The future of China's textile and apparel industry: global strategic layout

On March 1, Cao Jiachang, chairman of the China Chamber of Commerce for Import and Export of Textiles, said at the 29th China East China Import and Export Fair that China's textile and garment industry is accelerating its global strategic layout, mainly investing in Vietnam, Bangladesh and other countries. Factory etc. The share of China's textile and apparel in the three markets of the United States, Europe and Japan has declined slightly, but there is no need to worry. What is the reason? Cao Jiachang said that in fact, most of the incremental part of Vietnam, Bangladesh and other countries is the export share generated by Chinese-funded enterprises investing overseas or going out to build factories. Cao Jiachang said that in order to find a depression in the global value chain and adapt to the changes in the demand for orders in the international market, China's textile and garment industry is currently making strides to promote the strategic layout of globalization. Its model mainly includes overseas investment in setting up factories, looking for strategic partners, opening branches to realize product display and overseas orders, and speeding up the construction of overseas warehouses. and present. In 2018, the national textile and garment export was 276.73 billion US dollars, a year-on-year increase of 3.7%, and the import was 26.14 billion US dollars, a year-on-year increase of 6.4%. In terms of items, in 2018, China's textile exports were US$119.1 billion, a year-on-year increase of 8.1%; apparel exports were US$157.63 billion, a slight increase of 0.3% year-on-year. It can be seen that China's textile and garment exports show a trend of growth in upstream product exports and a slowdown in downstream product exports. Cao Jiachang said that this is the result of the transfer of China's garment manufacturing industry and the increased demand for Chinese yarns and fabrics in neighboring low-cost garment producing countries due to the incomplete industrial chain. According to statistics, in 2018, China's yarn and fabric exports to Vietnam and Bangladesh soared by 19.3% and 21.5%, respectively. Cao Jiachang said that the textile and garment industry should fully recognize the many difficulties faced by the current industry development. In particular, the Sino-US trade friction will have a profound impact on the future development of the industry.“At present, although the main export products such as clothing and home textiles are not included in the disputed products, in order to avoid risks, American customers have clearly asked suppliers to take precautions and gradually transfer production, especially for long-term orders and long-term orders that do not require high delivery speed. Even more so.”Cao Jiachang said. In 2018, China's textile and apparel exports to the three traditional markets of the European Union, the United States and Japan maintained growth, with an increase of 1.5%, 8% and 2.7% respectively. Also, yes“One Belt One Road”The exports of countries along the route have maintained growth for three consecutive years, with an increase of 5.3% in 2018, and exports to ASEAN increased by 11.7%, the fastest growth among major markets. Cao Jiachang said that the textile and garment industry should also focus on the integration of domestic and foreign trade development. With the country's supply-side and consumption-side reforms, as well as the growing maturity and steady improvement of the domestic consumer market, more and more traditional foreign trade companies have begun to undertake some domestic high-quality orders. Leverage the e-commerce platform to be an excellent supplier in the domestic consumer market, and vigorously develop the domestic market. More about: Textile Instruments
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