Analysis Of The Export Market Of Light Textile Products In China

This year, China's foreign trade continues to be constrained by factors such as shrinking international market demand, rising domestic costs and other factors, continuing the downward trend of the fourth quarter of last year, and further reducing its growth rate to single digits.

Export of labour intensive products

The export of mechanical and electrical products grew steadily.

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Export growth was sluggish, exports of clothing, textiles and footwear increased by only 3.9%, 1.4% and 2.8%, respectively, and bags and exports decreased by 2.1%.

The total import and export volume of electromechanical products was 426 billion 800 million US dollars, an increase of 5.4% over the same period last year, accounting for 49.7% of the total foreign trade import and export volume of the same period.

Among them, imports of US $173 billion 800 million, an increase of 0.5%, accounted for 40.4% of the total imports of the same period; exports 253 billion US dollars, an increase of 9.1%, more than the overall growth rate of 1.5 percentage points, accounting for 58.9% of the total exports of the same period.

The export of products of "two high and one capital" has declined, and the number of finished oil and coal exports has decreased by 7.1% and 44.6% respectively.

The export of large coastal provinces is weak, and the foreign trade of central and Western China has maintained a relatively fast growth momentum.

Export growth in the eastern region was 5.6%, the lowest since the first quarter of 2012.

Among them, exports of Guangdong, Jiangsu, Zhejiang, Shanghai and Shandong increased by only 5.4%, 2.8%, 6.1%, 3.2% and 1.3% respectively.

With the promotion of the overall strategy of the national regional development and the planning of the main functional areas, the central and western regions have accelerated the pace of the coastal industrial pfer and the introduction of foreign investment, boosting the rapid growth of the foreign trade in the central and western regions.

Exports in the central and western regions increased by 23.7% and 30.1% respectively, higher than the 18.1 and 24.5 percentage points in the eastern region, while imports increased by 16.4% and 6.4% respectively, higher than the 10.1 and 0.1 percentage points in the eastern region.