Clothing exports maintained a growth trend in May 2014, with export volume reaching US$14.5 billion, an increase of 9.48%. From January to May, the cumulative export volume of clothing was US$62.8 billion, a year-on-year increase of 2.6%, and the export unit price was US$2.5 per piece, a year-on-year decrease of 2.4%.
1. The European and American markets maintain growth, while the Japanese, Hong Kong and ASEAN markets continue to decline
From January to May, the economic recovery momentum of the EU and the United States gradually stabilized, and exports maintained growth. Exports to the EU were US$14.65 billion, an increase of 19.2%, accounting for 23.3% of my country’s total exports; exports to the United States were US$11.13 billion, an increase of 7%. , accounting for 17.7% of my country’s total exports. Affected by the shift in Japan’s procurement focus and the increase in consumption tax, exports to Japan continued to decline, with exports amounting to US$7.59 billion, a decrease of 11.2%, accounting for 12.1% of my country’s total exports. As hot money inflows, arbitrage trade and other factors pushed up last year’s year-on-year base, Hong Kong’s exports dropped significantly year-on-year. Exports to Hong Kong were US$3.02 billion, a decrease of 21.1%, accounting for 4.8% of my country’s total exports.
Exports to ASEAN continued to decline, with exports amounting to US$5.06 billion, a decrease of 9.2%, accounting for 8.1% of my country’s total exports. Among them, the export value to Singapore, Malaysia and the Philippines dropped most significantly, with export values of 530 million US dollars, 1.18 billion US dollars and 330 million US dollars respectively, a decrease of 29.9%, 27.2% and 22.4% respectively. In addition, exports to Nigeria, the Netherlands and Iraq grew rapidly, with exports reaching US$310 million, US$1.78 billion and US$280 million respectively, an increase of 110.8%, 56.7% and 41.5% respectively. Exports to Panama, Kazakhstan, and Israel declined rapidly, with exports reaching US$390 million, US$850 million, and US$340 million, down 44.8%, 25.3%, and 15.7% respectively.
2. The export growth rate of eastern provinces and cities is stable, while the growth rate gap between central and western provinces and cities is large
Among the top five provinces and cities in apparel exports, Guangdong ranked first, with an export volume of US$11.05 billion, a year-on-year decrease of 4.6%; Zhejiang and Jiangsu’s exports increased slightly, ranking second and third, with an export volume of US$11.03 billion respectively. and 8.76 billion US dollars, an increase of 3.4% and 7% respectively; Fujian and Shanghai ranked fourth and fifth respectively, with exports of 6 billion and 4.9 billion US dollars respectively, a decrease of 5.2% and 0.6% respectively. In addition, the export volume of Yunnan, Shaanxi, Hunan and other provinces and cities grew rapidly, with an increase rate between 197.2% and 427.2%. The export volume of Shanxi, Qinghai, Hainan and other provinces and cities fell rapidly, with the decline ranging from 37.9% to 49.8%.