China’s wool textile exports were stable in the first quarter

China's wool textile exports were stable in the first quarter

The China Wool Textile Industry Association disclosed on the 22nd that with the improvement of global wool textile demand and consumption, the total export value of China’s wool textile raw materials and products from January to March 2022 was the same as the same period of the previous year, totaling 2.19 billion US dollars.

According to reports, the recovery of the global wool textile industry chain has led to the recovery of wool textile production in countries and regions that mainly produce downstream wool textile products, including the European Union, India, Japan, ASEAN, and countries and regions along the “Belt and Road”, which has made wool textile intermediate products. Good export situation. It is worth mentioning that the export of wool fabrics totaled 13.35 million meters from January to March, with a year-on-year growth rate of 88.9%.

In addition, the demand for Chinese wool textile products in emerging markets and regions has grown rapidly. Since last year, some traditional wool textile export destinations have been shrinking, while the demand for wool textile products in emerging markets and regions has continued to grow. From January to March 2022, the total exports of countries and regions along the “Belt and Road” in the first quarter accounted for 49.3%, an increase of 4 percentage points year-on-year.

China Wool Textile Industry Association said that despite the complex and severe international environment, overall, the world economy is still recovering, and there is still a large demand for China’s export of wool textile products. The industrial chain of China’s wool textile industry is complete, export enterprises have strong ability to adapt to external changes, and the growth of wool textile imports and exports is expected to continue to be positive.