Yiwu Socks turnover of 12.5 billion yuan last year

The reporter was informed from the second time members of Yiwu City Hosiery Industry Association Congress held a few days ago, Yiwu Hosiery 2011 operating income of 12.5 billion yuan, 52 enterprises have annual revenues of more than 20 million, 700 million U.S. dollars of foreign trade and exports,accounted for 15.8% of the exports of the city, the first exports.

This year, the downturn of the overall economic situation, the development of the Hosiery industry impact. A sock makers surnamed Wang, said raw material and labor costs rise, profit margins shrink further. At the same time, the instability of some countries, making the payment can not be carried forward in a timely manner, had an impact on liquidity. In addition, foreign distributors on product quality requirements, more and more demanding, any defect could lead to a whole batch of returns.

Yiwu City Hosiery Industry Association, the Association is currently brewing Yiwu Socks Union standards, intended to refine the product classification, clear fiber content, color fastness, geometric and dimensional accuracy indicators Langsha Knitting Group Chairman, said Wen Rong Jin and Marking of products with international standards, so as not to encounter the foreign trade barriers. He also encouraged members of the Association to go out and learn advanced technology and management experience of the outstanding enterprises, bigger and stronger Yiwu Socks.