Overview of my country’s textile exports
As of December 2018, my country’s textile and apparel exports amounted to US$23.12 billion. Among them, the export of textile yarns, fabrics and products was US$9.882 billion, and the export of clothing and clothing accessories was US$13.235 billion. In 2018, my country’s textile and apparel exports totaled US$276.73 billion, an increase of 3.52% over 2017. Among them, textile exports in 2018 were US$119.098 billion, an increase of 8.1% over the previous year; clothing exports were US$157.63 billion, an increase of 0.3% over the previous year.
In terms of imports, my country’s textile yarn, fabrics and products imported US$1.346 billion in December 2018, bringing the total annual imports to US$17.882 billion, with a cumulative annual growth of 3.0%.
In RMB terms, in December 2018, my country’s textile and apparel exports amounted to 160.38 billion yuan. Among them, the export of textile yarns, fabrics and products was 68.56 billion yuan, and the export of clothing and clothing accessories was 91.82 billion yuan. In 2018, my country’s textile and apparel exports totaled 1.82637 billion yuan, an increase of 0.8% over 2017. Among them, textile exports in 2018 were US$785.08 billion, an increase of 5.1% over the previous year; clothing exports were US$1.04129 billion, a decrease of 2.3% over the previous year.
According to trade organization data, in 2016, the total value of textile exports was US$288.976 billion.
Among them, China’s textile export value was US$104.663 billion, accounting for 36.22%, ranking first, but its share dropped by 1.24 percentage points from the previous year.
India’s textile export value was US$16.210 billion, accounting for 5.61%, ranking second, and its share decreased by 0.34 percentage points from the previous year.
German textile exports amounted to US$13.376 billion, accounting for 4.63%, ranking third, and its share increased by 0.08 percentage points compared with the previous year.
The value of U.S. textile exports was US$12.904 billion, accounting for 4.47%, ranking fourth, and its share decreased by 0.27 percentage points from the previous year.
Italy’s textile export value was US$11.707 billion, accounting for 4.05%, ranking fifth, and its share increased by 0.01 percentage point compared with the previous year.
The top five textile export value companies accounted for 54.97% of the total textile export value.
Analysis shows that in terms of exports, mechanical and electrical products and traditional labor-intensive products are still the main exporters. In the first eight months, in RMB terms, my country’s exports of mechanical and electrical products were 5.63 trillion yuan, an increase of 13.4%, accounting for 57.1% of the total export value. The total exports of seven major categories of labor-intensive products, including clothing, textiles, and footwear, were 2.05 trillion yuan, an increase of 10%, accounting for 20.8% of the total export value.
It is worth noting that from January to August this year, my country’s imports and exports to major markets such as the EU, the United States, ASEAN and Japan all showed growth, and the growth rate of imports and exports to countries along the “Belt and Road” was higher than the overall level. Among them, my country’s cumulative exports to the United States in the first eight months were US$303.44 billion, a cumulative year-on-year increase of 13.4%; China’s imports from the United States were US$110.806 billion, a cumulative year-on-year increase of 11.1%; the trade surplus with the United States further expanded. According to industry insiders, despite the trade friction between China and the United States, China’s imports and exports to the United States still maintain growth, indicating that there is strong complementarity in the Sino-US trade structure and that the United States has strong demand for Chinese products.
Bai Ming, deputy director of the International Market Research Institute of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that before the trade war, exporters from the two countries rushed to export. In this case, the growth of imports and exports in July and August was due to the “rush for exports” before the implementation of the policy. “There is great uncertainty about exports in the next few months due to factors.
At present, China and the United States have implemented all measures to impose tariffs on each other’s $50 billion worth of goods. Some analysts believe that after the United States imposed additional tariffs on Chinese goods, the Sino-US trade surplus has further expanded, and they are worried that the United States will further implement additional tariffs on Chinese goods. If the U.S. imposes tax increases on $200 billion of goods, it means that about half of the goods exported to the U.S. will be subject to increased taxes, covering most types of goods. Industries that are highly dependent on U.S. exports may be greatly affected by that time.
Some industry analysts believe that there is still a certain stress effect on foreign trade performance in August. Companies are uncertain about the Sino-US trade friction and are shipping and signing orders in advance. In the fourth quarter of the future, there is a possibility of further decline in export growth, while import growth is likely to continue to maintain steady growth.
my country has issued the “Textile Export Management Measures”
In order to regulate the order of textile export operations, textile export management measures are formulated in accordance with the “Foreign Trade Law of the People’s Republic of China” and the “Administrative Licensing Law of the People’s Republic of China”. These Measures are Order No. 21 of the Ministry of Commerce of the People’s Republic of China in 2006, and have been reviewed and approved by the Ministry of Commerce, and have been approved by the General Administration of Customs and the General Administration of Quality Supervision, Inspection and Quarantine, and shall come into effect on the date of issuance.
Purpose
In order to regulate the order of textile export operations, textile export management measures are formulated in accordance with the “Foreign Trade Law of the People’s Republic of China” and the “Administrative Licensing Law of the People’s Republic of China”. These Measures are Order No. 21 of the Ministry of Commerce of the People’s Republic of China in 2006, and have been reviewed and approved by the Ministry of Commerce, and have been approved by the General Administration of Customs and the General Administration of Quality Supervision, Inspection and Quarantine, and shall come into effect on the date of issuance. sfegearbvaegr
Disclaimer:
Disclaimer: Some of the text, pictures, audio and video of some articles published on this site are from the Internet and do not represent the views of this site., the copyright of which belongs to the original author. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
AA
