Exports to traditional markets all experienced negative growth
European Union—Exports to the EU continue their downward trend.
In January, China’s exports to the EU continued to decline. Exports for the month were US$4.55 billion, down 12%, the largest decline among traditional markets, with textiles down 1.9% and clothing down 15%. The export volume and price of needle-woven garments of major categories fell by 12.9% and 3.6% respectively.
United States – Exports to the United States have declined slightly, but apparel exports still maintain growth.
Compared with other traditional markets, the U.S. market is relatively stable, and cumulative exports to the United States increased in 2015. In January 2016, exports to the United States also declined. Exports that month were US$3.97 billion, a decrease of 1.3%, of which clothing increased by 0.5% and textiles decreased by 6.1%. The total export volume and price of needle-woven garments maintained a slight growth; yarns and fabrics of textiles declined rapidly.
ASEAN – Clothing export volume and price have dropped rapidly, and internal growth points have changed.
Exports to ASEAN continued last year’s downward trend, and the decline further expanded. Exports in January were US$3.09 billion, a decrease of 8.2%, which was mainly caused by a 30% decrease in clothing, while textiles maintained a growth of 7.3%. Fabrics were the only major category to achieve growth, with an increase of 15.9%, while yarn and finished products decreased by 6.7% and 8.4% respectively. The total export volume of needle and woven garments fell by 15.4%, and the average export unit price fell by 18.2%.
The growth points among ASEAN countries are showing a switching trend. Vietnam, which had grown rapidly in the early stage, has experienced a sharp decline. Exports to Vietnam fell by 26% that month. The Philippines has performed outstandingly since last year, and its export volume has gradually increased. In January, exports to the Philippines soared by 72%. The ranking of our exports to the ASEAN market also quickly climbed from 4th in 2014 to 2nd.
Japan – Exports to Japan dropped by 10%, accounting for less than 7% of the market.
The Japanese market continues to shrink. Exports to Japan in January were US$1.64 billion, a decrease of 10.1%. Japan’s share of China’s export market further dropped to 6.8%. Textile and clothing exports fell by 9.5% and 10.3% respectively, of which the total export volume of needle and woven clothing fell by 6.7%, and the average export unit price fell by 4.1%. Exports to traditional markets all recorded negative growth in January 2016
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