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Industrial Finance
Textile Export 35% Up in the First Quarter

Publish Time:2010-05-24


  According to the statistic of relevant division in Shaoxing county, gross export of textile and garment in Shaoxing county hit USD 1.37 billion dollars in this first quarter, with an increase of 35.2% compared with the same period last year, which rises to the similar figure before the international financial crisis. In details, fabric export increases 40% and garment 15.3% respectively.

  The fabric export of Shaoxing county hit USD 1.3 billion dollars, accounting for 94% in all exported textile products with an increase of 40% compared with the same period last year, 4% higher than the average of Shaoxing county. Enterprises focusing on fabric such as Baofang Printing and Dyeing, Fufang Export Trade, Hongji Textile rank in the top 10 of the top 100 self-support export enterprises in Shaoxing County. Baofang Printing and Dyeing stands first in the list with the export volume of USD 20,000,000 dollars.

  According to the insiders, the booming trend of fabric export is closely related to the building of “international textile product trading center”. For example, Keqiao street, focusing on fabric export, won the profit of USD 0.32 billion dollars in the first quarter with an increase of 49.1% and 13% higher than the average of Shaoxing county. However, the garment export delivers an ordinary performance, since the export radix of last year was quite high, the labor shortage and rising cost of raw materials caused loss of orders. In addition, more trade barriers will also increase the risk of export.

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