China'S Textile And Garment Imports And Exports Have Increased For Two Consecutive Years, And The Competitive Advantages Of Upstream Products Are Highlighted.

China Textile Import and Export Chamber of Commerce announced on the 1 day at the twenty-ninth China East China Import and Export Fair, which was opened in Shanghai, China's textile and clothing imports and exports grew steadily for two consecutive years, and the international competitive advantage of upstream products was highlighted.

In 2018, China's textile and apparel exports amounted to US $276 billion 730 million, an increase of 3.7% over the previous year.

Among them, textile exports amounted to $119 billion 100 million, an increase of 8.1% over the previous year, and clothing exports of $157 billion 630 million, up 0.3% from the same period last year.

Cao Jiachang, President of the China Textiles Import and Export Chamber of Commerce, said that in 2018, the textile and garment industry saw an increase in exports of upstream products and a slowdown in exports of downstream products. On the one hand, the pfer of China's garment manufacturing industry led to a slowdown in related exports. On the other hand, the related industrial chains of low cost garment producing countries around the periphery were incomplete, and the demand for Chinese yarn and fabrics increased.

According to customs statistics, in 2018, China's exports of yarn and fabrics to Vietnam and Bangladesh increased by 19.3% and 21.5% respectively over the previous year. Textile and apparel exports to ASEAN grew by 11.7% over the same period last year, the fastest growing in all major markets, indicating that ASEAN is becoming an important place to undertake the pfer of Chinese clothing industry.

According to the analysis, the impetus for China's textile and garment industry to promote the strategic layout of globalization is mainly to find global value chain depression and adapt to the change of international market order needs.

The related modes mainly include overseas investment in factories, finding strategic partners, opening branches, realizing product display and overseas orders, speeding up the construction of overseas warehouses, etc., and gradually emerge in the global production supply chain with new attitudes of organizers and managers.

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.

The export market along the "one belt and one way" has been growing for three consecutive years, with an increase of 5.3% in 2018.

According to reports, in recent years, in the face of domestic market consumption and upgrading needs, the state has repeatedly lowered tariffs on imported goods, and promoted the substantial increase in imports of clothing consumer goods.

In 2018, China's textile and apparel imports reached 26 billion 140 million US dollars, up 6.4% over the same period last year.

Among them, textile imports increased by 3% and clothing imports increased by 14.8%.

The China trade fair, known as the first exhibition of China's foreign trade, is the largest regional trade exhibition in China.

There are more than 4000 enterprises participating in this year's fair, including more than 3500 domestic export enterprises.

Costumes and textile fabrics are the two main export commodities highlighted by the China Trade Fair.