China’s textile and apparel exports: Increase in the United States and decrease in Europe
In 2015, China’s textile and apparel exports to the United States increased year-on-year, while exports to the EU declined year-on-year.
The China Chamber of Commerce for Import and Export of Textiles revealed on the 5th that China’s textile and apparel exports to the United States increased by nearly 7% year-on-year in 2015. Looking at quarterly exports, exports to the United States increased by approximately 11%, 7.4%, 8% and 1.8% year-on-year respectively in the four quarters of that year.
Among them, China’s textile and apparel exports to the United States maintained sustained and steady growth in the first three quarters, while the growth rate of its exports to the United States narrowed significantly in the fourth quarter. According to analysis, the main reason for the rapid decline in China’s textile and apparel exports to the United States is the rapid growth of exports to the United States from low-cost countries such as Southeast Asia.
At the same time, China’s textile and apparel exports to the EU fell by 9.43% year-on-year in 2015. Among the major provinces and cities exporting to the EU, only Guangdong maintained a slight growth.
From the perspective of China’s textile and apparel export countries to the EU in 2015, the United Kingdom, Germany, France, Spain, Italy and the Netherlands are the main markets for China’s exports to the EU, accounting for two-thirds of the EU market. Among them, exports to the United Kingdom increased by nearly 8%, while the remaining five countries declined respectively.
During the same period, among the other 22 EU countries, China’s textile and apparel exports to Finland and Estonia grew rapidly, while exports to Greece, Slovenia and Austria increased slightly.
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