The total value of Chinese import and export in the first eight months of this year touched around US $1370 billion, up 24 percent compared to the same period last year. Of this, the import value reached nearly $766 billion, and exports earned about $604 billion. The trade surplus during this period was $162 billion.
Textiles and clothing export value earned close to $112 billion, a rise of 19.46 percent. Among them, textiles pulled in approximately $38.619 billion, a boost of 14.37 percent, clothing fetched roughly $73.113 billion, climbing 22.33 percent. The trade surplus of the textiles and clothing sector was $99.255 billion.
The country's export markets were mainly the US, Japan and Hong Kong. The export value to US, Japan and Hong Kong was $17.392 billion, up 27.11 percent, $12.599 billion, mount of 4.11 percent, and $12.248 billion, hiking 4.07 percent, respectively.
The import value for textiles and apparel was $12.478 billion, showing a growth of 4.43 percent. China imported mainly from Japan, Taiwan and Korea. The import value touched around $2.165 billion, a plunge of 0.78 percent, nearly $2.11 billion, fall of 2.21 percent and round about $1.71 billion, down 1.38 percent, respectively.
Fibre2fashion News Desk - China
marketing@alchempro.com
