-National Fabric Export Overview
According to China Customs statistics, the national fabric export value from January to August 2016 was US$35.96 billion, an increase of 0.3%; the average export unit price was US$1.29/kg, a year-on-year decrease of 7.9%. The import value was US$3.69 billion, down 13.1%. The average unit price of imports was US$2.24/meter, a year-on-year increase of 2.9%.
First, the amount of fabric export increased in August.
In August 2016, the national fabric export value was US$5.17 billion, a year-on-year increase of 4.8%. Exports of woolen animal hair woven fabrics and chemical fiber woven fabrics increased by 20.5% and 8.6% respectively.
Exports of cotton and silk woven fabrics fell by 2.3% and 12.6% respectively.
2. From January to August 2016, exports to ASEAN increased, exports to the EU rebounded, and exports to North America, Latin America and Japan all declined.
From January to August 2016, Asia was still the main market for China’s fabric exports, accounting for 66.5% of China’s fabric exports. The export volume was US$23.9 billion, a year-on-year increase of 0.3%. From January to August, exports to ASEAN grew steadily, with export volume reaching US$11.31 billion, a year-on-year increase of 7.8%. Among them, exports to the Philippines still showed significant growth, with an increase of 94.5%; exports to Vietnam, Indonesia and Cambodia also increased to varying degrees, with increases of 1.1%, 3.7% and 9% respectively.
From January to August, China’s fabric exports to Hong Kong were US$2.38 billion, down 8.2%. Exports to Bangladesh and India both increased, with increases of 9.1% and 13.2% respectively.
From January to August, China’s fabric exports to Japan were US$290 million, a decrease of 9.9%. Exports to the EU have been steadily recovering in recent months, with a year-on-year increase of 5.1%. Exports to Latin America and North America continued to decline, with export values reaching US$2.97 billion and US$1.33 billion respectively, with declines of approximately 10.1% and 10.9% respectively.
3. Except for wool, the export unit price of animal hair increased slightly, while the export prices of other fabrics declined.
From January to August 2016, the export price of fabrics was US$1.29/meter, a year-on-year decrease of 7.9%. The export unit price of wool animal hair woven fabrics increased slightly, with a unit price of US$7.63/meter, an increase of 1.6%. The export unit prices of cotton cloth, silk woven fabrics and chemical fiber woven fabrics all dropped slightly, by 10%, 4.4% and 7.7% respectively.
4. Related links
1. Exports of products subject to Turkish safeguard measures from January to August 2016
From January to August 2016, China’s textile and apparel exports to Turkey were US$1.28 billion, a year-on-year decrease of 6.1%, 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$520 million, a year-on-year decrease of 12.7%, accounting for 40.6% of China’s total textile and apparel exports to Turkey.
Among the products subject to safeguard measures, fabric exports were US$240 million, a year-on-year decrease of 14.9%, accounting for 46.2% of China’s total exports of products subject to safeguard measures to Turkey. The value of clothing exports was US$170 million, a year-on-year decrease of 10.9%, accounting for 32.7% of China’s total exports of products subject to safeguard measures against Turkey.
2. Export of Indonesian Safeguard Measures Products
From January to August 2016, China’s textile and apparel exports to Indonesia were US$2.58 billion, a year-on-year decrease of 5.6%, accounting for 1.5% of China’s total global textile and apparel exports. Ranking 20th in China’s single export market, among which, the export value of products (fabrics) subject to safeguard measures was US$21.009 million, a year-on-year decrease of 2.6%, accounting for 0.8% of China’s total textile and apparel exports to Indonesia.
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