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China's Textile And Apparel Exports To The United States Increased By 5.7%.

May 16, 2018

In the first quarter of this year, China's exports to the us accounted for 16.7 per cent of total textile exports, up 5.7 per cent year on year.

From the perspective of export structure, garment export is the main factor, textile export is auxiliary, clothing exports accounted for 70.7% in the first quarter, and textile exports accounted for 29.3%.

China and the United States on the textile clothing trade has a huge trade surplus, China textile clothing trade 293.15 billion dollars in the first quarter, with exports, imports of $180 million, $9.61 billion trade surplus of $9.43 billion.

The trade friction between China and the United States is a hot spot for the fair.

At present, the textile and apparel products are not listed in the first round of customs duties, while the second round of the list of the two sides of China and the United States shows the related products of the textile industry.

If trade friction continues to escalate, the textile industry may be affected in the second half of the year.

According to the U.S. department of commerce, in January and February of 2018, the top four exporters of textile clothing in the United States were China, Vietnam, India and Bangladesh, accounting for 35.8 percent, 10.9 percent, 6.9 percent and 5 percent respectively.

At present China still holds an absolute advantage, Vietnam as the second largest import market, the textile and apparel for its industrial supporting relatively perfect, low production cost, labor, etc., most likely by order.

Trade frictions between China and the United States will help Vietnam take advantage of China's exports to U.S. textile and apparel orders, a serious challenge for China's textile and apparel companies.

Most exhibitors believe that, given the interests of domestic buyers, the United States will not add textiles and clothing to the tariff list.

The textile industry in the United States has already shrunk, hitting Chinese textiles imports and not directly helping American manufacturing.

And China, as the country with the most complete textile and garment industry chain, no country in the world can compete with it.

Another global layout, as China's textile industry in recent years, many Chinese companies have been in Vietnam and other southeast Asian countries layout, even if the tax on imports of Chinese textiles, also have a limited influence on such enterprise.

China and the United States have a long history of textile trade friction, and in the most difficult time, it did not stop the development of China's textile industry, but accelerated the upgrading of China's textile industry.

In the face of trade frictions between China and the United States, enterprises should accelerate the transformation and upgrading, strengthen themselves, see the big trend, and enhance their ability to resist risks.