-National Fabric Export Overview
According to China Customs statistics, the national fabric import and export volume from January to July 2016 was 25.06 billion meters, a year-on-year increase of 6%, and the import and export volume was US$34.01 billion, a year-on-year decrease of 1.7%. Among them, the export quantity was 23.62 billion meters, an increase of 7.7%; the export value was 30.8 billion US dollars, a decrease of 0.4%; the average export unit price was 1.3 US dollars/kg, a year-on-year decrease of 7.5%. The import quantity was 1.44 billion meters, a decrease of 15.2%; the import value was US$3.21 billion, a decrease of 13.2%. The average unit price of imports was US$2.23/meter, a year-on-year increase of 2.4%.
First, the amount of fabric exports declined in July.
In July 2016, the national fabric export volume was 3.61 billion meters, a year-on-year increase of 4%; the export value was US$4.54 billion, a year-on-year decrease of 5.2%. The export value of cotton cloth, silk woven fabrics, wool animal hair woven fabrics and chemical fiber woven fabrics all declined, with exports of 1.1 billion, 40 million, 50 million and 1.71 billion US dollars respectively, with declines of 6%, 25.8%, 0.4% and 3.8%.
2. From January to July 2016, exports to ASEAN increased, exports to the EU rebounded, and exports to North America, Latin America and Japan all declined.
From January to July 2016, Asia was still the main market for China’s fabric exports, accounting for 66.9% of China’s fabric exports. The export volume was US$20.6 billion, a year-on-year increase of 2.8%. From January to July, exports to ASEAN grew steadily, with the export quantity being 5.99 billion meters, a year-on-year increase of 14.7%; the export value was US$9.77 billion, an increase of 7.5%. Among them, exports to Myanmar still showed significant growth, with exports of US$470 million, an increase of 13.1%; exports to Vietnam, Indonesia, and Cambodia also increased to varying degrees, with exports of US$4.57 billion, US$1.29 billion, and US$1.04 billion respectively, an increase of 13.1%. They were 2.8%, 1.4% and 8.4% respectively.
From January to July, China’s fabric exports to Hong Kong were US$2.09 billion, a decrease of 6.8%. Exports to Pakistan declined, with export value reaching US$930 million, a decrease of 10.1%. Exports to Bangladesh and India both increased, with export values reaching US$2.22 billion and US$800 million respectively, an increase of 6.9% and 12.3% respectively.
From January to July, China’s fabric exports to Japan were US$250 million, a decrease of 11.6%. Exports to the EU have been steadily recovering in recent months, with exports worth US$2.3 billion, a year-on-year increase of 4%. Exports to Latin America and North America continued to decline, with export values reaching US$2.44 billion and US$1.14 billion respectively, with declines of approximately 13.7% and 12.7% respectively.
3. The export unit price of animal hair woven fabrics except wool increased slightly, while the export prices of other fabrics declined.
From January to July 2016, the export price of fabrics was US$1.3/meter, a year-on-year decrease of 7.5%. The export price of Asian fabrics was US$1.48/meter, down 7.6% year-on-year; the export prices of fabrics to the EU and Latin American markets were US$1.33/meter and 1.01 yuan/meter respectively, down 7.4 and 6.6 percentage points respectively. The export unit price of wool animal hair woven fabrics increased slightly, with a unit price of US$7.58/meter, an increase of 1.2%. The export unit prices of cotton cloth, silk woven fabrics and chemical fiber woven fabrics all dropped slightly, reaching US$1.54/meter, US$5.42/meter and US$1.04/meter respectively, down 9.1%, 4.6% and 7.6% respectively.
4. Related links
1. Exports of products subject to Turkish safeguard measures from January to July 2016
From January to July 2016, China’s textile and apparel exports to Turkey were US$1.09 billion, a year-on-year decrease of 5.4%, accounting for 0.7% of China’s total global textile and apparel exports, ranking 33rd in China’s single export market. Among them, the export value of products under safeguard measures was US$440 million, a year-on-year decrease of 13.5%, accounting for 40.4% of China’s total textile and apparel exports to Turkey.
Among the products subject to safeguard measures, fabric exports were US$210 million, a year-on-year decrease of 13.4%, accounting for 47.7% of China’s total exports of products subject to safeguard measures to Turkey. The value of clothing exports was US$130 million, a year-on-year decrease of 14.4%, accounting for 29.5% of China’s total exports of products subject to safeguard measures against Turkey.
2. Export of Indonesian Safeguard Measures Products
From January to July 2016, China’s textile and apparel exports to Indonesia were US$2.21 billion, a year-on-year decrease of 7.5%, accounting for 1.5% of China’s total global textile and apparel exports. Ranked 19th in China’s single export market, among which the export value of products (fabrics) subject to safeguard measures was US$18.259 million, a year-on-year increase of 0.3%, accounting for 0.8% of China’s total textile and apparel exports to Indonesia.
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