Export demand rises for high value-added products
Source: Fibre2fashion Date: 2006-12-07
Regarding China's exports of cotton textiles and apparel in January-September 2006, from the composition of textile products, basic yarn and thread still heavily relied on imports, although yarn and thread exports value in 2006 increased 28.47 percent over the same period last year, real value growth was only US $300 million, due to a small base.
Cotton fabric exports increased 16.43 percent on year-on-year scale, but actual growth was 13.25 percent after deducting price factors, dropping nearly 6 percent over the same period last year, of which, the growth rate of cotton gray fabrics, yarn-dye fabrics, and denim were 2.69percent, 5.19 percent and 0.18 percent, far behind the same time last year, except printed and dyed fabrics maintained a double-digit growth.
The growth rate of garment was 41.7 percent, an increase of 2.45 percent over the same period last year. Due to the large base of garment exports, 2.5 percent increase means $0.5 billion.
It can be seen from the above that China's export growth has further shifted towards higher value-added products. Meanwhile, the export growth of higher value-added products is the striving goal of textile industrial restructure.
