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Us, japan lead in china's textile exports

Us, japan lead in china's textile exports Source: www.chinatexnet.com
Date: 20-01-2014
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The United States and Japan continued to be the main destinations for Chinese textile and apparel exports in January-September 2013 period, data released by the China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) showed.
 
According to the data, China’s textile and clothing exports grew by 12 percent year-on-year to US$ 209.529 billion during the nine-month period. Of this, the US imported goods worth $31.261 billion, accounting for 14.9 percent share in China’s overall textile and garment exports during the period.
 
With 9.5 percent share, Japan was the second-largest destination for Chinese textiles and apparel. China’s exports to Japan were valued at $19.893 billion during the first three quarters of 2013.
 
Hong Kong, Vietnam and Russia took the next three spots with imports worth $14.53 billion, $9.277 billion and $8.199 billion, accounting for 6.9 percent, 4.4 percent and 3.9 percent share, respectively, in China’s total textile and garment exports during the period under review. Germany, the UK and the UAE followed next with 3.8 percent, 3.3 percent and 2.8 percent share.
 
Continent-wise, the bulk of Chinese textile and garment exports were destined to Asian countries, which imported goods valued at $96.644 billion during the first three quarters of 2013.
 
China earned $49.064 billion from textile and clothing exports to Europe, while its exports to North America, Latin America, Africa and Oceania fetched $34.496 billion, $12.767 billion, $12.198 billion and $4.359 billion, respectively, the CCCT data showed.
 
Among the top 20 destinations for Chinese textile and apparel exports, the highest increase was seen in exports to Vietnam, which surged by 73.4 percent year-on-year, followed by exports to Kazakhstan, Malaysia and Russia, which increased by 54.7 percent year-on-year, 45.8 percent y-o-y and 31.3 percent y-o-y, respectively.
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