CHINA: Despite rows textile and apparel export increased 20.69 pct in 2005

BEIJING: Predictably, China's textile sector achieved significant growth in sales, profits and exports last year despite all the trade rows, safeguards and the appreciation of the Yuan.

China total import & export value of foreign trade in 2005 reached 1422.12 billion dollars, increasing 23.20% compared with the same period of last year. Among them, export was 762 billion dollars, increasing 28.40%; while import was 660.12 billion dollars, increasing 17.60%. Trade surplus was 101.88 billion dollars.

According to data provided by China’s custom department, through Jan.-Dec.2005, China gross import & export value of textile and apparel reached 134.634 billion dollars, increasing 17.90% compared with the same period of last year and taking up 9.47% of China gross import & export value of foreign trade. China’s total import & export value of foreign trade in 2005 reached 1422.12 billion dollars

Gross export value of textile and apparel in China was up to 117.535 billion dollars, increasing 20.69% compared with the same period of last year, and taking up 15.42% of gross export value of foreign trade in China.

Among them, textile export was 43.969 billion dollars, increasing 22.93% compared with the same period of last year; and apparel export was 73.566 billion dollars, increasing 19.40% compared with the same period of last year.

Gross import value of textile and apparel reached 17.099 billion dollars, increasing 1.76% compared with the same period of last year, and taking up 2.59% of gross import value of foreign trade in China.

Among them, textile import was 15.490 billion dollars, increasing 1.42% compared with the same period of last year; while apparel import was 16.09 billion dollars, increasing 5.08% compared with the same period of last year.

Through Jan.-Dec.2005, favorable balance of textile and apparel trade reached 100.436 billion dollars.

Among main export countries and areas of textile and apparel, U.S. became top one, Japan and Hong Kong was the top two & top three.

Through Jan.-Dec.2005, China export to USA reached 19.576 billion dollars, increasing 66.09% compared with the same period of last year; export to Japan was 18.10 billion dollars, increasing 5.54% compared with the same period of last year; export to Hong Kong was up to 14.843 billion dollars, down 14.59% compared with the same period of last year.

Total value of export to the three regions reached 52.522 billion dollars, taking up 44.69% of total export of textile and apparel.

Export to EU in 2005 reached 188.63 billion dollars, increasing 55.30% compared with the same period of last year. Export to USA & EU reached 38.439 billion dollars, increasing 60.02% compared with the same period of last year.

Among main import countries and areas, Japan, Taiwan area and South Korea became top three. Through Jan.-Dec.2005, import textile and apparel from Japan, Taiwan, and South Korea was 3.362 billion dollars, 3.212 billion dollars, and 2.631 billion dollars, falling 4.12%, 2.61%, and increasing 1.18% separately.

Among main export provinces or cities, Zhejiang, Guangdong, Jaiangsu, Shanghai and Shandong became top five. These five provinces or cities exported 76% of the total textiles & apparels exports in 2005.

See: Major textile & apparel exporter provinces or cities in 2005


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Added: February 18, 2006 Source: Agencies
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