According to Hangzhou Customs, the accumulated import and export were 37.26 billion USD in the first quarter of 2009 in Zhejiang Province, down 19.3% to same period last year. While compared to that in Feb. the plump of imp. & exp. In March seemed to slow down. Benefited from the export tax rabate, the textile industry also saw evidence of recovery. The export of garment and accessories were 4.21 billion USD in first quarter in this province, down 3.6%; textile export 3.74 billion USD, down 16.7%. Although it is still declining, the situation is better than that of electronic products.
Qian Ping, the director of Analysis Dept. of Hangzhou Customs said, “there is some evidence of recovery for textile and garment product, but for the whole year, particularly the first half year, the foreign trade situation is still not positive.”
