Statistics show that Guangdong's garment exports this year markedly improved, and the recovery growth trend is strong. In May, it exported 3.14 billion US dollars in the month, a record high for the year. From January to May 2010, Guangdong exported nearly 13 billion U.S. dollars worth of textiles and clothing, an increase of 15% over the same period last year. Among them, the general trade accounted for 60%, and the increase was greater than the processing trade.
Since March of this year, Guangdong's textile and apparel exports have recorded sequential growth for the third consecutive month. May exports have increased by 28% year-on-year, a 20% increase from the previous month. From the point of export, the major traditional export markets generally resumed growth, and exports to emerging markets were mixed. From January to May, China exported 370 million U.S. dollars worth of textiles and clothing, an increase of 8%; and exports to the EU, U.S., and ASEAN increased by more than 20%. Exports to the four markets accounted for more than 70% of the total value of Guangdong's textile and apparel exports during the same period. In addition, exports of textiles and garments to the Middle East fell by 3.6%.
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