Textile Industry’s Exports in August

By CnAgri2013-09-16 11:39:20 Print China’s textile industry achieved a record high monthly export value of $28.041 billion in August, up 14.87% over the month before and up 13.99% on the year-on-year basis.
 
The exports consisted of $9.388 billion textile products and $18.654 billion garments, up 3.81% and 21.74% respectively over the month before, up 16.73% and 12.66% respectively on the year-on-year basis. Adjusting for US currency value change, the year-on-year growth rates were 15.91% and 11.84% respectively.
 
The textile industry’s export increase is conducive to textile production, creating a strong demand for cotton in the international market. On the other hand, textile exports are curbed by the growing cost of production and the Chinese currency appreciation.
 
China’s textile product and garment export value accounted for 14.71% of the nation’s total export value in August, a smaller share than the month before.


From “China Cotton Bi-Weekly Market Report”