According to customs statistics, the national fabric import and export volume from January to November 2017 was US$55.03 billion, a year-on-year increase of 3%. my country’s fabric trade is mainly exported, accounting for nearly 90%. Imports account for about 10% and are declining year by year. As my country’s independent research and development capabilities for fabrics continue to increase, some high-end fabrics that were monopolized by Europe, the United States and Japan in the past have achieved independent production. Reduced import demand is an important reason for the decline in imports. From January to November, China’s fabric export volume was US$49.96 billion, an increase of 3.5%; its import volume was US$5.07 billion, a decrease of 1.6%.
1. Cotton imports and exports increased in November
The national fabric export volume in November was US$5.02 billion, a year-on-year increase of 12.1%. Both the import and export of cotton cloth maintained growth, with the export value reaching US$1.24 billion, an increase of 17.2%, and the import value reaching US$93 million, an increase of 9.8%. The export value of chemical fiber woven fabrics was US$1.83 billion, a year-on-year increase of 5.1%, and the import value was US$200 million, an increase of 0.8%.
2. Exports to emerging markets are growing rapidly
Asia is the main market for China’s fabric exports, accounting for 66.3% of fabric exports. From January to November, my country’s exports to Asia were US$33.11 billion, a slight increase of 2.3% year-on-year. Among them, Vietnam is the largest single market for my country’s fabric exports, accounting for 14.3% of my country’s fabric exports to the world, with an export volume of US$7.16 billion, the same as last year.
Among the top 15 countries and regions, exports to the next six emerging markets are growing rapidly: Bangladesh (2nd), Philippines (4th), Cambodia (6th), and Nigeria (9th) The five countries of China, Myanmar (12th), and Brazil (13th) are growing rapidly, with exports of US$3.85 billion, US$2.8 billion, US$1.96 billion, US$1.17 billion, US$960 million, and US$940 million respectively, with growth rates of 7.8% respectively. , 22.7%, 21.9%, 59.5%, 25.6%, 15.5%.
Among other major markets, exports to the EU have maintained a steady upward trend since May. The cumulative export volume from January to November was US$3.68 billion, a year-on-year increase of 5.3%. Exports to the United States were US$1.59 billion, a slight decrease of 1.6%.
3. Fabric exports from coastal provinces have grown steadily
The southeastern coast is the main area for fabric exports, and the top five exporting provinces have seen steady growth. The five provinces of Zhejiang, Jiangsu, Guangdong, Fujian, and Shandong accounted for more than 80% of the total, with exports of US$17.57 billion, US$9.06 billion, US$6.32 billion, US$4.03 billion, and US$3.38 billion respectively. Among them, Guangdong Province has grown rapidly, with an increase of 13%. Overview of national fabric import and export from January to November 2017
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