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Textile and apparel exports hit $9.47 b in first three quarters

Textile and apparel exports hit $9.47 b in first three quarters Source:
Date: 01-11-2013
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Ningbo textile and garment exporters is picking up amid a gloomy international market. Ningbo Customs statistics show that the city's total exports of textiles and clothing (textile yarn, fabrics, clothing and accessories) in the first three quarters hit USD$ 9.47 billion, an increase of 7.2 percent.
EU is the largest importer who has exported USD$ 2.48 billion, an increase of 7.6 percent; U.S. ranked second, with exports of USD$ 1.57 billion, an increase of 8 percent. The third large importer is Japan, who exports USD$ 970 million, an increase of 0.2 percent.
According to Customs analysts, two major factors contribute to the growth during the first three quarters. First, the declining international cotton price reduced the raw material costs, making the performance of textile and apparel industry rebounded significantly; Second, the rapid development of textile and garment industry moved into its quality-growth phase. A growing number of garment manufacturers began to engage in the design and production of fabrics and extend to high-end industry. The move effectively enhances their competitiveness.
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