Malaysia Imported Textile Garments And Footwear Last Year To Achieve Growth

According to the statistics released by the Ministry of international trade and industry of Malaysia, the total trade volume of Malaysia in 2015 amounted to 1 trillion 465 billion 600 million MA (about 352 billion 223 million US dollars), up 1.19% compared with 2014; the export volume was 779 billion 947 million Ma Yuan, grew 1.9%; imports 685 billion 660 million mus, grew 0.4%; and the trade surplus 94 billion 295 million 94 billion 295 million, grew 14.3%.

The main products imported in 2015 were electronic and motor products (201 billion 330 million MA), chemical and chemical products (65 billion Ma), refined petroleum products (63 billion 470 million MA), machinery, equipment and parts (59 billion 360 million MA), metal products (44 billion 92 million MA), pportation facilities (36 billion 374 million MA), steel products (21 billion 755 million MA), optical and scientific instruments (21 billion 650 million coins), processed foods (17 billion 780 million coins) and textiles,

and

(15 billion 979 million MA).

Malaysia economists said that exports grew by 1.9% in 2015. Products, metal products, machinery, equipment and spare parts, rubber products, optical and scientific instruments, electronic and motor products and chemical and chemical products and exports grew by 31.94%, 20.47%, 12.1%, 10.35%, 8.5% and 7.18% respectively. Exports of other major products, including liquefied natural gas, refined petroleum products, crude oil and palm oil, fell by 26.16%, 22.46%, 20.32% and 5.5% respectively.

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According to the data released by the US government, the import value of the footwear industry in the United States reached US $2 billion 900 million in 2015, far higher than US $200 million in 2014.

The annual import volume and import volume reached the latest record, up 5.8% and 5.7% respectively over the same period, and the growth rate is much faster than the past 4 or 5 years.

China is still the largest supplier of footwear to consumers in the United States, but the market share slipped to 66% again, falling to its lowest level in 15 years. In 2014, China's market share was nearly 80%.

The import of American sports shoes increased by 11.6%, the import of children's shoes increased by 8.6%, and the import of boots increased by 2.1%.

Vietnam's market share expanded to a maximum of 4 billion 300 million US dollars, up 21.9% over the same period last year.

According to the analysis of us footwear import data in 2015, the TPP (p Pacific Partnership Agreement) played an important role in the steady development of the footwear industry in the United States. In the first year of the implementation of TPP, the tariff was reduced by only US $500 million. The data also showed that the number of sports shoes and leather shoes imported from Vietnam also increased in the first year of the implementation of FDRA in 2015. (Matt Priest)

Matt said this is a very encouraging thing, because more and more companies will start manufacturing, which means that TPP brings real tax benefits to the footwear industry, and the cost of shoes will reduce the cost of more middle-class families.