In 2018, China's Textile And Apparel Exports Increased 3.7 Percent Year-on-year, Good News For Towel

- Mar 02, 2019-

At the east China import and export trade BBS held by the 29th China international trade fair, cao jiachang, President of China textile import and export chamber of commerce, introduced the development of China's textile and garment foreign trade industry.

In 2018, under the complex international environment, China's foreign trade is on the whole running smoothly and steadily.In 2018, China's textile and garment exports reached us $276.73 billion, up 3.7 percent year-on-year, while imports reached us $26.14 billion, up 6.4 percent year-on-year.The specific trade features mainly include the following aspects:

The upstream product export competitive advantage gradually appears.In 2018, China's textile exports totaled us $119.1 billion, up 8.1 percent year-on-year.Clothing exports totaled us $157.63 billion, up 0.3 percent year-on-year.The export growth of upstream products and the export slowdown of downstream products are both the result of the shift of China's garment manufacturing industry, while the demand of surrounding low-cost garment producers for China's yarns and fabrics increases due to the incomplete industrial chain.In 2018, my yarn and fabric exports to Vietnam and Bangladesh surged 19.3 percent and 21.5 percent, respectively.

The "One Belt And One Road" initiative and the building of the free trade zone have achieved remarkable results.In 2018, China's textile and garment exports to the eu, the us and Japan, three traditional markets, all maintained growth, with growth rates of 1.5%, 8% and 2.7% respectively.In addition, the export to countries along the "One Belt And One Road" has maintained growth for three consecutive years, with the growth rate of 5.3% in 2018. The export to asean has increased by 11.7%, which is the fastest growth among all major markets.

The vitality of private enterprises has gradually increased.In 2018, the export of state-owned enterprises edged down by 0.2%, while the export of foreign-funded enterprises increased by 1.2%. Private enterprises were active, with the export growth of 5.1%, accounting for 68.3% of the total export, effectively driving the annual export growth.

Lower tariffs have contributed to a surge in clothing imports.In recent years, the state has repeatedly lowered tariffs on imported goods, which has contributed to the substantial growth of imports of clothing and consumer goods.In 2018, China's textile imports will grow by 3% and garment imports by 14.8%, driving the overall textile and garment imports to maintain a rapid growth.

China's share of the international market declined slightly.Although China's textile and clothing export has maintained growth, but the growth rate has slowed down, so that China's share of the international market declined slightly.In the first 11 months of last year, China's textile and apparel products accounted for 36% of the us import market share, down 0.4 percentage points from the same period of 2017, while Vietnam's share was 10.6%, up 0.2 percentage points year-on-year.For the whole of last year, China's share of the eu import market was 33%, down 1 percentage point year-on-year, while that of Bangladesh was 14.3%, up 0.6 percentage point year-on-year.For the whole of last year, my import market share in Japan was 58%, down 3 percentage points year-on-year, while Vietnam's was 12.6%, up 1.4 percentage points year-on-year.

However, cao jiachang said that although the share of a small decline, but there are Chinese companies go abroad, in foreign factories.

He believes that in the face of achievements at the same time, the textile trade industry should be fully aware of the current industry development is still facing many difficulties.In particular, the current sino-us trade frictions will have a far-reaching impact on the future development of the industry.Although China's exports to the us continued to grow rapidly last year, uncertainties caused by economic and trade frictions between China and the us have forced us purchasers to make substantial adjustments to their procurement strategies and supply chain layout.Although the main export products such as clothing and home textile are not included in the dispute products at present, in order to avoid risks, American customers have explicitly asked suppliers to take precautions and gradually shift production, especially for long orders and forward orders with low delivery speed.In the face of the new changes in the international purchasing trend, the industry should accelerate the transformation and upgrading, deepen the reform and development in industrial development cluster, resource allocation globalization, integration of domestic and foreign trade development and intelligent manufacturing, and actively respond.