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Textile & Garment Trading Volume Up 5.9% in Canton Fair
Source: CNTEX NEWS Date: 2009-11-13
Upon the closing of The 106th Canton Fair, the organizer reported 5.9% growth of the textile & garment trading volume. It is always regardes as a signal that the worst time for textile & garment industry has passed. Nevertheless, the break point might come at the mid of 2010 since the whole situation is still under recovery.
The organizer of Canton Fair reported that the trading volume of textile and garment were 3.42 billion USD, up 5.9% from previous fair, which accounting for 11.2% of the total trading volume of this fair. Of which, garment sales were 1.79 billion USD, up 10.5%; textile 1.63 billion USD, up 1.4%.
As an export-driving industry, textile and garment industry have high foreign-trade dependence. Since the global consumption hasnot recovered and the export demand was still weak, this industry cannot say recovery right now.
The export of China textile and garment accumulated to 121.643 billion USD in first nine months, down 11.16% year over year. For September, the export was 16.751 billion USD, 1.055 billion USD more than that of last month, or up 6.72% on a monthly basis, but still down 6.94% on a yearly basis. Otherwise, the decrease speed evidently slowed down.
The organizer of Canton Fair reported that the trading volume of textile and garment were 3.42 billion USD, up 5.9% from previous fair, which accounting for 11.2% of the total trading volume of this fair. Of which, garment sales were 1.79 billion USD, up 10.5%; textile 1.63 billion USD, up 1.4%.
As an export-driving industry, textile and garment industry have high foreign-trade dependence. Since the global consumption hasnot recovered and the export demand was still weak, this industry cannot say recovery right now.
The export of China textile and garment accumulated to 121.643 billion USD in first nine months, down 11.16% year over year. For September, the export was 16.751 billion USD, 1.055 billion USD more than that of last month, or up 6.72% on a monthly basis, but still down 6.94% on a yearly basis. Otherwise, the decrease speed evidently slowed down.
