From January to August, apparel exports showed steady growth, with significant potential in emerging markets.
Release date:
2013/11/05
Customs data shows that from January to August, China's clothing exports reached US$112.82 billion, representing a year-on-year increase of 13.4%.
1. Exports to Europe, the U.S., and Japan grew steadily; meanwhile, exports to ASEAN and emerging markets surged rapidly.
From January to August, apparel exports to the EU reached $26.39 billion, up 6.5%; exports to the U.S. totaled $20.19 billion, growing by 7.3%; and exports to Japan amounted to $13.85 billion, showing a slight increase of 0.6%. Meanwhile, exports to ASEAN surged rapidly, climbing by 74.3% to reach $8.92 billion—among them, exports to Vietnam soared by an impressive 132%, reaching $3.08 billion. Additionally, exports to Singapore, Malaysia, and Thailand within ASEAN grew by 104.1%, 66.3%, and 68.3%, respectively. Moreover, exports to Hong Kong and Russia continued their strong growth momentum from last month, increasing by 30% and 41%, respectively. Other emerging markets—including Kazakhstan, Mexico, India, and Iraq—also experienced robust growth, with increases ranging from 50% to 110%.
II. Zhejiang and Fujian experienced steady growth, with the overall situation continuing the trend from the first half of the year.
Among the top five provinces and cities in terms of exports, Guangdong saw a slight increase of 3%; Zhejiang, Jiangsu, Fujian, and other regions performed relatively well, with export growth rates of 13%, 7%, and 28%, respectively; Shanghai, however, recorded no growth. Similar to the situation in the first half of the year, provinces and cities such as Xinjiang, Jiangxi, Guangxi, Heilongjiang, and Sichuan experienced rapid export growth, ranging from 40% to 120%.
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