Chinese textile garment exports increase last year, but suffer slowdown since Q3
Source: CCPIT TEX Date: 2006-02-22
According to China Textile Industry Association, the gross imports and exports of Chinese textile products and garments recorded 134.63 billion US dollars last year, a year-on-year increase of 17.9 percent and taking up 9.5 percent of the nation's total foreign trade.
In 2005, the transition period after the lifting of trade quota, US and European countries have set numerous restrictions against textile products from China. That, plus the RMB appreciation, rising raw material prices and tight energy and transportation supply, led to sluggish growth of exports of Chinese textile products and garments, especially since the third quarter of last year.
During this period, the total export volume of Chinese textile products and garments registered 117.535 billion US dollars, achieving a 20.7 percent increase from the year before and accounting for 15.4 percent of the nation's total export.
The textile-garment exports in Zhejiang, Guangdong, Jiangxi, Shanghai and Shangdong have all exceeded 10 billion US dollars, the foreign exchanges earned in these five provinces and municipality accounted for 76 percent of the textile-garments industry's total.
The US is Chinese mainland's biggest textile export market, then followed by Japan and HK SAR. Japan, China's Taiwan and ROK are the top three sources of imported textile products.
