Chinas February textile exports to the U.S. increases 25.60 percent on year-Texglobe

China's textile exports to the U.S. totaled US $2.825 billion in February 2010, according to U.S. Customs data, an increase of 25.60 percent compared with February 2009.

China's Spring Festival holiday was from February 13 to February 19, based on historical experience, export value in the month of the Spring Festival always significant declines. But the year-on-year comparison in February this year reached 25.60 percent, exceeding expectations and indicating a very strong warming trend of the textile industry in foreign trade.

From the structure of China’s export products to the United States, in February 2010, U.S imports of yarn and fiber from China accounted for 12 percent of all products, chemical fiber textile formed 53 percent, cotton textiles accounted for 33 percent. Export value of cotton and chemical fiber products accounted for 86 percent of China's exports to the United States.

It is noteworthy that the growth of U.S. imports of yarns and fibers was abnormal, as it was as high as 65.27 percent, which may mean that the U.S. textile industry is recovering and is moving towards a rebalancing process between real economy and virtual economy.

From the point of view on specific types, cotton textile exports reached US $0.93255 billion in February, growth rate of wool textile exports reached 30 percent, but the proportion was lower, only exports of silk textiles decreased by 23.91 percent.

Table: U.S. imports of Chinese textile products in February 2010

Unit: million dollar　%

	February 2009	February 2010	Year ±%
Yarn and Fiber	201.39	332.84	65.27
Cotton Textiles	721.95	932.55	29.17
Wool Textile	6.64	8.67	30.59
Synthetic Textiles	1250.44	1498.63	19.85
Silk textiles	68.77	52.32	-23.91