Guangzhou Customs statistics released on August 17 data, 1 July Guangdong textile and garment exports $ 24.48 billion, up 21.6% over last year, but monthly growth rate slowed in April, July, textile and garment exports increase more than March, down 28.5 percentage points. Statistics show that 1 July, Hong Kong, Guangdong textile and garment exports to $ 5.8 billion, up 2.9%, exports to the EU $ 5.23 billion, an increase of 30.2%, exports to the U.S. $ 3.85 billion, an increase of 15.9%, exports to ASEAN, $ 2.06 billion, 32.4%, who together accounted for more than 4 Guangdong textile and garment export value of 69.2%.
Guangzhou Customs statistics released on August 17 data, 1 July Guangdong textile and garment exports $ 24.48 billion, up 21.6% over last year, but monthly growth rate slowed in April, July, textile and garment exports increase more than March, down 28.5 percentage points.

   Statistics show that 1 July, Hong Kong, Guangdong textile and garment exports to $ 5.8 billion, up 2.9%, exports to the EU $ 5.23 billion, an increase of 30.2%, exports to the U.S. $ 3.85 billion, an increase of 15.9%, exports to ASEAN, $ 2.06 billion, 32.4%, who together accounted for more than 4 Guangdong textile and garment export value of 69.2%. Meanwhile, Guangdong's exports of Latin America and Africa, respectively, 17.2 and 9.3 billion U.S. dollars, an increase of respectively 66.9% and 33.9%.

   According to the analysis, the recent growth momentum, Guangdong textile and garment exports is mainly due to a slowdown in monthly domestic cotton prices continue downward oscillation. With raw material prices decline, the amount of industry export growth slowed.

   In addition, the state has reduced tariffs on 33 kinds of imported goods, unbleached fiber blend of heavy, light, twill, plain weave of cotton goods import tariff from 12% to 6% reduction from 50%, imports of some commodities provisional rate adjustment since July 1 implementation date. With the state-controlled prices, the gradual implementation of policies and measures, cotton products raw materials prices have peaked ahead of other commodities fell, and now reduced import tariffs on cotton, further depressing cotton prices in China rising impulses.