China's Textile & Clothing Export Rises Sharply

Due to the strong resumption of international market demand and low base for last year's export, China's export of textile goods and garments rises sharply this year. According to the statistics of the Customs, the export amount of such goods from January to February tops US$6.77 billion, a growth of 44.6% as compared to the same period of last year, of which, textile export is US$2.03 billion, a rise of 35.3% , garment export US$4.74 billion, a rise by 49%, both setting a record high of the same period. The export of such goods in January is US$3.78 billion, while that in February drops a little due to the influence of spring festival holiday.

The exports of the first two months have the following characteristics:

1. The ratio of ordinary trade saw a remarkable rise. The structure adjustment of the past two years and the support of the relevant state policies have promoted the growth of the export of ordinary trade, the amount of which is US$3.9 billion, a rise of 79.2%, including 45% growth of textile products and 99.9% growth of clothing. The proportion of ordinary trade as of the total export is 57.6%, a rise of 6.1 percentage points as against that at the end of last year.

2. The export to the Asian region grows by a big margin. From January to February the export to Hong Kong, Taiwan, Japan, Korea and ASEAN rise respectively by 58.3%, 66.7%, 39.5%, 50.6% and 58.5%; that to European Union and US by 29.4%, and 18.9% respectively. Hong Kong, Japan, EU and US are still four major markets for China's textile and garment export, the amount of which to these four regions are 17.3, 15.6, 7.0, and 6.7 billion in US dollars, covering 25.6%, 13.0%, 10.3%, and 9.9% of the total export value respectively. The export pickup to Asia is the major factor for the growth of the whole export.

3. SOEs export too rise sharply. The export of SOEs during January and February accounted for US$4.2 billion, a rise of 53.6% as against the same period of last year, higher than the growth rate as a whole and 30 percentage points higher than that of foreign-funded enterprises. This marks a conspicuous achievement made in the reform and readjustment of state-owned textile enterprises for foreign trade in order to cater to the needs of international market and sharpening competitiveness. At present, the ratios of SOE, collective-owned enterprises and foreign-funded ones in textile and garment export are 62%, 6%, and 32% respectively.

4. The export price for cotton yarn and cotton cloth continues to decline while that for other products has seen somewhat pickup. From January to February, the export amount of pure cotton yarn and cotton cloth rise by 52.5% and 37.2% respectively, the export unit price drops 3.0% and 2.2% respectively; the amount of synthetic fiber yarn and cloth rises by 44% and 24.4%, export unit price increases by 0.6% and 14% respectively; the amount for knitting and non-knitting wears rises by 35.3% and 28.7% with the export unit price rising 23.9% and 9.4% respectively



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