Jiangsu Nantong garment exports exceeded 2 billion U.S. dollars

Business Club January 20th With the gradual recovery of the international market, clothing exports in Jiangsu Nantong area have increased significantly. According to statistics from Nantong Entry-Exit Inspection and Quarantine Bureau, from January to December 2010, the region exported 91,800 batches of garments, 386 million pieces (sets), valued at 2.051 billion US dollars, an increase of 21.99%, 18.89%, and 21.07% year-on-year respectively.

It is understood that although Nantong’s garment exports have increased substantially, the profitability of enterprises has not risen at the same time. There are two main reasons: First, the slow recovery of the world economy, and the decline in the consumption structure of some developed countries; As we enter the ranks of middle-income countries, the cost of production factors such as the labor force has increased, and the traditional comparative advantage has gradually weakened.