China’s VSF export was largely flat with that of 2019, while the import showed a trend of sharp decline. As per CCF Group, there was notable growth of demand from Pakistan that had become China’s largest destination, while the export to Turkey and Indonesia declined sharply.

On a monthly basis, there was a temporarily low ebb of imports in April and July, while exports fluctuated greatly.

 

Among them, export rush occurred in March and the export volume during April-June was much lower than the same period of past years due to the COVID-19 outbreak abroad, but it started to rebound sharply since August.

 

According to customs data, VSF import of Chinese mainland totaled 150.502kt in 2020, down 33.68 percent year-on-year.

 

The import from Austria, Indonesia, India and Thailand declined sharply year-on-year. Only UK maintained the similar level of 2019 and changes in percentage of import origins were different. The share of Austria and UK expanded, while that of Indonesia and India narrowed.

 

Source: fashionatingworld.com