1-10 Months, Guangdong Exported 30 Billion 260 Million Dollars For Textile And Clothing.

Recently issued by Guangzhou customs

Since the beginning of this year, the textile and clothing exports in Guangdong have increased year-on-year, except for a slight decrease in March, especially since May, and maintained a two digit growth rate.

Since the month of July, the export volume has increased since August.

Data show that Hongkong's export growth is lower than other major traditional markets, and exports to emerging markets continue to grow.

In 1-10 months, Guangdong exported 8 billion 30 million dollars to Hongkong's textile and apparel products, an increase of 6.4%, and exported 6 billion 20 million, 5 billion 280 million and 2 billion 180 million dollars to the European Union, the United States and ASEAN respectively, 28.6%, 35.3% and 17.8% respectively.

The total exports of the above 4 markets account for 71.1% of the total value of Guangdong's textile and garment exports over the same period.

In the same period, Guangdong exported $2 billion 70 million, $1 billion 800 million and $1 billion 70 million to the Middle East, Latin America and Africa, respectively, by 14.1%, 60% and 14.1% respectively.

Customs analysis said that in August, there were two reasons for the shrinkage of Guangdong's textile and garment exports. First, the rise in cotton prices affected the export of the terminal market, and led to the rise in prices of other fabrics, such as chemical fiber, and textile and garment export enterprises could not be connected to the financial crisis alone.

Two, the process of RMB appreciation has led to the cautious export behavior of garment export enterprises, which can be better avoided by selling in part in the domestic market.