A few days ago, Quanzhou Customs reported that Quanzhou’s textile exports from January to April were US$1.74 billion, a year-on-year increase of 46.4%, accounting for 24% of Fujian Province’s textile export value during the same period, which was about 5 percentage points higher than the province’s textile export growth rate. Accounting for 38.4% of Quanzhou City’s total export value during the same period.
Among them, exports totaled US$480 million in April, a year-on-year increase of 64.4%. The main export markets are ASEAN, the EU, Latin America and Africa, and general trade dominates. The relevant person in charge of Quanzhou Customs analyzed that the international macroeconomic trend is gradually recovering and market demand has increased, supporting the steady growth of Quanzhou’s textile industry exports.
However, the person in charge also reminded that although textile exports have continued to grow this year, trade protection from emerging markets has a tendency to rise. For example, in order to protect national industry and employment, Argentina’s Federal Public Revenue Administration recently introduced new import tariff standards for textiles with man-made staple fiber and polyester fiber fabrics, which will increase the tax rate for textiles with a fiber content of less than 85% in 36 types of fabrics. Import tariff tax standards, etc. These should attract the attention of export enterprises in Quanzhou City.
