China's textile and apparel exports reached US$206.5 billion in 2010

According to the latest statistics from the General Administration of Customs, China’s textile and clothing exports hit a record high in 2010, reaching USD 2,065,030 million, an increase of 23.59% year-on-year; of this, textile exports were US$ 77.051 billion, an increase of 28.4%, and exports of apparel and accessories were US$ 129.478 billion. The year-on-year increase was 20.88%.

In December, exports of textiles and garments totaled 19.915 billion U.S. dollars, a year-on-year increase of 4.72%, of which, textile exports were 7.372 billion U.S. dollars, a year-on-year increase of 4.22%, and exports of apparel and accessories were 12.543 billion U.S. dollars, a year-on-year increase of 5.02%.

According to preliminary estimates by the China Textile Industry Association, the output value of enterprises above designated size in the textile industry in 2010 will exceed 4 trillion yuan, and profits are expected to exceed 200 billion yuan.

Analyst Wang Qiang said that since the growth of China's textile and clothing exports has reversed the negative growth since early 2010, it has been steadily growing. If the exchange rate factor is denominated in ***, China's textile export has created the highest level of growth since the exchange rate reform.

The rapid growth of textile and apparel exports is mainly due to the gradual recovery of the international market and the increase in demand for buyers to supplement the library. At the same time, industrial restructuring and industrial upgrading are gradually advancing.

However, the industry also faced some adverse effects in 2010. According to Wang Qianjin's introduction, in 2010, the domestic labor cost increased by an average of 20%-40%, and the price of production elements such as raw and auxiliary materials increased by 30%-100%. After the second exchange reform, the cumulative appreciation of *** was nearly 3%. The cost of enterprises has increased sharply, but export prices have been difficult. Because foreign companies generally find it difficult to accept price increases of more than 20%, some European and American customers have begun to curtail purchases in China, and some low-end products are more prone to purchase from Southeast Asia.

Wang Qianjin also predicts that during the 12th Five-Year Plan period, the average annual growth rate of China's textile exports will remain at 5%-8%. By 2015, the textile and garment export value will reach 250-280 billion US dollars. Among them, value growth will become one of the important engines that will drive the growth of China's textile exports.

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