In 2018, China'S Textile And Garment Exports Increased By 3.7% Over The Same Period Last Year, But The International Market Share Declined Slightly.

At the twenty-ninth China East import and export trade forum, Cao Jiachang, President of the China Textiles Import and Export Chamber of Commerce, introduced the development of China's textile and garment foreign trade industry.

According to the introduction, in 2018, under the complicated international environment, China's foreign trade operation was stable and steady.

In 2018, China's textile and apparel exports increased by US $276 billion 730 million, an increase of 3.7% over the previous year, and imports of US $26 billion 140 million, an increase of 6.4% over the same period last year.

The characteristics of specific trade are as follows:

The competitive advantage of upstream products exports gradually emerged.

In 2018, China's textile exports amounted to $119 billion 100 million, an increase of 8.1% over the same period last year, and clothing exports were 157 billion 630 million US dollars, up 0.3% from the same period last year.

The export growth of upstream products and the slowdown of downstream products exports are all the result of the shift of China's garment manufacturing industry, and the demand for Chinese yarn and fabrics due to the incomplete industrial chain in the peripheral low-cost garment producing countries.

In 2018, I exported 19.3% and 21.5% of yarn and fabric exports to Vietnam and Bangladesh respectively.

The "one belt and one way" initiative and the free trade area have achieved remarkable results.

In 2018, China's textile and apparel exports to the three traditional markets of the European Union, the United States and Japan maintained an increase of 1.5%, 8% and 2.7% respectively.

In addition, the exports of the countries along the "one belt and one way" maintained growth for three consecutive years, an increase of 5.3% in 2018, an increase of 11.7% in ASEAN exports and the fastest growth in major markets.

The vitality of private enterprises has gradually increased.

In 2018, the export of state-owned enterprises decreased by 0.2%, and the export of foreign-funded enterprises increased by 1.2%. Private enterprises were active, and export grew by 5.1%, accounting for 68.3% of the total export volume, effectively stimulating the export growth of the whole year.

Tariff reduction promoted a substantial increase in clothing imports.

In recent years, the state has repeatedly lowered tariffs on imported goods to promote the growth of imports of clothing consumer goods.

In 2018, China's textile imports increased by 3% and clothing imports increased by 14.8%, and the overall import of textile and clothing maintained a rapid growth.

China's share of the international market has declined slightly.

Although China's textile and garment exports continued to grow, the growth rate slowed down, making China's share of the international market slightly down.

In the first 11 months of last year, my textile and garment products accounted for 36% of the US import market, 0.4 percentage points lower than the same period in 2017, while Vietnam's share was 10.6%, up 0.2 percentage points from the same period last year. Last year, I accounted for 33% of the EU's import market share, a 1 percentage point decrease compared with that of last year, while Bangladesh's share was 14.3%, up 0.6 percentage points year-on-year.

But Cao Jiachang said that although the share fell slightly, there are also factors that Chinese enterprises go abroad to run factories abroad.

He believes that in the face of achievements, the textile and foreign trade industry should also fully recognize that the development of the industry is still facing many difficulties.

In particular, the current Sino US trade friction will have a far-reaching impact on the future development of the industry.

Although exports to the US continued to grow rapidly last year, the uncertainty brought about by Sino US economic and trade frictions has forced American buyers to make significant adjustments to the procurement strategy and supply chain layout.

At present, although there are no major export products such as clothing and home textiles in the dispute products, but in order to avoid risks, American customers have explicitly requested suppliers to take precautions and gradually pfer production and pfer, especially those with long and slow requirements for delivery speed.

In the face of the new changes in the trend of international procurement, the industry should accelerate pformation and upgrading within the industry, deepen reform and development and actively respond to industrial development cluster, resource allocation globalization, integration of domestic and foreign trade development, and intelligent manufacturing.