China'S Textile And Clothing Trade Structure Is Becoming More Reasonable.

With the global economic recovery and the revival of external demand and the continuous improvement of domestic economy, China's textile and clothing exports steadily improved in 2017, the trade structure was more reasonable and the concentration of foreign trade was further improved.

According to the data provided by the China Textile Import and export chamber, China's textile and clothing trade volume was 293 billion 150 million US dollars in 2017, up 1.2% over the same period last year.

Among them, exports amounted to 268 billion 600 million US dollars, an increase of 0.8% over the same period, and imports of US $24 billion 550 million, an increase of 5.3% over the same period last year. The trade surplus was US $244 billion 50 million, an increase of 0.4% over the same period last year.

"In 2017, China's textile and apparel trade has always been" steady ".

Cao Jiachang, President of the China Textiles Import and Export Chamber of Commerce, said that in the second half of 2017, China's textile and clothing exports remained stable and small growth for many months. The fourth quarter export growth in 2017 rose to 3.7%, making the annual export growth again after two consecutive years of decline.

In 2017, the import of textiles and garments in China was driven by double engines of quantity and price, reversing the three consecutive years of decline and achieving rapid growth.

In 2017, China's textile and clothing trade structure was more reasonable.

The proportion of general trade exports reflecting the ability of independent development of foreign trade is 76.4%, which accounts for 3/4 of the total.

The share of "other trade" based on market purchasing increased to 6.9%.

General trade exports dropped by 0.4%, while other trade exports increased by 16.6%, pushing the overall exports to grow.

"In 2017, in the four major export markets of textile and clothing, China's exports to the EU only declined, and its exports amounted to US $48 billion 860 million, down 1.1%. The decline was narrower than the previous year.

The export volume of needle woven garments of large categories increased by 0.5%, while the export unit price dropped by 3.8%.

Cao Jiachang pointed out that in 2016, China's exports to the US for the first time in 20 years were dragged down by the local economic slump.

In 2017, the US economy recovered steadily, the basic indicators continued to improve, and China's exports to the US resumed growth. The total export volume was 45 billion 390 million US dollars, an increase of 1% over the same period.

As the third largest market of China's textile and garment exports, ASEAN became the main force to stimulate China's overall export growth in 2017. In 2017, China exported $34 billion 750 million to ASEAN, an increase of 4.5% over the same period last year, and ASEAN grew fastest in the four largest market, and the overall growth of exports rose 0.6 percentage points.

"Among the ten ASEAN countries, Vietnam still maintains the position of China's largest market for textile and garment trade."

Cao Jiachang said that in 2017, China's exports to Vietnam resumed growth, and the total export volume increased by 8.6% over the whole year.

It is worth mentioning that Vietnam has become the first largest source of yarn imports in China since 2016, and the proportion of China's yarn imports has risen rapidly from Vietnam to 28% in 2017.

While the developed economies are recovering, developing markets are also gradually recovering.

"In 2017, China's exports to Africa, Latin America and South Asia increased, of which, exports to South Africa increased by 6.3%, exports to Brazil increased by 33.3%, and exports to India increased by 3.7%."

Cao Jiachang said that with the further development of the "one belt and one way" initiative, China's total exports to 64 countries totaled 91 billion 470 million US dollars, an increase of 2.9% over the same period last year, and the export share rose to 34.1%.

Through the continuous industrial adjustment and pformation and upgrading in the early 12th Five-Year and 13th Five-Year, the structure of textile and clothing export commodities has gradually improved.

"Textile exports accounted for 41.1% in 2017, and clothing fell to 58.9%, the first time below 60%.

Textile exports grew by 4.2%, better than clothing and clothing by 1.4%.

The export of large categories of commodity yarn, fabric and finished goods in textile industry increased by 7.8%, 4.1% and 3.5% respectively.

The export of needle woven garments in clothing dropped by 2.3%.

Cao Jiachang pointed out that from the volume price index analysis, the textile export volume index is 108.7, clothing is 105.1, textile export price index is 95.79, clothing is 93.8.

This shows that textile and clothing exports are still subject to price declines and export growth is still mainly dependent on the rise in volume.

According to the introduction, the export of yarn and fabric increased by 5.6% and 8.4% respectively in 2017, and the export volume of needles and woven garments increased by 2.8%.

Yarn export prices increased by 2.1%, while fabric and needle woven garments decreased by 4% and 4.9% respectively.

The decline in export prices has not yet completely reversed.

"With the gradual reduction of import tariffs on consumer goods, the value of clothing imports has risen rapidly, and the proportion of clothing imports has gradually increased."

Cao Jiachang said that in 2017, China's clothing imports 7 billion 180 million US dollars, an increase of 9.4% over the same period, accounting for 29.2%.

Quantity growth is the main factor to promote clothing imports. The clothing import volume index is 115.9, and the import price index is 94.4.

Among them, the import volume of large category needles and woven garments increased by 13.4% and the import average price dropped by 4.3%.