Cumulative exports of Chinese textiles and clothing decreased by 6.8% year -on -year.

In the first quarter of 2023, the cumulative export of Chinese textiles and clothing exported a total of 67.23 billion US dollars (below, about S $ 89.66 billion), a year -on -year decrease of 6.8%.

Caixin.com reported the above news on Wednesday (May 3), and said that among the various categories of "Made in China", the downward pressure of textile and clothing was the largest.

According to reports, at the Canton Fair held in April, more than 4,600 companies participated in the exhibition, accounting for about 1/8 of the number of participating companies.Among them, two exhibitors said that the main markets have restricted raw material production. Many companies transfer the supply chain to foreign countries is the main reason for the decline in exports of the industry.

A person familiar with the textile and apparel industry in Guangdong Province told Caixin.com that in the past year or two, the textile and apparel industry has accelerated the transfer of the industry.Transfer to abroad. "Data from the China Textile Import and Export Chamber of Commerce (referred to as the Textile Chamber of Commerce) showed that in the first quarter of 2023, Guangdong's clothing exports fell 15%year -on -year.

The data of the Textile Chamber of Commerce shows that the United States, the European Union, the ASEAN (known as ASEAN), and Japan are the main markets of Chinese clothing exports, accounting for 19.7%, 14.1%, 14.1%, and 14.1%, and 14.1%, respectively in the first quarter of 2023, respectively.11.6%and 9%.In the first quarter, China exported US $ 6.93 billion in US exports, a year -on -year decrease of 16.2%; exported to the EU $ 4.97 billion, a year -on -year decrease of 23.7%; exports to Japan were US $ 3.16 billion, a year -on -year decrease of 8%.

Only the Asian market has become a growth point for China's clothing exports.According to the Textile Chamber of Commerce's data, in the first quarter, China exported to Asia's exported clothing 4.08 billion US dollars, an increase of 30.1%year -on -year, of which the exports to Vietnam and Singapore increased by 229.9%and 117.6%, respectively.

Textile Chamber of Commerce Materials show that China's share in developed economies and major clothing consumer markets shows a downward trend.In the first two months of 2023, China accounted for US, the European Union, Japan, the United Kingdom, Canada, South Korea, and Australia's clothing import market share of 20.5%, 27.2%, 48.7%, 24.1%, 30%, 28.2%, and 60.4%, respectively.Among them, the market share in the United States, the European Union, Japan, Britain, South Korea, Australia, and Canada decreased by 5.0, 3.7, 7.4, 3.4, 0.9, 5.4 and 1.3 percentage points.

Textile Chamber of Commerce told Caixin.com that looking forward to the year, China's textiles and clothing exports are facing great pressure.