In The First Three Quarters Of This Year, Shanghai Customs Imported 830 Million Dollars Of Clothing From The EU

In the third quarter of this year, when the total import value of the customs area of Shanghai declined over the same period of last year (the same below), clothing And clothing accessories (hereinafter referred to as "clothing"), with a double-digit increase of US $2.25 billion, up 15.2%. Among them, the import from ASEAN was US $540 million, accounting for nearly a quarter of the total import, with an increase of 49.7%. Analysts believe that the cost advantage of the ASEAN region is the main reason for the rapid growth of clothing imports.

According to the data, the EU is still the largest import market. In the first three quarters of this year, the Shanghai customs area imported US $830 million of clothing from the EU, an increase of 9.1%, accounting for 36.7% of the total clothing import value of the customs area in the same period. Among them, the import from Italy was 500 million US dollars, an increase of 7.5%, making it the largest source of clothing imports in the customs area of Shanghai.

In the same period, the growth rate of imports from ASEAN and Bangladesh was higher than the overall average, and the growth rate of imports from ASEAN was 34.5 percentage points higher than the overall growth rate of clothing imports from the customs region in the same period. Among them, the import from Vietnam was 240 million US dollars, an increase of 74.9%. In addition, imports from Bangladesh reached US $120 million, up 32.3%.

In terms of products, in the first three quarters of this year, the customs area of Shanghai imported 24.203 million cotton knitted or crocheted T-shirts, sweaters and vests, an increase of 37.5%, and the average import price was $4.4 per piece, down 5.5%.

According to the analysis of relevant customs officials, it is necessary to promote the customs area of Shanghai spin There are three reasons for the growth of clothing imports:

First, the rise in domestic costs has led to the transfer of some garment processing industries to Southeast Asian countries. In addition, since the launch of the China ASEAN Free Trade Area in 2010, China's trade tariffs with ASEAN have been significantly reduced, which also makes the imported garments from ASEAN more cost competitive.

Second, the rapid spread of multinational brand stores has led to an increase in clothing imports. With the expansion of Uniqlo, H&M, ZARA and other multinational brand stores in China, Bangladesh, India and other countries have attracted a large number of orders by virtue of their cost advantages, leading to the sustained and rapid growth of China's clothing imports.

Third, strong domestic consumption demand drives European high-end brands Clothes & Accessories Imports continued to grow. It is reported that due to the weakness of the European consumer market, major international high-end clothing brands have increased their investment in the Chinese luxury market, such as lansiwear, Prada, Ferragamo and other brands have opened new stores in China.