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Asean becomes main strength to boost china's textiles and apparel export growth

Asean becomes main strength to boost china's textiles and apparel export growth Source:
Date: 02-03-2013
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According to Chinese customs statistics, China’s total volume of textile and apparel trade in 2012 reached US $279.44 billion, an increase of 3.1 percent year on year, of which, exports fetched US $ 254.98 billion, an increase of 2.8 percent year on year, imports scored US $24.46 billion, an increase of 6.2 percent year on year, cumulative trade surplus registered US $230.52 billion, an increase of 2.5 percent year on year.

Textile and garment import and export of general trade increased its proportion to 72 percent in total textile and garment trade, of which exports accounted for 75 percent, imports accounted for 41.4 percent. The proportions of trade volume, exports and imports expanded by 27 percentage points, 12.5 percentage points and 35 percentage points, respectively, compared with 2002.

Looking at commodity exports, among textiles, export volumes of yarn and fabrics increased by 7.6 percent and 3.3 percent, respectively, among them, cotton yarn increased by 13.9 percent, cotton fabrics increased by 2.9 percent. But export prices of cotton yarn and cotton fabrics fell 15.1 percent and 7.1 percent, respectively.

China's total textile and apparel exports to ASEAN registered US $26.66 billion in 2012,accounted for 10.5 percent of total exports and expanded 2.5 percentage points from 2011; exports increased 34.2 percent year on year, ASEAN has replaced the European Union to become the main strength to boost overall export growth.
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