Analysis on the transfer trend of global textile and apparel industry chain (3)

Aug 21, 2020  |  by Zhao xh


Through research, it is found that the global textile and apparel trade trend has undergone significant changes in the past 10 years. As a traditional textile and apparel exporting country, China’s export proportion has begun to decline, while the proportion of textile and apparel exports in emerging countries such as Vietnam and Bangladesh has appeared obvious increase.

In terms of apparel, China’s main export destinations are the European Union, the United States and Japan. In 2019, China’s apparel exports to the European Union and Japan dropped significantly compared to 10 years ago, and China’s apparel exports to the United States increased compared to 10 years ago. In terms of different countries, the U.S.’s share of Chinese apparel imports fell by 6.9% in 10 years. At the same time, its share of Vietnamese apparel imports increased by 8.3%. The EU’s share of imports from China has fallen by 14% in 10 years. At the same time, its share of apparel imports from Bangladesh has increased by 11%; Japan’s share of China’s apparel imports has fallen by 27% in 10 years. At the same time, its proportion of Vietnamese apparel imports increased by 11%. It can be seen that the apparel production and export industries in Vietnam, Bangladesh and other countries have gradually grown in 10 years, competing with the traditional garment exporting country, China, squeezing the export market, and the garment industry chain is shifting.
 
In terms of textiles, China’s main export destinations are the European Union, the United States and Vietnam. The share of Europe and the United States is basically the same as 10 years ago, but Vietnam’s share has increased significantly compared to 10 years ago. In terms of different countries, China accounts for the largest share of U.S. textile imports at 42%. The total amount of imports has increased in 10 years, but the proportion has not changed much. The proportion of India, the second source of import, increased slowly. It is not ruled out that China’s share will be occupied by other emerging textile export destinations in the future. China’s textile imports in the EU also accounted for the largest share of 38%. Both the value and the proportion of imports have been on the rise in 10 years. Vietnam’s textile imports from China have increased significantly in the past 10 years. This is due to the gradual expansion of Vietnam’s garment production and export industries in recent years, but its textile industry chain is not complete and needs to be met by imports.

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