Maintain composure and take multiple measures!
According to statistics from the General Administration of Customs, the cumulative export of clothing (including clothing accessories, the same below) in China from January to April was 44.62 billion US dollars, a year-on-year decrease of 1.5%. In April, China's clothing exports to the world decreased by 0.5% year-on-year, with exports to the United States decreasing by 18.1% and exports to non US markets increasing by a total of 4.1%.
Export situation
Export volume increases, price decreases
From January to April, woven clothing exports amounted to 19.09 billion US dollars, a year-on-year decrease of 2%; The export quantity was 4.52 billion pieces, an increase of 8.6%; The export unit price decreased by 9.8%. Knitted clothing exports amounted to 19.76 billion US dollars, a decrease of 2.1%; The export quantity was 7.22 billion pieces, an increase of 10.4%; The export unit price decreased by 11.3%. The export of clothing accessories reached 4.21 billion US dollars, a year-on-year increase of 1.7%.
From January to April, exports of pants, shirts, sweaters, and gloves grew rapidly, increasing by 5.4%, 1.1%, 8.7%, and 6.7% respectively. The exports of coats/cold coats, underwear/pajamas, knitted T-shirts, and bras decreased by 5.2%, 6.3%, 11.3%, and 12.4%, respectively.
Slowing exports to the United States and rebounding exports to the European Union
From January to April, China's clothing exports to developed Western economies (the United States, Canada, Europe, the United Kingdom, Japan, Australia, and New Zealand) amounted to 24.2 billion US dollars, a year-on-year increase of 3.3%. From January to April, clothing exports to the United States amounted to 9.44 billion US dollars, a year-on-year increase of 2%, accounting for 21.2%. Exports to the European Union amounted to 6.99 billion US dollars, a year-on-year increase of 7.4%, accounting for 15.7%. Exports to Japan amounted to 3.89 billion US dollars, a year-on-year increase of 1.5%, accounting for 8.7%. Exports to the UK amounted to 1.37 billion US dollars, a year-on-year increase of 5.9%. Exports to Canada amounted to 780 million US dollars, a year-on-year increase of 14.4%. Exports to Australia amounted to 1.51 billion US dollars, a year-on-year decrease of 8.1%.
From January to April, China's exports to countries jointly building the Belt and Road Initiative amounted to 19.26 billion US dollars, a year-on-year decrease of 6.7%. Exports to ASEAN amounted to 4.15 billion US dollars, a significant decrease of 19.3%, accounting for 9.3%. Exports to the five Central Asian countries amounted to 3.01 billion US dollars, a significant year-on-year decrease of 26.1%. Exports to South Korea amounted to 2.12 billion US dollars, a year-on-year increase of 4.7%. Exports to Russia amounted to 970 million US dollars, a year-on-year decrease of 0.5%. Exports to Latin America amounted to 3.16 billion US dollars, a year-on-year increase of 17.5%. Exports to Africa amounted to 2.61 billion US dollars, a year-on-year increase of 4.4%. Exports to the six countries of the Gulf Cooperation Council amounted to 1.36 billion US dollars, a year-on-year decrease of 11.1%.
In April, due to the impact of equivalent tariffs from the United States, exports to the United States fell significantly, with a year-on-year decrease of 18.1%. Exports to ASEAN decreased by 11.9% year-on-year. Exports to the European Union have seen a significant increase, with a year-on-year growth of 24.1%.
Zhejiang, Jiangsu, Shandong export growth, Guangdong and Fujian decline
From January to April, among the major coastal export destinations, Zhejiang's exports remained the first, with a year-on-year growth of 5.9%; Jiangsu, Shandong, and Shanghai's exports increased by 3.9%, 9%, and 6.5% respectively year-on-year. Guangdong and Fujian's exports decreased by 10.9% and 21.5% respectively year-on-year. The total proportion of exports from the "five provinces and one city" in the eastern region accounted for 75.3% of the national total, a year-on-year increase of 0.6 percentage points. The proportion of exports from 20 provinces and cities in the central and western regions to total exports was 21.1%, a year-on-year decrease of 0.6 percentage points. Among them, exports from Xinjiang decreased by 14.2% year-on-year, while exports from Guangxi increased significantly by 44.8% year-on-year.
China's market share in the United States has fallen below 20%
From January to March, China's share of US clothing imports was 19.8%, a decrease of 1.5 percentage points year-on-year; Accounting for 27.8% of the EU's clothing imports, an increase of 1.4 percentage points year-on-year; Accounting for 45.9% of Japan's clothing imports, a year-on-year decrease of 1.5 percentage points.
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