CHINA: China Textiles and Garments Export rise 38.58% in January.
China’s textile and garments export increased in the first month of this year reflecting an increase of 38.58% year on year.
Egytex News Desk
Source: www.commodityonline.com
According to country’s General Customs Administration, export value of the export reached $21.62 billion in January.
The growth was 14.9 percentage points higher than the 23.68% whole-year growth recorded in 2010.
Last month, the export value of garment and accessories products reached $13.38 billion, increasing 33.61% from a year earlier, while that of textile products hit $8.24 billion, up 47.48% compared with the same period of last year.
Reportedly, the robust growth in exports was mainly due to the inventory replenishing demands in European and the U.S. market, the increased price driven by rising cost last year, and the early delivery for February orders before the Chinese Lunar New Year.
Source: www.commodityonline.com
From the Egytex news archive, first published on 23 February 2011. Figures and names are as reported at the time.
