China's textile exports to US and EU rally (Xinhua) Updated: 2006-05-13 09:25
China's textile exports to the United States and the European Union in March
reached 1.32 billion US dollars and 1.44 billion US dollars, up 20 percent and
33.2 percent from the same period last year, according to the General
Administration of Customs (GAC).
Figures were pushed up by an increase
in the amount of textiles exported which did not come under the quota
restrictions imposed by the U.S. and the EU. Predictably exports of textile
goods that were affected by the restrictions fell by a large margin.
China's exports of textile and clothes in March came to 10.54 billion US
dollars, a 33.9 percent increase.
In February, the country's textile
exports to the US and the EU fell 13.3 percent and 9.2 percent respectively,
from the previous year.
The country's import and export of textiles and
clothes in March accounted for 12.1 billion US dollars, up 29.4 percent over the
same month last year and with a surplus of 8.97 billion US dollars, up 40.4
percent.
Export of textile goods to Korea, Russia and Canada continued
to rise to become the main driving force of the country's exports.
Hong
Kong in March surpassed the US to be the Chinese mainland's third largest export
destination with the EU first and Japan second. (For more biz stories, please visit Industry Updates) |