A brief overview of China’s textile and apparel exports to the United States
According to China Customs statistics, in 2016, China’s textile and apparel exports to the United States totaled US$45.025 billion, a year-on-year decrease of 5.69%. Among them, textile exports were US$11.699 billion, a year-on-year decrease of 2.45%, and clothing exports were US$33.326 billion, a year-on-year decrease of 6.78%. The main features of exports are as follows:
1. Falling chemical fiber yarn prices drag down export performance
In 2016, China exported 306 million kilograms of yarn to the United States, a year-on-year increase of 1.81%. The export value was US$504 million, a year-on-year decrease of 2.78%. The export unit price decreased by 4.51% year-on-year, mainly affected by the decline in chemical fiber yarn prices. The export volume of chemical fiber yarn was 147 million kilograms, an increase of 6.46%, and the export value was US$309 million, a year-on-year decrease of 4.07%. The main reason was that the average unit price dropped by 9.89%; the cotton yarn export volume was 2.1161 million kilograms, a year-on-year increase of 33.69%, and the export value increased year-on-year. 27.05%, the export unit price dropped by 4.96%; the export volume of other yarns was 156 million kilograms, down by 2.28%, and the export value was US$162 million, down by 3.13%; the export volume of silk threads fell by 9.71%, but the average unit price increased by 78.64%, driving the export volume A year-on-year increase of 61.28%; the export volume of wool yarn fell sharply by 42.57%, and the unit price increased by 68.77%.
2. The performance of cotton exports is dismal
In 2016, China exported 1.398 billion meters of fabrics to the United States, a year-on-year decrease of 2.68%, and the export value was US$1.789 billion, a year-on-year decrease of 8.87%. Among them, the export volume of cotton cloth was 213 million meters, a year-on-year decrease of 17.23%, and the export value was US$251 million, a year-on-year decrease of 26.88%. The performance was dismal; the export of chemical fiber cloth was 424 million meters, a year-on-year increase of 8.82%, and the export value was US$457 million, a year-on-year decrease. 5.56%, dragged down by a 13.21% drop in unit price; exports of other fabrics were 757 million meters, a year-on-year decrease of 3.57%, and the export value was US$1.048 billion, a year-on-year decrease of 4.42%.
3. The unit prices of manufactured goods have dropped significantly
In 2016, China’s exports of manufactured products to the United States were US$9.405 billion, a year-on-year decrease of 1.11%, and the average unit price dropped by 12.07%. Among them, the export of home textiles was US$4.655 billion, a year-on-year decrease of 1.50%, and the average export price dropped by 10.95% year-on-year; the export of non-woven fabrics was 19,956 tons, a year-on-year increase of 1.66%, the export volume was US$623 million, a year-on-year decrease of 6.14%, and the average unit price fell by 7.67%. ; Exports of other manufactured products were US$3.027 billion, down 1.26%, and the average unit price dropped by 17.53%.
4. The export volume of woven clothing dropped less than that of knitted clothing
In 2016, China’s apparel exports to the United States were US$33.326 billion, a year-on-year decrease of 6.78%, and exports were 14.511 billion pieces (sets), a slight decrease of 0.06% year-on-year.
Exports of knitted garments were 3.766 billion pieces (sets), a year-on-year decrease of 1.28%, and the export volume was US$14.265 billion, a year-on-year decrease of 7.75%. The average price was US$3.79/piece (set). Among them, chemical fiber knitted clothing was the only category of goods that saw an increase in export volume, with a year-on-year increase of 3.18%, and the export volume was US$6.983 billion, a year-on-year decrease of 3.55%; cotton knitted clothing performed poorly, with an export volume of US$5.408 billion, a year-on-year decrease of 13.30%, export volume fell by 7.50%; other knitted garments also experienced a double drop in export volume, with export volume reaching US$1.454 billion, a decrease of 5.23%, and export volume falling slightly by 0.36%.
Exports of woven garments were 2.844 billion pieces (sets), a year-on-year decrease of 3.33%. The export volume was US$13.827 billion, a year-on-year decrease of 4.07%. The average price was US$4.86/piece (set). Among them, the export volume of cotton woven clothing increased by 2.15% year-on-year, and the export value was US$5.677 billion, a year-on-year decrease of 1.99%; the export value of chemical fiber woven clothing was US$6.112 billion, a year-on-year decrease of 4.67%, but the average export unit price increased by 0.88% year-on-year.
5. Processing trade drags down the overall foreign trade level
In 2016, China’s general trade volume with the United States accounted for 80.04% of the total textile and apparel trade, still occupying an absolute dominant position, but it fell by 4.36% year-on-year, with exports of US$36.039 billion, and export volume increased by 3.92% year-on-year. Processing trade performed poorly, with export volume reaching US$7.471 billion, a sharp drop of 13.07% year-on-year, and export volume falling by 13.37%, which exerted a negative influence on China’s exports to the United States.
6. Driven by private enterprises, the number of entrepreneurs exporting to the United States is still growing
In 2016, a total of 33,198 companies in my country were engaged in textile and clothing export trade to the United States, a year-on-year increase of 2.31%. Among them, private enterprises were still the main ones, with a total of 26,320, a year-on-year increase of 4.73%. At the same time, the export volume of private enterprises is also growing, with a year-on-year increase of 8.68%, and the export volume reached 25.253 billion US dollars, a slight decrease of 1.18 percentage points. In contrast, state-owned enterprises and foreign-funded enterprises performed poorly. With both export volume and value falling, the number of entrepreneurs also declined. Among them, the export volume of state-owned enterprises fell by 6.97% and 6.63% respectively, and the number of entrepreneurs was 1,029. , a year-on-year decrease of 7.55%; the export volume of foreign-funded enterprises decreased by 9.50% and 12.94% respectively, and the number of entrepreneurs also dropped by 5.80 year-on-year, to only 5,730.
7. Major provinces and cities exporting to the United States have declined
From the perspective of export provinces and cities, the top five export markets to the United States are still Jiangsu, Zhejiang, Guangdong, Shanghai, and Shandong. The export volume of the above-mentioned five provinces and cities has declined, with decreases of 1.32%, 4.78%, 10.59%, and 9.22% respectively. % and 3.05%, but the number of export entrepreneurs in Jiangsu, Zhejiang and Guangdong has increased, with year-on-year increases of 5.12%, 2.57 and 0.08%. Last year, Jiangxi’s exports suddenly emerged. The export volume increased by 11.96% year-on-year, and the number of entrepreneurs increased by 24.71%. It rose from 8th to 7th last year. It also became the only province or city among the top ten exports to the United States to have an increase in export volume.
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