-A brief overview of China’s textile and apparel exports to ASEAN

In October, China’s exports to ASEAN fell by 10.2% year-on-year, but the decline was narrower than the previous month, with exports of US$2.87 billion. Among them, textiles increased by 2.5% and clothing decreased by 33.5%. From January to October, China’s cumulative exports to ASEAN were US$27.35 billion, a decrease of 4.5%, of which textiles increased by 2.8% and clothing decreased by 19.6%.

The main features of export are as follows:

1. Chemical fiber yarn and wool yarn drive growth in yarn exports

From January to October, China exported 549 million kilograms of yarn to ASEAN, a year-on-year increase of 3.51%, and the export value was US$1.45 billion, a year-on-year increase of 2.27%. Among them, the export volume of chemical fiber yarns was 439 million kilograms, a year-on-year increase of 15.19%, and the export value was US$933 million, a year-on-year increase of 2.63%; the export volume of wool yarn surged by 40.83% year-on-year, and the export value reached US$194 million, a year-on-year increase of 37.17%; Cotton yarn performed poorly, with export volume reaching 51.2315 million kilograms, a year-on-year decrease of 12.09%, and export value of US$241 million, a decrease of 15.88%; other yarn export volume was 54.4954 million kilograms, an increase of 9.62%, and export value increased by 3.59%; silk yarn was affected by Affected by the unit price drop of 9.44%, the export volume dropped by 5.70%.

2. Cotton cloth exports increased significantly

From January to October, China exported 8.746 billion meters of fabrics to ASEAN, a year-on-year increase of 12.04%, and the export value was US$13.988 billion, a year-on-year increase of 3.62%. Among them, the export volume of cotton cloth was 2.133 billion meters, a year-on-year increase of 25.15%, and the export value was US$3.721 billion, a year-on-year increase of 7.05%; the export of chemical fiber cloth was 3.942 billion meters, a year-on-year increase of 9.69%, and the export value was US$5.154 billion, a slight increase of 0.06% year-on-year; The export of other fabrics was 2.642 billion meters, a year-on-year increase of 6.66%, and the export value was US$4.891 billion, a year-on-year increase of 5.24%.

3. Rapid growth of non-woven fabric exports

From January to October, China’s exports of manufactured products to ASEAN were US$4.461 billion, a year-on-year increase of 0.41%. Among them, the export of home textiles was US$1.206 billion, a year-on-year increase of 1.37%, but the average export price dropped by 7.52% year-on-year; the export of non-woven fabrics was 192 million tons, a year-on-year increase of 17.08%, driving the export volume to increase by 12.44%, reaching US$843 million; other manufactured goods The export volume of finished products increased significantly by 72.39%, but the export value decreased by 4.89%.

4. The export unit price of clothing commodities has dropped significantly, affecting export performance

From January to October, China’s apparel exports to ASEAN were US$7.453 billion, a year-on-year decrease of 19.60%, and the average export unit price decreased by 16.57%.

Exports of knitted garments were 1.457 billion pieces (sets), a year-on-year decrease of 5.28%. The export volume was US$3.052 billion, a year-on-year decrease of 21.25%. The average price was US$2.09/piece (set), a year-on-year decrease of 16.85%. Among them, the export unit price of cotton knitted clothing dropped by 11.85%, with an export value of US$2.006 billion, a year-on-year decrease of 18.18%; the export value of chemical fiber knitted clothing dropped by 29.13%, and the unit price dropped by 24.92%; the average unit price of knitted clothing made of other materials fell by 34.71%, but the export The amount increased slightly by 0.44%.

The export performance of woven garments was similar, with an export volume of US$3.283 billion, a year-on-year decrease of 20.14%, and an average price of US$3.36/piece (set), a decrease of 16.25%. Among them, the export value of cotton woven clothing dropped by 6.60% year-on-year, and the export unit price dropped by 16.54%; the export value of chemical fiber woven clothing dropped by 39.23%, and the average export unit price dropped by 23.48%.

5. Fujian’s exports to ASEAN have grown rapidly

From the perspective of export provinces and cities, the top four export markets to ASEAN (Zhejiang, Guangdong, Jiangsu, and Fujian) all experienced growth in export volume, with Fujian experiencing the largest increase. Export volume increased by 21.28% year-on-year, and export volume increased by 43.20%. Guangxi, which ranked fifth, experienced a larger decline, with exports falling by 28.78% year-on-year. Shanghai, ranked sixth, also experienced a slight decrease of 1.19%, but its export volume increased by 12.13% year-on-year.

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