China's Textile exports rise in price, fall in quantity
Source: CCPIT TEX Date: 2006-09-21
China's textile export in terms of quantity has declined while on price basis it recorded a healthy growth, informed Cao Xinyu, Vice Chairman of China's Chamber of Commerce for the Import and Export of Textiles.
During January–July, 2006 China’s export and import turnover increased 21.4 percent to US $86.48 billion of which country earned $76.17 billion through exports and cost of import was $10.31.
China’s exports turnover reported rise of 23.9 percent while imports turnover increased 5.7 percent with $65.86 billion of favorable balance.
Export quantity of clothing items declined following the restrictions imposed by the US and EU countries.
On the other hand, export prices of clothing from January to July increased by 6.5 percent while export prices of clothing to the US and EU rose 26.7 and 23.6 percent respectively.
