China-Asean textile trade doubles since 2005

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area in 2005.

 

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area #

In 2005-2011 period, China-Asean bilateral trade volume more than doubled, growing at an annual rate of 23.1 percent. While China’s exports to Asean nations rose at an average of 23.4 percent year-on-year, its imports from Asean countries grew at an average of 20.2 percent year-on-year.

 

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area #

In 2012, China’s textile and apparel exports to Asean nations totaled US$ 26.66 billion, accounting for 10.5 percent of China’s total textile and garment exports.

 

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area #

Last year, China’s textile and clothing exports to Asean countries registered an increase of 34.2 percent year-on-year, which was 2.5 percent more than the growth rate achieved in 2011.

 

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area #

Thus, Asean has become a major contributor to growth of China’s textiles and apparels over the years since 2005.

 

The bilateral textile and apparel trade between China and Asean countries has increased rapidly since the signing of the China-Asean Free Trade Area #