Sudhanshu Ranade

Chennai, May 13

CHINESE exports of textiles and apparels to the US in March were almost half a billion dollars lower in absolute terms as compared with February.

In percentage terms there was a fall of 21.2 per cent.

Nevertheless, Chinese exports in March, at $1.6 billion, were more than three times exports from India to the US, which touched $0.5 billion, up 12.7 per cent from February 2005.

So far as cumulative figures for the January-March 2005 period are concerned, China notched up a total of $5.6 billion, more than four times the $1.3-billion figure for India, despite the slump of Chinese exports in March, the latest month for which data are now available.

In percentage terms, the year-to-date figure for China was 54 per cent more than the corresponding figure for 2004, while Indian exports rose 26.9 per cent.

(This article was published in the Business Line print edition dated May 14, 2005)
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