EU Apparel Imports Shrink

According to the European Union statistics bureau, the European Union

After a year of silence in 2015, imports began to recover as the euro fell sharply against the US dollar.

In December 2015, EU clothing imports continued to decline, but the year-on-year decline began to shrink. The total imports of clothing decreased by 1.6% compared with the same period last year, much lower than the 9-11 month 6.2-11.5%.

If imports continue to recover in the 1-2 months of 2016, the EU's clothing imports are expected to rebound in the coming months.

For the whole year of 2015,

The number of garments imported from China decreased by 12.5% compared with the same period last year, and the number of garments imported from other regions increased by 1.3% over the same period last year.

In December, the EU's imports of clothing from China fell by 0.2% in dollar terms, the first decline since July last year.

The European Union's imports of clothing from other regions decreased by 3.7% compared with the same period last year, or less than 4.2% in November.

In dollar terms, imports of EU clothing fell by 3.6% in December 2015, down from 7.4% in November.

In 2015, EU clothing imports and imports decreased by 4.6% and 8% respectively.

In euros,

The volume increased by 9.9%.

In December 2015, the EU clothing import price fell by 2.05% over the same period last year, the biggest decline since July last year (6.4%).

China and other regions have benefited from the revival of the EU's clothing import market in December.

Imports from China decreased by 10.5% over the same period last year, down from 16% in November, and imports from other regions increased by 4.5% over the same period last year, an increase of 1.3% over November.

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It is understood that after the entry into force of the agreement, compared with TPP member countries, the vast majority of China's textile and apparel products can not enjoy preferential treatment in the market of TPP member countries. The larger tariff gap will cause Chinese textile and apparel products to be at a price disadvantage in the market.

Compared with Vietnam, China and Vietnam are the top countries in the export tariff rate of textile and apparel to TPP member countries, and the tax gap between the two countries is relatively small.

In 2014, the weighted tax rates for Chinese textile and clothing exports to TPP member countries were 8.3% and 10.8% respectively, while Vietnam was 8.1% and 10.1% respectively.

After the entry into force of the agreement, if the rules of origin are met, the tariff rates on textile and clothing exported to Vietnam by TPP members, such as the US and Canada, will be reduced to zero.

This means that the same products of the two countries compete in the region, and Vietnam's textile and clothing products will be less than 10% cheaper than China's.

It is understood that the TPP member countries are the important regions of China's textile and clothing exports, and the proportion of China's textile and clothing exports is close to 40%.

Among the Member States, there are two largest export markets of China's textile and apparel, the United States and Japan, and two Vietnam and Malaysia countries that rely heavily on China's textile industry, but the export competitiveness of their garment industry is rising. The liberalization of textile and garment trade within TPP members will profoundly affect the Chinese textile industry.

From the Chinese point of view, TPP member countries are important purchasing countries in China's textile and apparel industry. The overall change of export orders in China is easily affected by changes in the order purchase of these countries. Especially in the United States, Japan and Vietnam, their orders account for 29% of the total foreign orders of China's textile and apparel industry, and the entry into force of TPP will definitely have adverse effects on China's orders.

From the point of view of TPP Member States, the proportion of China's textile and clothing imports in the US and Japan is 39.5% and 62.8% respectively, which means that in the US and Japanese markets, if China's textile and apparel cannot continue to maintain its existing market position, such a high proportion of market share is facing the risk of being replaced by other countries, especially Vietnam and Malaysia.

As for the scale of the loss of orders, as China's textile industry has a sound industrial chain and the advantages of supporting industries, it is still difficult for other countries to shake up in the short term. In addition, the size of the TPP textile industry is smaller than that of China in the short term. In the short term, China's textile industry is less affected by TPP, and the size of the order loss is also smaller.

Sai Di think tank believes that in the long run, the textile industry can be more replicable and lower industrial barriers. The international advantages of a country's textile industry will ultimately depend largely on the cost of the elements, the advantages of raw materials and the status of the international market, and China's advantages in the market of TPP member countries are continuously losing.