Foreign textile industry out of the bottom
Customs Department has released the first quarter of this year, China's foreign trade imports and exports. According to customs statistics, from January to March, China's import and export value of 617.85 billion U.S. dollars, up 44.1% over the same period last year. 316,170,000,000 U.S. dollars of exports, up 28.7%; imports 301,680,000,000 U.S. dollars, up 64.6%; trade surplus for the 14,490,000,000 U.S. dollars, 76.7% reduction.
According to the Customs Department in March 2010 provided by the national key export commodities for money were collected and analyzed and found that the amount of year on year increase in exports were the largest industry machinery, textiles, garments, home appliances, steel and other four sectors.
Export data: the first quarter of 2010, China's total textile and apparel exports 39.246 billion U.S. dollars, up 15.20%. Among them, total textile exports 15.207 billion U.S. dollars, total apparel exports 24.039 billion U.S. dollars, the growth rate was 26.54% and 9.03%, continuing an upward trend in export value, and more than 2008 years ago. Textile, apparel exports in March year on year growth rate was 6.68% and -19.86%, while in March the previous month, exports growth rate of aggregate growth in February compared to a larger degree of decline.
Industry Status: The second half of 2008, by the financial crisis since the 9 months, textile, garment export growth to a "crossover" phenomenon, that is, textile export growth decline was started from October 2008 more than clothing decline in export growth. From the September 2009 start, textile export growth rate began to decline less than the decline in apparel export growth, which indicates that foreign textile industry gradually began to slowly turning the corner.
After the financial crisis, due to the rapid decline in the demand for high-end apparel, textiles have caused decline in growth rate declined greater than the extent clothing. At present, the textile apparel exports grew faster than the growth rate, this situation has been going on for 6 months, and entered the 2010 textile exports reached 15.207 billion U.S. dollars, more than 2008 levels over the same period in 2008 compared to 14.614 billion U.S. dollars, net of price and other factors, textile exports have recovered to 2008 levels. This shows that with the international demand, especially in Europe and the United States began to turn for the better, the global textile industry operating rates further pick-up boom of the global textile industry continued upward trend.
Market participants believe that, with the second half of 2009 to the raw material prices, business inventories of raw materials essential depleted, higher raw material costs will encourage manufacturers to further price hikes, transfer of raw material cost pressures. Future orders for the domestic textile and garment export prices will further increase. In the case of volume and price go up, the domestic textile and garment export value will continue to grow the state would not rule out economic recovery if Europe and the United States exceeded expectations throughout the year textile and garment export growth is likely more than 10% of market expectations.
I am Cheap On Sales writer, reports some information about cotton embroidery thread , mulberry messenger.
Processing your request, Please wait....
