Exports of labour intensive products from Shanghai dip
17 Nov '09
1 min read
Exports from Shanghai port fetched US $30.28 billion in October, down 11.4 percent compared with the same period last year, though the year-on-year decline has narrowed for two consecutive months in a row.
Imports and exports from Shanghai port registered $46.24 billion in October, down 7.7 percent from the previous month, and 10.3 percent year on year. Among them, imports scored US $15.97 billion, down 8.2 percent year on year.
In the first 10 months, Shanghai port exported US $70.65 billion of traditional labor-intensive products in nine categories, down 11 percent year on year.
Nine categories of traditional labor-intensive products which were hit the highest and recorded a high negative growth rate include garments, accessories, textile yarn, fabrics, footwear, bags, mattresses, bedding and toys.
Fibre2fashion News Desk
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