Jinhua’s clothing exports to Australia amounted to RMB 10,000, a year-on-year increase of .%

According to Jinhua Customs statistics, in January 2016, Jinhua exported 279 million yuan to Australia, a year-on-year increase of 12.5%. Among them, Jinhua City’s exports of mechanical and electrical products, clothing and high-tech products to Australia were 146 million yuan, 48.31 million yuan and 16.53 million yuan, an increase of 28.5%, 7.5% and 1.7 times respectively.

Thanks to Australia’s zero tariff on 90% of Chinese products such as textiles and clothing, Jinhua City has accelerated its export of knitwear, T-shirts, scarves and other products to Australia, with increases of 1.4 times, 1.2 times and 1.2 times respectively.

According to Jinhua Customs analysis, the dual effects of product advantages and tax rate reductions have boosted exports to Australia. On the one hand, Australia’s domestic industries are mainly services, mining, and agriculture, and have strong rigid demand for Zhejiang’s primary industrial products and cost-effective labor-intensive products; on the other hand, benefiting from the China-Australia Free Trade Agreement, More than 90% of mechanical and electrical products and more than 70% of labor-intensive products produced in Zhejiang have been reduced to zero tariffs, further demonstrating the competitive advantages of Zhejiang manufacturing. Jinhua’s clothing exports to Australia in January were 48.31 million yuan, a year-on-year increase of 7.5%

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