January-November 2007 Textile/Apparel Exports to EU are Flat
Source: globecotnews Date: 2008-01-16
China exported 160.651 billion U.S. dollars (USD) worth of textiles and apparel during the January through November 2007 period. Nearly half of all exports or 71.654 billion USD has moved to Asian destinations, which represented a 17.12 percent year-on-year increase. The fastest-growing export destination was the ASEAN trade block, with January through November exports soaring 49.74 percent to 9.755 billion USD. Shipments to Italy surged 47.94 percent to 2.731 billion USD, while exports were up to the larger markets of Japan (3.48 percent to 18.675 billion USD) and Hong Kong (2 percent to 16.727 billion USD).
Exports to Europe, as a trade block, increased 17.61 percent to 40.175 billion USD; however shipments to the European Union, itself, declined .50 percent to 26.471 billion USD. Much more robust growth was noted in shipments to the U.S., which grew 19.95 percent to 24.568 million USD, while exports to Canada jumped 45.18 percent to 4.293 billion USD.
Cotton product exports gained 31.05 percent to 66.145 billion USD.
