RMB Rising Textile Products Export Prices Rise

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According to statistics of Customs General Administration, China's textile and apparel exports totaled US $137 billion 719 million in 1~7 months in 2011, an increase of 25.60% over the same period last year.

Among them, the export of textiles was US $54 billion 603 million, an increase of 27.49% over the same period, and exports of clothing and accessories reached US $83 billion 116 million, up 24.39% over the same period last year.

The main reason for the large increase in exports is the substantial increase in the price of export products.

As a result, the RMB exchange rate in the first half of the year has little effect on the export of textile and clothing, mainly due to the rising price of raw materials of textile and clothing to a certain extent.

With the decline of raw material prices in the two quarter, the contract price of export products will also gradually decline, which will affect the growth rate of export volume in the future.

Export volume of textiles in July due to industrial chain factors

Although the volume of clothing exports increased by 24.37%, an increase of 6.92 percentage points over the same period last year, this is due to the lag in the price of clothing exports and the slowdown in the growth rate of clothing exports in the coming months.