-National Fabric Export Overview
According to China Customs statistics, the national fabric import and export volume from January to June 2016 was 21.26 billion meters, a year-on-year increase of 6.8%, and the import and export volume was US$28.99 billion, a year-on-year decrease of 0.9%. Among them, the export quantity was 20.01 billion meters, an increase of 8.4%; the export value was US$26.26 billion, an increase of 0.5%; the average export unit price was US$1.31/kg, a year-on-year decrease of 7.2%. The import quantity was 1.25 billion meters, a decrease of 13%; the import value was US$2.73 billion, a decrease of 12.4%. The average unit price of imports was US$2.18/meter, a year-on-year increase of 0.7%.
In the first half of this year, fabric export volume showed a slight upward trend, and export volume basically remained stable.
First, the amount of fabric exports declined in June.
In June 2016, the national fabric export volume was 3.61 billion meters, a year-on-year increase of 6.5%; the export value was US$4.6 billion, a year-on-year decrease of 4%. The export value of cotton cloth, silk woven fabrics, wool animal hair woven fabrics and chemical fiber woven fabrics all declined, with exports of 1.08 billion, 50 million, 60 million and 1.75 billion US dollars respectively, with declines of 5.2%, 14.8%, 3.3% and 1.75 billion respectively. 1.5%.
2. From January to June 2016, exports to ASEAN increased, exports to the EU rebounded, and exports to North America, Latin America and Japan all declined.
From January to June 2016, Asia was still the main market for China’s fabric exports, accounting for 67.4% of China’s fabric exports. The export value was US$17.69 billion, a year-on-year increase of 3.7%. In the first half of the year, exports to ASEAN grew steadily, with the export volume reaching 5.15 billion meters, a year-on-year increase of 14.4%; the export value was US$8.41 billion, an increase of 7.9%. Among them, exports to Myanmar still showed significant growth, with exports of US$410 million, an increase of 14.8%; exports to Vietnam and Cambodia also increased to varying degrees, with exports of US$3.92 billion and US$890 million respectively, an increase of 4% and 7.2%. Exports to Indonesia declined slightly, with exports reaching US$1.1 billion, down 1.6%.
From January to June, China’s fabric exports to Hong Kong were US$1.79 billion, down 5.9%. Exports to Pakistan declined slightly, with export value reaching US$810 million, a decrease of 6.7%. Exports to Bangladesh and India both increased, with export values reaching US$1.97 billion and US$660 million respectively, with increases of 9.6% and 13.7% respectively.
In the first half of the year, China’s fabric exports to Japan were US$210 million, a decrease of 11.8%. Exports to the EU have been steadily recovering in recent months, with exports worth US$1.98 billion, a year-on-year increase of 4.5%. Exports to Latin America and North America continued to decline, with exports amounting to US$2.02 billion and US$970 million respectively, both declining by around 12.9%.
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 June 2016, the export price of fabrics was US$1.3/meter, a year-on-year decrease of 7.2%. The export price of Asian fabrics was US$1.49/meter, a year-on-year decrease of 7.1%; the export prices of fabrics to the EU and Latin American markets were US$1.33/meter and 1.01 yuan/meter respectively, a decrease of approximately 7.1 percentage points respectively. The export unit price of wool animal hair woven fabrics increased slightly, with a unit price of US$7.47/meter, an increase of 1.5%. The export unit prices of cotton cloth, silk woven fabrics and chemical fiber woven fabrics all dropped slightly, reaching US$1.55/meter, US$5.39/meter and US$1.05/meter respectively, down 8.4%, 4.9% and 7.7% respectively.
4. Related links
1. Exports of products subject to Turkish safeguard measures from January to June 2016
From January to June 2016, China’s textile and apparel exports to Turkey were US$920 million, a year-on-year decrease of 2.6%, 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$360 million, a year-on-year decrease of 12%, accounting for 39.1% of China’s total textile and apparel exports to Turkey.
Among the products subject to safeguard measures, fabric exports were US$180 million, a year-on-year decrease of 10.4%, accounting for 50% of China’s total exports of products subject to safeguard measures to Turkey. The value of clothing exports was US$89.745 million, a year-on-year decrease of 15.5%, accounting for 24.9% of China’s total exports of products subject to safeguard measures against Turkey.
2. Export of products under Indonesian safeguard measures
From January to June 2016, China’s textile and apparel exports to Indonesia were US$1.89 billion, a year-on-year decrease of 9.8%, accounting for 1.5% of China’s total global textile and apparel exports. Ranked 18th in China’s single export market, among which, the export value of products (fabrics) subject to safeguard measures was US$14.794 million, a year-on-year decrease of 7.7%, accounting for 0.8% of China’s total textile and apparel exports to Indonesia.
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