EU Becomes The Largest Market Of Textile And Garment Export In Jiangsu Province

In the first two months of this year, the province's textile and apparel exports continued to slow down steadily since last year, with a total export of US $4 billion 200 million, an increase of 11.5% over the same period last year, which is 1.8 percentage points higher than the national average.

Under the stimulus of the policy of limiting export volume and favorable policies, exports to the European Union increased rapidly, with an increase of 23.7%. It first surpassed the US and Japan and became the largest market of textile and garment exports in the province.

The growth rate of US exports slowed sharply, an increase of 8% over the same period last year, and the market share fell to the third place in 2007.

Since last year, exports to Japan have been in the doldrums, the annual growth rate has only increased by 2.1%, the increase in the first two months of this year is 4%, and continues to rank second.

In the month of February, the province exported 1 billion 740 million US dollars of textile and clothing, down 6% compared to the same period last year.

In addition to exports to the EU growth of 9.9%, other major markets are negative growth.

Exports to Japan dropped by 50 million US dollars over the same period last year, down 12.7% from the same period last year, and exports to the US and ASEAN decreased by US $about 10000000, down 1.6% and 6.6% respectively from the same period last year.

Exports of clothing products to Japan and the United States this year have been the main reason for the decline in exports this month.