[Situation Overview]
Looking at the overall yarn and fabric,The export scale of intermediate products has steadily expanded, and its proportion in my country’s textile and apparel exports has continued to increase. In 2023, yarn fabric exports will be US$77.9 billion, with export volume 6.7 times that of 2001, and its proportion rising to 26.7%. Among them, yarn exports amounted to US$13.7 billion and fabric exports amounted to US$64.2 billion, which were 5.2 times and 7.2 times those of 2001 respectively.
From the international market, exports to ASEAN and other major markets have stabilized. In the fourth quarter of 2023, exports of yarn fabrics to ASEAN increased by 13.8 percentage points compared with the third quarter. At the same time, the diversified international market structure is accelerating. At present, my country’s annual exports of yarn fabrics to countries jointly building the “Belt and Road” account for more than 80%, and exports of yarn fabrics to Russia, Kyrgyzstan, Saudi Arabia and other countries have performed well. .
The Red Sea-Suez Canal crisis has had a certain impact on textile and clothing exporting countries, including China. Not only are the textile and apparel exports of Southeast Asian and South Asian countries to Europe greatly affected, but also the volume of Brazilian, American, African cotton purchased by some countries has declined, which has also had a greater impact on the trade in intermediate goods. Enterprises report that not only have freight rates increased significantly and profits have dropped significantly, but there is also great uncertainty in delivery times.
December’s single-month import and export continued to grow
Nationwide in 2023 The import and export volume of fabrics was US$67.03 billion, a year-on-year decrease of 8.7%. Among them, the export value was US$64.2 billion, a year-on-year decrease of 8.5%; the import value was US$2.83 billion, a year-on-year decrease of 13.6%.
In December 2023, my country’s fabric import and export volume was US$5.55 billion, a year-on-year increase of 3.0%. Among them, the export value was US$5.28 billion, a year-on-year increase of 3.0%; the import value was US$260 million, a year-on-year increase of 3.7%.
my country’s fabric trade is mainly exported, accounting for nearly 90%. In recent years, as my country’s independent research and development capabilities for fabrics have continued to increase, some high-end fabrics that were monopolized by Europe, the United States and Japan in the past have been independently produced, and my country’s fabric imports have declined year by year.
[Export situation]
Full year 2023 The decline in fabric exports exceeds the decline in textile and apparel exports
Textile and apparel exports in 2023 will be US$293.64 billion, a decrease of 8.1%, and textile exports will be US$134.5 billion, year-on-year. A decrease of 8.3%; clothing export volume was US$159.14 billion, a decrease of 7.8% year-on-year. Among the four major categories of commodities, the export value of yarn and fabrics decreased by 8.6% and 8.5% respectively; the export value of home textiles and needle-woven clothing decreased by 0.4% and 7.9% respectively.
Affected by the decline in demand in Europe and the United States, my country’s export momentum to major markets such as Southeast Asia and South Asia has weakened
Asia It is the main market for my country’s fabric exports. In 2023, my country’s fabric exports to Asian countries will amount to US$42.5 billion, accounting for 63.4% of total fabric exports. Among the top ten target market exports, Asian markets account for 8. As the largest single market for my country’s fabric exports, Vietnam accounts for 15.9% of my country’s fabric exports to the world, with an export value of US$10.27 billion, a year-on-year decrease of 8.1%.
Except Brazil, the top ten markets from January to December all declined. Among them, Bangladesh’s decline has narrowed, with exports of US$5.5 billion, a year-on-year decrease of 17.8%.
Exports of cotton and chemical fiber woven fabrics both declined
Looking at major categories of products, from January to December The exports of chemical fiber woven fabrics and cotton fabrics were US$27.82 and US$9.68 billion respectively, down 4.7% and 17.7% respectively. Exports of silk woven fabrics were US$370 million, down 17.9%; exports of wool and animal hair woven fabrics were US$280 million, down 16.6%.
Exports from the top five exporting provinces and cities all declined
The southeastern coast is the main area for fabric exports, with Zhejiang and Jiangsu , Guangdong, Shandong and Fujian, the top five exporting provinces together account for more than 85%. Exports in all provinces and cities declined, with exports from Zhejiang, Jiangsu, Guangdong, Shandong and Fujian falling by 4.9%, 14.3%, 20.1%, 13.5% and 29.9% respectively. \
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