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皇冠体育app's textile export declines in July as demand shrinks

(Xinhua)
Updated: 2009-08-12 16:02

皇冠体育app's textile and garment export dropped 12.35 percent to $16.38 billion  in July from the same period last year, according to the latest statistics on the official website of the General Administration of Customs.

The figure in July, however, was 21 percent up from $13.48 billion in June.

The textile and garment export declined 11.15 percent to $89.17 billion in the first seven months from the same period last year due to sluggish demand in 皇冠体育app's major export destinations -- the United States, the European Union and Japan.

Special Coverage: 皇冠体育app Biz & Economic Statistics Related readings:  July textile, garment exports down 12.3%  Tax rebate hike for textile, garment exports effective from Feb 1  皇冠体育app raises garment, textile export tax rebate rate  皇冠体育app announces textile stimulus plan

The decline in textile and garment export in July showed the enterprises were still struggling at the profits bottom, said Ma Xinzheng, vice editor-in-chief of Wetextiles.com, a leading textile website in 皇冠体育app.

Growing domestic orders would support the recovery of 皇冠体育app's textile sector despite slack overseas market demand, said Ma, adding that the prospect of 皇冠体育app's textile sector was upbeat.