-National Fabric Export Overview
According to China Customs statistics, the national fabric import and export volume from January to May 2016 was 17.45 billion meters, a year-on-year increase of 7.3%, and the import and export volume was US$23.88 billion, a year-on-year increase of 0.4%. Among them, the export quantity was 16.4 billion meters, an increase of 8.8%; the export value was US$21.66 billion, an increase of 1.5%; the average export unit price was US$1.32/kg, a year-on-year decrease of 6.7%. The import quantity was 1.05 billion meters, a decrease of 11.9%; the import value was US$2.22 billion, a decrease of 12.5%. The average unit price of imports was US$2.12/meter, a year-on-year decrease of 0.7%.
In January, fabric exports increased in May.
In May 2016, the national fabric export volume was 4.01 billion meters, a year-on-year increase of 9.8%; the export value was US$5.17 billion, a year-on-year decrease of 0.7%. The export value of both silk woven fabrics and chemical fiber woven fabrics increased, with exports of US$68.694 million and US$1.94 billion respectively, an increase of 8.1% and 1.2% respectively. Cotton cloth exports fluctuated slightly, with exports reaching US$1.3 billion, a decrease of 0.2%. Wool and animal hair woven fabrics experienced a larger decline, with exports reaching US$60.811 million, down 12.3%. 4.8%, 2.3%, 4.3% and 4.1%.
2. From January to May 2016, exports to ASEAN increased, exports to the EU rebounded steadily, and exports to North America, Latin America and Japan all declined.
From January to May 2016, Asia was still the main market for China’s fabric exports, with exports accounting for 67.9% of China’s fabric exports. Export volume was US$14.7 billion, a year-on-year increase of 4.9%. From January to May, exports to ASEAN grew steadily, with the export volume reaching 4.3 billion meters, a year-on-year increase of 15.8%; the export value was US$7.03 billion, an increase of 10.2%. Among them, exports to Myanmar showed significant growth, with exports of US$340 million, an increase of 14.6%; exports to Vietnam, Indonesia, Cambodia and Myanmar also increased to varying degrees, with exports of US$3.28 billion, US$960 million and US$730 million respectively. Growth rates were 4.8%, 2% and 9.7% respectively.
From January to May, China’s fabric exports to Hong Kong were US$1.49 billion, a decrease of 6.5%. Exports to Pakistan declined, with export value reaching US$690 million, a decrease of 4.8%. Exports to Bangladesh and India both experienced significant growth, with export volumes reaching US$1.71 billion and US$550 million respectively, representing increases of 10.7% and 21.4% respectively.
From January to May, China’s fabric exports to Japan were US$170 million, a decrease of 13.4%. The EU has been in a period of steady recovery since April, with exports amounting to US$1.62 billion, a year-on-year increase of 4.9%. Exports to Latin America and North America continued to decline, with export values reaching US$1.62 billion and US$770 million respectively, a decrease of 12.7% and 11.9% respectively.
3. The export unit price of woolen animal hair woven fabrics increased slightly, while the export prices of other fabrics declined.
From January to May 2016, the export price of fabrics was US$1.32/meter, a year-on-year decrease of 6.7%. The export price of fabrics to Asia was US$1.49/meter, down 6.3% year-on-year; the export prices of fabrics to the EU and Latin American markets were US$1.32/meter and 1.02 yuan/meter respectively, down 7.6 and 6.6 percentage points respectively. The export unit price of wool animal hair woven fabrics increased slightly, with a unit price of US$7.37/meter, an increase of 1.2%. The export unit prices of cotton cloth, silk woven fabrics and chemical fiber woven fabrics all dropped slightly, to US$1.56/meter, US$5.37/meter and US$1.06/meter respectively, down 7.5%, 5.3% and 7.4% respectively.
4. Related links
1. Exports of products subject to Turkish safeguard measures from January to May 2016
From January to May 2016, China’s textile and apparel exports to Turkey were US$720 million, a year-on-year decrease of 3.9%, accounting for 0.7% of China’s total global textile and apparel exports, ranking 34th in China’s single export market. Among them, the export value of products under safeguard measures was US$270 million, a year-on-year decrease of 15.6%, accounting for 37.5% of China’s total textile and apparel exports to Turkey.
Among the products subject to safeguard measures, fabric exports were US$140 million, a year-on-year decrease of 10.2%, accounting for 51.9% of China’s total exports of products subject to safeguard measures to Turkey. The value of clothing exports was US$56.737 million, a year-on-year decrease of 28.2%, accounting for 21% of China’s total exports of products subject to safeguard measures against Turkey.
2. Export of products under Indonesian safeguard measures
From January to May 2016, China’s textile and apparel exports to Indonesia were US$1.66 billion, a year-on-year decrease of 5.3%, accounting for 1.6% of China’s total global textile and apparel exports. Ranked 14th in China’s single export market, among which, the export value of products (fabrics) subject to safeguard measures was US$12.94 million, a year-on-year increase of 4.9%, accounting for 0.8% of China’s total textile and apparel exports to Indonesia.
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