Analysis Of China'S Textile And Apparel Exports To The US In 2016

Mainland China business spokesperson Shen Danyang revealed 2015

clothing

283 billion 780 million (US dollars, the same below), 4.9% lower than in 2014, but exports to the United States 47 billion 730 million, up 6.7% from 2014.

Textile and garment industry is the traditional dominant industry in the mainland. It is hoped that the textile and clothing exports to the US will continue to grow well in 2016, but the difficulties are obvious.

First, restricted by the slow recovery of world economy and the weak demand of international market, and the rising of domestic factor cost, the export of mainland textile and clothing has declined overall and the growth rate of US exports has slowed down.

Textile and apparel in Europe and America in 2015

In view of the situation, EU imports dropped by 8.8%, while US imports grew by only 4%.

Two, some industries and orders have been pferred to low-cost countries such as Southeast Asia and South Asia, so that the textile and garment industry of neighboring countries has been rapidly expanded and occupied some space for the US export market.

Three, the partial depreciation of the currencies of some countries, resulting in a passive appreciation of the renminbi and weakening the competitiveness of the mainland's products.

Therefore, we must make greater efforts to keep us textile and garment exports growing in 2016.