China’s textile and clothing exports Showed Unexpected Growth in November 2010
Released on 2011-10-21 18:26 | readings
According to the China Economic News data from 2001 to 2010, China's textile and garment exports kept double digits growth rates, the total export value cumulative growth is nearly 3 times in just 10 years. Today, as the world’s largest textile and garment exporter, China has a particularly important role to play in global issue.
In the 2010 from January to November, China's textile and garment exports accumulated growth rate rose to 20% again. Total exports reached $186.62 billion US dollar, an increase of 24.2% year on year. It has rised by 11.7% compared with year 2009. Total imports reached $ 18.12 billion US dollar, an increase of 20.3% year on year, compared with 2009 full year, it have risen by 7.7%.
As more and more countries enter the world of textile and clothing market, competition has become intense. But the market remains the most protected among manufactured commodities in industrial economies. Nevertheless, According to Chinese customs statistics, in November 2010, China's textile and garment foreign trade value has grew rapidly. Just in one month, the exports reached $ 19.02 billion, an increase of 36.2% year on year, a growth of 6.9%. At the same time, imports are also very prominent, the month of imports is up to$ 1.93 billion. It has reached a peak high, an increase of 31.3% year on year, growth of 22.9%.
One main concern is that this month of the year is the off season, but the textile and garment import and export has first time reached above 30% which also set a new high record. What we can be certain is that China export of textile is gradually restore to the substantial changes.
According to the China Economic News data from 2001 to 2010, China's textile and garment exports kept double digits growth rates, the total export value cumulative growth is nearly 3 times in just 10 years. Today, as the world’s largest textile and garment exporter, China has a particularly important role to play in global issue.
In the 2010 from January to November, China's textile and garment exports accumulated growth rate rose to 20% again. Total exports reached $186.62 billion US dollar, an increase of 24.2% year on year. It has rised by 11.7% compared with year 2009. Total imports reached $ 18.12 billion US dollar, an increase of 20.3% year on year, compared with 2009 full year, it have risen by 7.7%.
As more and more countries enter the world of textile and clothing market, competition has become intense. But the market remains the most protected among manufactured commodities in industrial economies. Nevertheless, According to Chinese customs statistics, in November 2010, China's textile and garment foreign trade value has grew rapidly. Just in one month, the exports reached $ 19.02 billion, an increase of 36.2% year on year, a growth of 6.9%. At the same time, imports are also very prominent, the month of imports is up to$ 1.93 billion. It has reached a peak high, an increase of 31.3% year on year, growth of 22.9%.
One main concern is that this month of the year is the off season, but the textile and garment import and export has first time reached above 30% which also set a new high record. What we can be certain is that China export of textile is gradually restore to the substantial changes.