In May 2014, the country’s home textile exports maintained steady growth overall, with a cumulative export volume of US$9.43 billion, an increase of 5.5%, which was 1.9 percentage points higher than the overall growth rate of textiles and apparel.
1. The European Union grew rapidly, the United States remained flat, and Japan continued to decline
In May, home textile exports to the United States increased slightly, with an export value of US$2.31 billion, an increase of 0.16%, accounting for 24.5% of total exports. Exports to the EU grew rapidly, with an export value of US$1.54 billion, an increase of 11.7%, accounting for 16.4% of total exports. Exports to Japan still maintained negative growth, with export value reaching US$1.04 billion, a decrease of 2.1%, accounting for 11.1% of total exports.
Since 2013, home textile exports to Japan have continued to decline mainly due to: first, the depreciation of the yen, and customs statistics have shrunk when converted into U.S. dollars; second, Japan’s proactive adjustment of its procurement strategy, due to political and national security reasons, etc. Buyers are shifting orders to countries such as Vietnam and Bangladesh to avoid over-concentration of purchases; third, the total demand in the Japanese market is almost saturated; fourth, Japan’s domestic consumption tax increased from 5% to 8% in April this year, which will inhibit the purchase in the short term. Partial consumption.
2. The situation in Zhejiang and Jiangsu is relatively good, and Guangdong is growing faster
Zhejiang and Jiangsu rank among the top two home textile export provinces and cities in the country, and their exports are in good condition, with an increase of 5.9% and 9% respectively; Shandong and Shanghai rank third and fourth respectively, with a slight increase in exports, with an increase of 5.1% and 9% respectively. 2.1%; Guangdong’s exports grew rapidly, growing by 14.1%. In addition, exports from provinces and cities such as Jiangxi, Hubei and Sichuan grew rapidly, with an increase rate of between 30% and 37%.
