Domestic clothing exports decline sharply by 43.1% at $2.6bn in June
17 Aug '05
3 min read
Comparing June, 2005, with June, 2004, increases were registered in the values of re-exports of most principal commodity divisions, in particular "clothing" (by $3.9 billion or 34.0%). Concurrently, decreases were registered in the values of domestic exports of some principal commodity divisions, in particular "clothing" (by $2.6 billion or 43.1%).
For the first half of 2005 as a whole, year-on-year increases were registered in the values of re-exports of most principal commodity divisions, in particular "clothing" (by $19.4 billion or 34.0%). Concurrently, year-on-year decreases were registered in the values of domestic exports of some principal commodity divisions, in particular "clothing" (by $10.0 billion or 38.7%).
A government spokesman noted that merchandise exports continued to rise distinctly in June, after a strong growth in May. There were across-the-board increases in exports to nearly all markets, with double-digit growth recorded in exports to such major markets as the Mainland, Japan, Taiwan and some EU economies. On a seasonally adjusted basis, the value of total exports of goods also increased markedly in the second quarter compared with the first quarter.
The government spokesman further pointed out that the recent strong export performance was supported by the continued expansion of the global economy, particularly the robust growth in the United States and the Mainland. The outlook for the external environm
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