The Declining Share Of China's Textile And Apparel Imports Has Led To A Sustained Negative Growth In Guangdong's Textile And Apparel Industry.

Among the top ten importing countries, China imported 16 billion 430 million US dollars, down 5.4%, and the market share dropped 2.2 percentage points to 34.7%. Tunisia and Indonesia also fell by around 5%. The other seven countries maintained a steady growth rate of 1%-13%, while Turkey and Bangladesh grew by more than 7%, and the market share continued to expand by 14% and 10% respectively.

From the commodity category, EU imports Spin Products 12 billion 230 million US dollars, an increase of 3.2%. Among the top ten importing countries, China imported 3 billion 980 million US dollars, slightly down 0.1%, and the market share dropped 1.1 percentage points to 32.6%. Imports of textiles from Turkey increased by 11%, and the share increased by 1.3 percentage points to 17%. Except for Switzerland and Japan, the rest of the country grew at 3%-12%.

EU imports clothing It dropped by 0.6% and imports amounted to US $35 billion 160 million. Imports from China amounted to 12 billion 450 million US dollars, down 7%, and the market share dropped 2.5 percentage points to 35.4% over the same period. The share of clothing imported from Bangladesh and Turkey was 13%, and the increase in imports was around 6.5%, and the gap with China was further narrowed.

In May and June, Guangdong, the second largest province in textile and clothing exports, declined in the second consecutive month, exporting 350 million US dollars and 380 million US dollars respectively, down 8.66% and 9.25%, 13 percentage points lower than the same period in the same period of the whole country.

From the perspective of enterprise composition, private enterprises accounted for 4 of the total decline, the 17.68% and 17.26% respectively. The significant reduction in the number of private export entrepreneurs is the main factor in the decline of export volume. The number of export entrepreneurs in the two months decreased by 33.02% and 30.38% respectively. From the perspective of trade, general trade declined rapidly, decreasing by 14, 47% and 14.35% respectively. From the perspective of export commodities, knitted apparel is the largest commodity in Guangdong, with a drop of 18.66% and 18.74% respectively.