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China - continued slowdown of export growth in oct.

China - continued slowdown of export growth in oct. Source: www.yarnsandfibers.com
Date: 19-01-2012
Visits: 203
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According to customs statistics, in October of 2011, China’s textile and apparel trade reached 21.53 billion U.S. dollars, up 11.1%, in which exports $ 19.65 billion, a year on year increase of 10.4%, yet a month on month decline of 14.5%; imports $ 1.88 billion, an increase of 19.6%, a month on month decline of 7.8%. From January to October period, China’s textile and apparel trade reached 224.77 billion U.S. dollars, up 22.3%, exports 205.82 billion U.S. dollars, up 22.8%, and imports $ 18.95 billion, up 17.1%. Cumulative surplus was $ 186.87 billion, an increase of 23.4%. From the current grim international economic situation, the last two months of the year, textile and garment exports will remain low growth, the growth rate will continue to fall.

Garment export growth rate dropped

EU market: In all major markets, China’s exports to the EU growth rate dropped rapidly. In October, exports to the EU market $ 3.25 billion, an increase of only 0.5% compared to March, shrinking by 54 percent. Textile grew 7.7% while clothing fell 1.6%. Knitted and woven garment exports fell 17.7%, compared to September, a decline nearly 5 percentage points. The average export price rosed 18.2%. From January to October period, China exported $ 45.05 billion for the EU, an increase of 23.9%, of which textile exports $ 9.57 billion, up 19.8%, apparel exports 35.48 billion U.S. dollars, up 25.1%. U.S. market: In October, China’s exports to the U.S. market $ 3.12 billion, a year on year increase of 1.7%, compared to September, shrinking 3.8%. Textile grew 13.4%, compared to September, the growth rate increased 4.2%. Apparel exports dropped 1.7%, the first time to drop in the year (except February). Knitted and woven garment exports fell 16.3%. The average export price rosed 13.3%. From January to October period, China exported $ 31.61 billion for the U.S., an increase of 11.5%, of which textile exports $ 7.84 billion, up 10.3%, apparel exports 23.77 billion U.S. dollars, up 12%.

Japan market: In October, China’s exports to Japan $ 2.59 billion, up 13.1%, dragged down by clothing, the increase dropped 12% compared to September, textile increased 0.7% compared to September. Among all categories of garment, knitted and woven garment exports fell 5.8%. The average export price rosed 17%. From January to October period, China exported $ 22.47 billion for Japan, an increase of 23.8%, of which textile exports up 29.7%, apparel exports up 22.5%.

ASEAN market: Maintaining growth in exports to ASEAN, there are no obvious signs of slowing down on the main export products. In October, China’s exports to ASEAN $ 1.54 billion, up 21.4%, the export volume and average unit price of exports for yarn, fabrics achieved both year on year and month on month growth. From January to October period, China exported $ 15.86 billion to ASEAN, an increase of 39.2%.

Among them, Vietnam in ASEAN has become China’s largest textile and apparel trade partner.

Negative growth of garment exports

In October, China’s textile export $ 7.45 billion, up 18.4%, garment export $ 12.2 billion, up 6%, garment export growth rate dropped even more significantly, monthly export growth, for the first time of the year, dropped to less than 10% (except February). Textile exports is relatively stable, compared to September, the month export growth expanded by 1.8 percentage points. Among main export products, yarns, fabrics and knitted, woven garments exports were up respectively 16%, 20.6% and 4.1%, in which knitted, woven garments exports fell faster, down 11%, export unit price increased by 17%, the growth rate was narrowed continuously.

From January to October period, the three categories of merchandise of yarn, fabric and knitted, woven garments exports reached $ 10.16 billion, $ 37.32 billion and 127.44 billion, respectively up 28.1%, 29.5% and 21.4%.

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