-Overview of China’s home textile exports
In March 2016, the country’s home textile exports experienced rapid growth, with an increase of 38%, which significantly narrowed the overall decline in the first quarter. In the first quarter, the country’s home textile exports totaled US$5.34 billion, down 6.1%, and the decline narrowed 12 percentage points from the previous month. Enterprises reported that rapid growth in March was expected. Since the Spring Festival this year is in early February, new orders for enterprises to start production after the Spring Festival are mostly scheduled to be shipped in March. In addition, due to the decline in cotton prices, the production costs of enterprises have been reduced. The current order situation has improved compared with last year, and corporate profits have increased.
1. The European, American and Japanese markets performed stably, while the ASEAN market declined
In the first quarter, China’s home textile exports to the three major markets of the United States, the European Union and Japan generally showed a relatively stable trend. Exports to the United States were US$1.47 billion, a decrease of 4.9%, exports to the EU were US$930 million, a decrease of 0.3%, and exports to Japan were US$930 million, a decrease of 0.3%. Exports amounted to US$560 million, an increase of 4.2%. The three major markets together accounted for 55.7% of my country’s total exports, which was basically the same as the same period last year. Among other major markets, home textile exports to ASEAN and African markets experienced significant declines, with declines of 14.4% and 27.4% respectively.
2. Guangdong and Shandong are relatively strong, but inland provinces and cities are worried
The top five export provinces and cities are Zhejiang, Jiangsu, Shandong, Shanghai, and Guangdong. Among them, the exports of Zhejiang, Jiangsu, and Shanghai declined, with a decrease of between 2% and 10%. The exports of Shandong and Guangdong bucked the trend, and their exports increased by 2%. 11% and 24% respectively. In the first quarter, Shandong’s exports achieved a major reversal, mainly due to the recovery of Japanese market demand. In addition, Yidatong settled in Shandong, helping its exports to grow rapidly.
Exports from inland provinces and cities are still showing a downward trend. Provinces and cities such as Hebei and Anhui, which were originally major exporters of home textiles, saw exports drop by about 10%. Exports from provinces and cities such as Chongqing, Yunnan, Sichuan, and Gansu dropped by more than 20%.
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