Decline in the textile industry in our province

So far this year, textile and clothing industry in our province part of the decline in cotton imports reflect this. According to the Ningbo Customs statistics, from 1 to October Ningbo Port imported 20,000 tons of cotton valued at 33,560,000 U.S. dollars, respectively, over the same period last year (with) declining 32.4% and 20%, the average price of 1690 U.S. dollars / ton, an increase of 18.3 percent. Private enterprises and foreign-invested enterprises are the main imports, imports were 07,300 tons and 07,200 tons, respectively, year-on-year decrease of 1.9% and 54.5%, both the total imports accounted for 72.5 percent of the total.

These products are mainly imported from India and the United States, imports dropped by 12.9% and 22%, both total imports accounted for 96% of the total. According to the analysis, led to the decline in cotton imports are the main factors: on the one hand, our ability to enhance China-made cotton self-sufficiency; on the other hand, the U.S. sub-loan crisis triggered by the global financial crisis, China’s textile and garment exports a significant reduction in the textile industry output reduction, A sharp decline in demand for imported cotton.