During January 2022 to July 2022, the total exports of China’s textile and apparel goods were up 12 per cent year-on-year.
Apparel exports alone were up 13 per cent year-on-year.Viewed from the proportion of major products exported, knitted garments made of chemical fiber took the largest part, and cotton knitted garments came second, followed by woven fabrics made of chemical fibers and other fabrics.
From January to July, the share of fabric exports was rather large, accounting for about 23 per cent of total textile and apparel exports.China’s exports of textile and apparel made of chemical fibers performed better than cotton goods. One of the reasons lies in the ban on Xinjiang cotton and another reason is that the unit price of cotton products increases faster than the unit price of products made of chemical fibers.
The EU countries, the US, Japan and Asean countries are still the major destinations for China’s textile and apparel exports. Year-on-year growth of exports to Asean and Bangladesh increased more rapidly to reach 23 per cent and 36 per cent respectively.The proportion of China’s textile and apparel exports to Europe, the US and Japan has moved down gradually. The proportion to the US, in particular, has declined rapidly since the US-China trade war.
Although China’s textile and apparel still hold a dominant position in those countries, especially in Japan, yet parts of the share are being squeezed by Southeast and South Asia countries. China is in the middle of an outward shift of its low-end textile and apparel industry, and this is expected to continue in the future. However, given the limited capacity and incomplete industrial chains, Southeast and South Asia countries are highly dependent on imports, particularly imports from China.
From 2007 till now, the share of China's textile exports in the total textile and apparel exports has risen gradually from 32 per cent to 47 per cent, up 14 percentage points.
This year, domestic sales of textile and apparel were relatively sluggish. From January to July, retail sales of garments, footwear, hats and knitwear declined by five per cent year-on-year. In perspective of monthly sales, only June and July saw positive year-on-year growth, but the growth was limited.
So, from January to July, China’s textile and apparel exports were significantly better than domestic sales, and exports of textile and apparel made of chemical fibers were clearly higher thanthose of cotton goods.
By Fashionating World