test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Insight | Time: Feb 14 2020 4:16PM
China's apparel and clothing accessories exports narrow in 2019
 
Text size
In Dec 2019, China's apparel and clothing accessories exports rebounded slightly, but the export narrowed throughout the year. Share of exports from US, EU and Japan dropped significantly, while that from South Korea, Vietnam, India, Malaysia, and Singapore increased evidently.


Source: China Customs

In Dec 2019, the export value of China's apparel and clothing accessories was at 13.97billion USD, up 5.5% year-on-year. However, China's apparel export was grim in 2019. Export value of China's apparel and clothing accessories reached 151.37billion USD, down by 4.0% year-on-year.

Statistics on China's apparel and clothing accessories by variety



In 2019, China's apparel and clothing accessories exports, except for the increase in fur clothing exports and the small rise in accessories exports, the remaining apparel exports declined sharply. Non-knitted or crocheted garments, knitted or crocheted garments are the main export varieties, accounting for more than 32%, but the export value of both decreased slightly, which were 6.67% and 3.29% lower than that in same period of last year. The export value of leather garments and leather gloves decreased significantly, among which the export value of the former decreased by 30.84% year-on-year. The export value of fur clothing increased significantly, increased by 16.33% year-on-year; that of footwear increased slightly by 1.7% and the share of exports increased by 1.09%.

Statistics of China's major exporters of apparel and clothing accessories



Share of China's textile and apparel exports to the United States in 2019 was only 14.87%, which was greatly affected by the trade war and fell by 10.09% year-on-year. EU's share was 19.47%, still China's largest exporter, but dropped by 6.88%, while Japan's only 4.72%, down by 7.35%year-on-year. In terms of year-on-year changes, the value of China's exports to South Korea, Vietnam, India, Malaysia, Singapore, Indonesia, Thailand and other countries increased somewhat. The share of South Korea increased by 4.32% from last year to 8.02%, surpassing Japan to become China's third largest exporter.

In general, amid uncertain foreign trade environment and the global economic slowdown in 2019, China's overall exports of apparel and clothing accessories shrank slightly, and that of traditional exporter and regions such as US, EU, and Japan significantly decreased. And South Korea, Vietnam, India, Malaysia, Singapore and other countries have become new bright spots, with a significant increase.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related Articles
China Textile City trading express (Aug 7, 2020)
Japan's textile and apparel imported from China increased
China Textile City trading express (Aug 6, 2020)
China Textile City trading express (Aug 5, 2020)
China Textile City trading express (Aug 4, 2020)
China Textile City trading express (Aug 3, 2020)
Grey fabric market weekly (Jul 27-31, 2020)
China Textile City trading express (Jul 31, 2020)
China Textile City trading express (Jul 30, 2020)
China Textile City trading express (Jul 29, 2020)
 
Research
Polyester market review in H1 2020 and market outlook
PET bottle chip market to face challenges after an ...
Spandex market review in H1 2020 and market outlook
PTA and PX market outlook in H2 2020
Analysis on production changes of global major cotton ...
Analysis on spandex for ear bands for masks in 2020
 
 

浙公网安备33010902000742号