Textile Exports Grow Moderately in First Three Quarters

The General Administration of the Customs released the latest information on China´s foreign trade. The released figures show that in the first three quarters of this year, China´s import and export totaled more than US$ 2.84 trillion, surging 6.2% compared with the same period of last year. In which, the export amounted to US$ 1.495 trillion, up 7.4%; import amounted to US$ 1.347 trillion, up 4.8%, with a trade surplus of US$ 148.3 billion. The export of textiles and garments rose moderately, with the export of garment amounting to US$ 116.06 billion, up 0.7%; textiles US$ 71.05 billion, up 0.2%; and foot gear US$ 34.63 billion.

According to the General Administration of the Customs, China´s import and export in September totaled US$ 345.03 billion, up 6.3%. In which, the export amounted to US$ 186.35 billion, up 9.9% year-on-year, hitting the highest record of monthly export; import amounted to US$ 158.68%, up 2.4%. The trade surplus stood at US$ 27.67 billion.

In the first three quarters, China´s export by way of general trade totaled near US$ 1.50 trillion, up 5.9% year-on-year, growing faster than processing trade by 3.7 percentage points. In which, the export amounted to US$ 729.78 billion, up 8.3% year-on-year; import amounted to US$ 769.19 billion, up 3.6%, accounting for 57.1% of China´s total import in value term. In the same period, China´s import and export by way of processing trade totaled US$ 982.94 billion, up 2.2%. In which, the export amounted to US$ 630.94 billion, up 3%; import amounted to US$ 352 billion, up 0.9%.

In January-September, the import and export of foreign-funded companies totaled near US$ 1.40 trillion, up 2.2% year-on-year, lower than the general growth rate of China´s foreign trade by 4 percentage points. The import and export of non-state-owned firms (including collective-run, private and other ownerships) totaled US$ 877.97 billion, up 18.8%, higher than the general growth rate of China´s foreign trade by 12.6 percentage points. In addition, the import and export of State-owned enterprises totaled US$ 565.03 billion, down 0.8%.