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China's clothing exports maintained rapid growth in the first three quarters of this year

发布时间:2021.11.16

China's clothing exports maintained rapid growth in the first three quarters of this year. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.


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Driven by factors such as the recovery of demand in the international market and the return of overseas orders, China's clothing exports maintained a substantial growth from January to September this year, but the export growth slowed month by month.


In September, clothing exports increased by 9.9% a month, indicating that the growth rate of market demand is gradually returning to normalization. From January to September 2021, China's exports of clothing and clothing accessories totaled US $122.415 billion, an increase of 25.3 per cent over the same period last year and an average growth of 6.0 per cent in two years, according to Chinese customs data. From the perspective of clothing exports, the export of knitted clothing and clothing accessories grew strongly, with an export value of US $61.223 billion, an increase of 40.57% over the same period last year, with an average growth of 7.0% in two years; the export of woven clothing and clothing accessories grew weakly, with an increase of US $50.199 billion, an increase of 8.47% over the same period last year and an average increase of 0.28% in two years.

The traditional market, especially the American market, plays a major role in promoting China's clothing exports. Among the major clothing export markets, only clothing exports to the United Kingdom and Hong Kong, China decreased compared with the same period last year, while China's clothing exports to other major countries and regions showed rapid growth in different ranges. Among them, benefiting from the compensatory growth of market demand stimulated by US economic policies, superimposed by the impact of the Vietnam epidemic on exports, China's clothing exports to the United States increased by 43.12% in the first three quarters compared with the same period last year, with an average increase of 8.31% in two years. China's clothing exports increased by 9.03 percentage points. China's clothing exports to the European Union and ASEAN increased by 17.83% and 20.49% respectively over the same period last year, with an average increase of 5.04% and 16.81% respectively in two years. China's clothing exports to Japan increased by 8.03% year on year, with an average decline of 2.27% in two years. Together, the above four countries accounted for 58.91% of the total clothing exports, an increase of 25.46% over the same period last year, which led to an increase of 14.98 percentage points in clothing exports.

Emerging markets are an important support for the growth of China's clothing exports. From January to September this year, China's clothing exports to countries and regions along the Belt and Road Initiative increased by 29.23% compared with the same period last year, which was 3.93 percentage points higher than the average growth rate of clothing exports, of which clothing exports to Kyrgyzstan, Saudi Arabia and the United Arab Emirates increased by 162.13%, 60.82% and 75.93% respectively, while China's clothing exports to Australia and Chile increased by 34.12% and 54.25% respectively.

In the fourth quarter, driven by major festivals such as Christmas and New Year's Day, the market demand in Europe and the United States will still be resilient, and the return of some orders is still a short-term positive factor for clothing exports. superimposed cross-border e-commerce, overseas warehouses and other new models of China's foreign trade development, China's clothing export situation is generally good. However, in the context of the epidemic, clothing exports will continue to face difficulties and challenges in many aspects, such as rising manufacturing costs such as raw materials, poor shipping logistics, RMB exchange rate and so on.

For more information about China's clothing import and export and foreign trade agency business, welcome to contact:

Ms. Linda Li

0086(0)21 3538 3306

sinoloben@thecustoms.com.cn


As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.  Transferred from the network, such as intrusion and deletion.


            

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