China’s Textile and Garment Export Up 17.8% in May
Source: Xinhua Date: 2007-07-19
China’s export of textile products and garment reached 13.16 billion U.S. dollars in May of this year, increasing 330 million U.S. dollars over the previous month and up 17.8 percent year on year.
Total export of textile products and garments topped 57.35 billion U.S. dollars in the first five months of this year, rising 15.6 percent year on year. It is not an easy win for textile industry to achieve such growth of export when the industry is facing various difficulties including rises of costs of raw materials and labor, appreciation of renminbi, and drop of export rebates.
Industry experts still urged textile enterprises to change export product structure, increase added value of products, and develop brand-name products.
Statistics show that China’s output of yarn reached 1.64 million tons in May, up 19.7 percent year on year, adding the total to 7.40 million tons in the first five months, up 20.6 percent.
