Chinese textiles’ export to India cross $ 1 bn
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PublishDate:
2005-12-13 15:08:00
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Global textile giant, China has exported textile goods worth over one billion US dollars to 17 countries and regions, including India during the first ten months this year, the Ministry of Commerce said here.
During January-October period, China exported its textile goods to 224 foreign markets, the ministry said.
In the first ten months, 17 countries witnessed their textile imports from China exceed one billion US dollars, including the United States, Japan, Russia, Germany, South Korea, Britain, Italy, UAE, Canada, Australia, France, Spain, Singapore, the Netherlands, Panama, Saudi Arabia and India.
China's textile exports to Hong Kong special administrative region also surpassed one billion US dollars.
India's import of silk, silk yarn and fabric from China during the first ten months amounted to 347.61 US dollars, up 23.52 per cent over the corresponding figure in 2004.
In the category of impregnate textile fabrics, India's imports from China during January-October shot up to 266.62 million US dollars, up 90.09 per cent.
India imported Chinese man-made filament and fabrics worth 186.95 million US dollars during the first ten months of this year, registering a growth of 42.31 per cent.
The country also ordered cotton, yarn and fabric worth 94.29 million US dollars from China during the same period, up 65.78 per cent over the previous year.
In the first ten months of this year, China's exports of textile yarn, fabrics, textile goods, knitted apparel, tatting apparel and apparel accessories grew rapidly.
Meanwhile, China exported 10.349 billion US dollars of textiles in the month of October, down 13.64 per cent from September, the ministry said.
Although China's monthly textile export volume exceeded 10 billion US dollars for the consecutive five months this year, its year-on-year growth rate has slowed down, it said.
The abolishment of the global textile quota at the beginning of this year as well as China's textile production capacity expansion led to the sustained growth of China's textile exports, but the renminbi (Chinese currency) appreciation policy and trade frictions with the United States and European Union have affected China's textile exports in the latter half of this year, the ministry said.
The European Union and the United States have respectively signed textile deals with China this year after tough talks, setting quotas on China's textile exports to the two markets for a couple of years.
China's textile exports to most of the European Union markets went up this year, with that to France and Spain jumping over 80 per cent year on year.
From January to October, China's provinces of Jiangsu, Zhejiang and Guangdong as well as shanghai saw their textile exports exceed 10 billion US dollars.
The textile export volume of these four regions accounts for about 70 per cent of China's total textile exports.