The External Demand Market Recovers &Nbsp; Guangdong'S Clothing Exports Grew By 20% Year-On-Year.

Data show that from 1 to August, Guangdong exported 14 billion 550 million dollars of textiles and clothing in general trade mode, an increase of 36%, accounting for 61% of the total value of Guangdong textile and garment exports in the same period, and 7 billion 680 million US dollars in processing trade, an increase of 6.3%.

From the point of view of exports, Guangdong's exports of textiles and clothing to Hongkong amounted to 6 billion 440 million US dollars, an increase of 8.7%; exports to the European Union, the United States and ASEAN were 4 billion 850 million, 4 billion 30 million and 1 billion 740 million US dollars, respectively, by 31%, 37% and 20% respectively.

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Customs officials said that the export growth of Guangdong's clothing and textiles benefits from the apparent recovery of the external demand market.

In August 2010, the "economic confidence index" of the 27 European Union countries and the 16 euro zone countries rose to 102.7 points and 101.8 points respectively, up 0.7 percentage points and 0.6 percentage points higher than that in June. Meanwhile, the global economic recovery caused a large number of foreign suppliers to replenishment of stocks and export volume growth. Moreover, the rising price of raw materials was an important reason for the growth of export volume.

It is worth noting that, at present, the growth of the export market has not recovered completely from the financial crisis. The current export recovery to Europe and the United States is due to the replenishment of European and American enterprises, which is a short-term behavior, and there is still a lack of support for the recovery of consumer purchasing power.

At the same time, the increase in the cost of raw materials and exchange will also have an impact on the export of textile and clothing.