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Guangdong'S Clothing Exports This Year Reached US $3 Billion 140 Million, The Highest In The Year.

2010/7/1 9:46:00 41

Garment Export

Guangzhou Customs recently released statistics show that Guangdong's clothing exports improved significantly this year, the strong growth trend of recovery, exports in May the same month, a record high of 3 billion 140 million.


According to statistics, from 1 to May 2010, Guangdong exported nearly $13 billion in textile and clothing, an increase of 15% over the same period last year.

Among them, the general

Trade

The pattern accounts for 60%, and the increase is greater than that of processing trade.


Customs analysis pointed out that the recovery growth trend of clothing exports in Guangdong is obvious, but there are still hidden worries.

One is the rising cost of raw materials and squeezing profits.

Cotton prices continued to rise, reaching the highest level in late 4 this year. The "crazy cotton" (16870,40.00,0.24%) has made the textile and garment industry fearful.

Second, the decline of the euro exchange rate affects enterprises.

Exit


Under the gloom of Europe's debt crisis and repeated international financial markets,

RMB

The expectation of a sharp rise in the US dollar weakened; but at the same time, the upgrading of the debt crisis in Europe, apart from the economic downturn affecting the import of the European Union, also led to an indirect appreciation of the RMB against the euro.

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