Dec 27 - China’s Textile Export Slowed Down in Nov.

Source: International Business Daily, ChinaScope Financial (Data)

+   Due to weak external demand and increasing costs, export of Chinese textile and garment products in November slowed down to 7.2% year-on-year, 29 percentage points lower than the same month in previous year. This is also lower than the growth rate of 13.8% in overall export for the month.

+   In November, the export of textile and garments totaled USD 20.39 billion,  with USD 8.03 billion of textile and USD 12.36 billion of garment exports.  

+   China’s textile industry mainly exports yarn and fabric to Southeast Asia, while finished products, such as clothing, are exported to European markets.

+   The downturn in the industry is expected to become worse next year, where there might be very small or even negative growth in export value.

+   Related Data: Garment Export Value, Major Destination of Garment Export

For more data on garment export, please visit www.chinascopefinancial.com

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