The Export Of Clothing Exports In Shandong Increased By 27.8% In January.

In January, Shandong's exports dropped sharply.

But one of the highlights is one of Shandong's superior exports.

Products in January

Exports increased by 27.8%.

Demand fell sharply. In January, Shandong's foreign trade exports amounted to 6 billion 60 million US dollars, down 10.4% compared to the same period last year.

Compared with the 4 coastal provinces and cities such as Guangdong, Jiangsu, Zhejiang and Shanghai, the export of Shandong province is the lowest.

At the same time, what is most striking is the whole province in January.

690 million US dollars, an increase of 27.8% over the same period last year.

The growth was first affected by the appreciation of the yen. Reporters learned that the yen appreciated nearly 20% against the US dollar last year. In January this year, the exchange rate against the US dollar once reached 87.13:1, the highest level since July 1995.

The largest export market accounted for 1/4 of clothing exports in the province. Last year, Shandong exported about 2 billion dollars to Japanese clothing.

Since last November, there has been a big increase for 3 consecutive months.

Among them, exports in January amounted to 250 million US dollars, an increase of 49%.

The rise was also affected by the total abolition of the US export quota in January 1st.

The abolition of quota restrictions for textile exports should be good news for local enterprises.

The United States no longer restricted the number of garments exported to the country, and Shandong's clothing products gained a broader market.