CHINA: Textile Exports reached 206.5 billion USD in 2010.
According to China’s customs statistics, the nation’s exports of textiles and apparel in 2010 increased by 23.6% over the previous year to US$206,530 million, surpassing the previous record value of US$185.7 billion made in 2008 by 11.2%.
Egytex News Desk
Source: Asiantex
China’s exports of textiles and apparel first surpassed US$100 billion in 2005, and reached the US$200-billion level five years later.
2010 exports of textiles grew by 28.4% to US$77,050 million, and those of apparel climbed 20.9% to US$129,480 million.
Exports of textiles and apparel sharply increased because exports of textiles grew as a result of a relocation of apparel manufacturing bases to South and East Asia, and apparel demand recovered as stocks in Europe and the U.S. decreased.
Monthly exports surpassed US$20 billion during July-September 2010, and were near this level in December.
Exports were able to increase despite labor shortages, sharp increases in wages and raw material costs, and the rise of the Chinese currency from the middle of the year.
In exports to Europe and the U.S., the rise in costs was passed on to export prices, and the unit price increased, thus accelerating the enlargement of the export value
Source: Asiantex
From the Egytex news archive, first published on 17 January 2011. Figures and names are as reported at the time.
