China's Textile Market Expands In Argentina

　　 Argentina Industrial economy According to a report recently released by the Institute, Argentina imports in the first three quarters of this year. textile 1 billion 46 million US dollars, of which 30.3% are imported from China. China has become the largest source of textile imports in Argentina.

The report pointed out that with the global economic and trade recovery, Argentina's textile imports increased by 20.1% in the first 9 months of this year compared with the same period last year. Statistics show that from January to September this year, Argentina's imports of textiles from China increased slightly, and the share of Chinese products imported into Argentina increased from 29.6% in the first three quarters of last year to 30.3% in the same period this year.

Statistics also show that the proportion of Brazil products imported into Argentina in the first 9 months of this year is 28.4%. Brazil has become the second largest source of textile imports in Argentina. Products from India, Indonesia and the United States accounted for third to fifth.

According to the report analysis, the proportion of fabrics and garments imported in Argentina is 41.6% and 28.3% respectively, and the share of yarn products and fiber products is 16.2% and 7.4% respectively.

The report stressed that Argentina was affected by last year's experience. financial crisis The impact of imports fell sharply and the base was relatively low, so the textile imports in Argentina increased substantially in the first three quarters of this year. Compared with the import volume of US $1 billion 245 million in the first three quarters of 2008, Argentina's textile imports have not recovered to the level before the financial crisis.

　　 According to statistics, textile exports in Argentina in the first 9 months of this year amounted to US $461 million, up 42.2% from the same period last year, of which China is the third largest destination for Argentina's textile exports, and the textile exports to China account for 8.1% of total exports.