Jun. 21, 2012 (China Knowledge) - China’s export value of textiles and garments grew 7.4% YoY to US$21.83 billion in May this year, according to the latest statistics from China's General Administration of Customs
In the first five months of this year, the country's exports of textiles and garments climbed only 2% YoY to US$90.7 billon.
The exports of garments was US$52.57 billion from January to May, up 2.5% from the same period of last year, and the exports of textile products rose 1.5% YoY to US$38.07 billion.
China, the world's largest cotton consumer, saw its cotton import skyrocket 246.2% YoY to 502,000 metric tons in May. From January to May 2012, China imported a total of 2.58 million metric tons of cotton, reflecting a YoY increase of 113.8%.