According to statistics from Customs, textile and garment export in May hit record of 2010, which increased by over 30% comparing to the same time last year. The import of textile and garment in May was almost the same as that in April. The trade surplus in May was 14.74 billion US dollars, which accounted 75% of the total trade surplus.
In the second quarter of 2010, export of textile and garment improved. The export value in May reached 16.4 billion US dollars, which was the highest in 2010.Export value from January to May amounted 70 billion US dollars.
Export to ASEAN up
The export to EU increased 21.3% in May. Exports of textile and garment raised 50% and 13.3% respectively. Export to USA mounted 37.2% with textile export up 51% and garment export up 32.3%. Export to Japan recovered with a growth of 15.8%.
Since the implementing of zero- tariff policy between China and ASEAN, ASEAN became an increasingly important trade partner for China. ASEAN replaced Japan as the third trade partner for China in May. The yarn export to ASEAN increased 52% in May.
