent in the first eight months of this year. The imports reached 124 billion U.S. dollars.
China's total trade volume for the first eight months of this year is 1.37 trillion US dollars. The textile and garments have made up almost 10 percent of the mainland's total trade volume.
From January to August, exports of textile and garments rose 19.5 percent over the same period last year to 112 billion U.S. dollars, while imports went up 4.4 percent to reach 12.5 billion dollars.
More than one third, or 37.8 percent, of the exports went to the United States, Japan and Hong Kong, totaling 42.2 billion U.S. dollars. The exports to the EU were 19.3 billion US dollars and accounted for 17 percent of the Chinese mainland抯 total exports of textile and garments.
Meanwhile, China imported textile and garments mainly from Japan, Taiwan and South Korea in the Jan-Aug period, accounting for about half of the total imports.