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Chinese textile exports to US dive 21 pc in March

Sudhanshu Ranade

Chennai , May 13

CHINESE exports of textiles and apparels to the US in March were almost half a billion dollars lower in absolute terms as compared with February.

In percentage terms there was a fall of 21.2 per cent.

Nevertheless, Chinese exports in March, at $1.6 billion, were more than three times exports from India to the US, which touched $0.5 billion, up 12.7 per cent from February 2005.

So far as cumulative figures for the January-March 2005 period are concerned, China notched up a total of $5.6 billion, more than four times the $1.3-billion figure for India, despite the slump of Chinese exports in March, the latest month for which data are now available.

In percentage terms, the year-to-date figure for China was 54 per cent more than the corresponding figure for 2004, while Indian exports rose 26.9 per cent.

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