Home Facts trade

China:Unit prices keep socks industry afloat

China:Unit prices keep socks industry afloat

Write: Wihtred [2011-05-20]

United States International Trade Commission has put a check on imports of socks from China, which has led the local Datang enterprises to avoid venturing in the field.
The American check forces most of socks manufacturers to simply increase product quality and grade.
However, with the rising unit prices of socks, total export sales are increasing while volume is decreasing.
On the other hand, some manufacturers, by producing unlimited socks, keep a good volume of export to America.
In the first season, export sales to America were more than US $2 million, showing an increase of 36.37 percent.