Zhongshan'S Clothing Exports To The EU Have Become New Favorites.

Exports to the US dropped sharply by 50% in the first five months of this year.

The EU has replaced the United States as the second largest trading partner of Zhongshan's garment exports in addition to Hongkong. In the first five months of this year, the number of garments exported to the EU by the inspection and Quarantine Bureau of the Zhongshan inspection and Quarantine Bureau was 16 million 926 thousand, with a value of 91 million 146 thousand US dollars, and the volume and value of goods increased by 40% over the same period last year.

According to statistics of Zhongshan inspection and Quarantine Bureau, 1-5 textile and garment exports in Zhongshan in 21676 months this year, worth 4.4 billion US dollars.

Among them, 8 million 90 thousand pieces of clothing exported to the United States, worth 81 million 712 thousand U.S. dollars, compared with the same period last year, the number of exports fell by nearly 50%, and the value of goods fell by more than 30%.

According to the analysis, the reasons for this phenomenon are: first, the US economic recession has declined; the two is due to many reasons such as the appreciation of the RMB against the US dollar. The export speed of Chinese textile and garment export enterprises to the US has slowed down since the beginning of this year. Three, American buyers have begun to adjust the market strategy.

According to the agreement on textile trade between China and Europe, the quota for textiles and clothing exported to the EU has been abolished in January 1st this year, and the cost paid by enterprises is relatively low.