CHINA: China's Textiles and Apparel Exports increased by 23.59 % in 2010.
The export value of textile and garments in China hit a record high of US$206.53 billion in 2010, surging 23.59% year on year, according to the latest statistics from China's General Customs Administration.
Egytex News Desk
Source: www.chinaknowledge.com
In 2010, the export value of textile products surged 28.44% from a year earlier to US$77.05 billion, while that of garments and accessories increased 20.88% year on year to US$129.48 billion.
In the month of December, China exported US$19.92 billion of textile and garments, increasing 4.72% month on month. The export value of textile products was US$7.37 billion, 4.22% more than that in November, while that of garments and accessories surged 5.02% month on month to US$12.54 billion.
Reportedly, the rapid growth in textile and garment exports was largely driven by gradual recovery in the international market, rising demands, the adjustment in industry structure and industrial upgrading.
The value-added output of China's textile industry is expected to exceed RMB 4 trillion last year, while the profit will be more than RMB 200 billion, according to the China Textile Industry Association.
Source: www.chinaknowledge.com
From the Egytex news archive, first published on 11 January 2011. Figures and names are as reported at the time.
