On the 19 day, reporters learned from the Nanchang Municipal Foreign Trade and Economic Commission that the export of textile and clothing reached US $375 million in the 1-7 months of this year, an increase of 14.7% over the same period last year. Textile exports amounted to US $75 million 50 thousand, an increase of 5.8% over the same period last year. The export of garments and accessories reached US $300 million, an increase of 17.2% over the same period last year.

Textile enterprises have always been one of the leading industries for foreign exchange earnings in Nanchang. This year, the US subprime mortgage crisis, RMB appreciation, raw material prices and labor costs rose rapidly, showing strong potential for development.

The main reason is that the small and medium sized textile enterprises in our country are more and more powerful.

The textile industry is a labor-intensive industry. Small businesses can adjust production plans at any time to limit production and to achieve seasonal production.

The larger scale of production of large enterprises, the production plan is difficult to grasp flexibly, if stop production, lose more, therefore, our city textile enterprises generally better than the coastal business.

In addition, from the perspective of trade, general trade is the main form of textile and clothing exports in our city, with an export volume of US $357 million, accounting for more than 95.2% of the total export value, an increase of 16% over the same period last year. Processing trade accounted for only a small part of the total, only 18 million 110 thousand US dollars, down 6% from the same period last year.