China'S Largest Garment Producer And Exporter In The World (2020)

China intelligence network: Since China joined the WTO, textile and apparel has become an important part of China's export commodities. Over the past decade, with the gradual abolition of the export quota system, China's clothing, textile and garment exports have a more relaxed external environment. Favorable external environment factors provide the most basic conditions for the internationalization of China's garment industry. On this basis, the international competitiveness of China's textile and clothing has been further improved by virtue of China's advantages in labor cost and raw material supply. Since China's entry into WTO in 2001, the export volume of China's textile and clothing products has increased by more than four times. At present, China has become the largest producer and exporter of clothing in the world.

According to customs data, In 2019, the total export volume of textiles and clothing in China was 271 billion 836 million US dollars, down 1.89% compared with the same period last year. The total export volume of textiles was 120 billion 269 million US dollars, an increase of 0.91% compared with the same period last year. The total export volume of clothing was 151 billion 367 million US dollars, down 4% from the same period last year. Europe, the United States and Japan are the major textile and garment exporting countries and regions in China.

Source: Wan Dai clothing Limited by Share Ltd prospectus

From the perspective of export commodity structure, clothing exports totaled 151 billion 367 million US dollars in 2019, including knitted apparel exports of US $60 billion 600 million, down 3.37% compared with the same period last year, and exports of woven garments were US $64 billion 47 million, down 6.69% from the same period last year.

Data sources: Wan Dai clothing Limited by Share Ltd prospectus, China Business Research Institute collation

For more information, please refer to the "2020-2025 year Research Report on the market prospect and investment opportunities of China's garment industry" issued by the China Industrial and Commercial Research Institute. At the same time, the China Industrial and commercial research institute also provides solutions such as industrial big data, industrial planning and planning, Industrial Park planning and industrial investment promotion.