China’s textile and apparel exports have grown for two consecutive years

China's textile and apparel exports have grown for two consecutive years

The China Chamber of Commerce for Import and Export of Textiles announced at the 29th China East China Import and Export Commodities Fair, which opened in Shanghai on the 1st. China’s textile and garment import and export continued to grow steadily for two consecutive years, and the international competitive advantage of upstream products was highlighted.

In 2018, China’s textile and apparel exports reached US$276.73 billion, an increase of 3.7% over the previous year. Among them, textile exports were US$119.1 billion, up 8.1% year-on-year; apparel exports were US$157.63 billion, up slightly by 0.3% year-on-year.

Cao Jiachang, president of the China Chamber of Commerce for Import and Export of Textiles, said that in 2018, the textile and apparel industry experienced a growth in export of upstream products and a slowdown in exports of downstream products. On the one hand, the transfer of Chinese garment manufacturing industry led to a slowdown in related exports; the relevant industrial chain in the surrounding low-cost garment producing countries is incomplete, and the demand for Chinese yarns and fabrics has increased.

According to customs statistics, in 2018, China’s exports of yarns and fabrics to Vietnam and Bangladesh increased by 19.3% and 21.5% respectively over the previous year; textile and apparel exports to ASEAN increased by 11.7% year-on-year, and grew in major markets. The fastest, showing that ASEAN is becoming an important ground for the transfer of China’s garment industry.

According to analysis, the driving force of China’s textile and garment industry to promote the strategic layout of globalization is mainly to find the global value chain and adapt to the changes in order demand in the international market. Relevant models mainly include overseas investment in setting up factories, finding strategic partners, opening branches to achieve product display and overseas orders, and accelerating the construction of overseas warehouses. In the global production supply chain, they gradually emerged as new attitudes of organizers and managers.

In 2018, China’s textile and apparel exports to the three major traditional markets of the European Union, the United States and Japan maintained growth, with increases of 1.5%, 8% and 2.7% respectively. Exports along the “Belt and Road” market continued to grow for three consecutive years, with an increase of 5.3% in 2018.

According to reports, in recent years, in the face of the domestic market consumption upgrade demand, the state has repeatedly lowered the tariffs on imported goods, and promoted the substantial growth of imports of apparel consumer goods. In 2018, China’s textile and apparel imports reached US$26.14 billion, a year-on-year increase of 6.4%. Among them, textile imports increased by 3%, and clothing imports increased by 14.8%.

The China Fair, which is known as the “New Spring First Exhibition” of China’s foreign trade, is China’s largest regional trade fair. More than 4,000 companies participated in the China Fair this year, including more than 3,500 domestic export companies. Clothing and textile fabrics are the two major categories of export commodities highlighted by the China International Trade Fair.

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