The import value of 6 categories of textile and clothing products imported by the United States from China fell by more than 50% year-on-year

The import value of 6 categories of textile and clothing products imported by the United States from China fell by more than 50% year-on-year

According to data from the U.S. Department of Commerce, from January to November 2008, the United States imported a total of US$30.433 billion in textiles and clothing from China, a year-on-year increase of 0.62%, accounting for 35.12% of the total textile and clothing imports from the United States. Overall, my country’s textile and apparel share of the U.S. import market has increased compared with the same period last year, but the import volume and market share of some products have declined year-on-year. Among them, category 237 (cotton or artificial fiber play clothes), category 300 (carded cotton yarn), category 613 (artificial fiber plain cloth), category 645 (artificial fiber men’s sweater), category 733 (silk men’s suit) The import value of six categories of products, including coats) and Category 850 (skirts made of silk and plant fiber), fell by more than 50% year-on-year, and the market share of five categories of products fell by more than 10 percentage points.

The specific situation is as follows:

There are two main reasons for the significant year-on-year decline in the above six categories of products:

First, the import market demand for U.S. textile and apparel products has shrunk. In 2008, affected by the economic downturn, the United States’ overall demand for textile and apparel imports was weak. From January to November, the United States imported US$86.656 billion in textiles and clothing, a year-on-year decrease of 3.27%. Imports of most categories of products showed a negative growth trend. The above-mentioned six categories of products have all shown a serious shrinkage trend from imports. Among them, imports of category 237 dropped by 32.98% year-on-year, category 300 dropped by 33.15%, category 613 dropped by 46.59%, category 645 dropped by 38.58%, category 733 dropped by 44.98%, and category 850 dropped by 48.77%.

Secondly, some products from other countries have replaced our market share. Affected by multiple pressures such as the continued rise in factor costs, the appreciation of the RMB, international trade frictions, and the rise of the textile industry in neighboring countries, my country’s textile and apparel industry has become increasingly competitive in the international market, resulting in the loss or transfer of orders, resulting in a partial loss of China’s exports to the United States. Product market share has shrunk severely. Among them, the most competitive ones are Category 237 and Category 645. From January to November 2008, the market share of Category 237 products imported by the United States from my country dropped by 16.10 percentage points compared with the same period last year, while the market share of similar products imported from Guatemala It increased by 6.96 percentage points compared with the same period last year. The market share of similar products imported from India and the Philippines also increased by 2.61 percentage points and 2.51 percentage points respectively. During the same period, the market share of the 645 categories of products imported by the United States from my country fell by 10.30 percentage points. The market share of similar products imported from Jordan increased by 9.26 percentage points, and the market share of similar products imported from Mexico and Indonesia increased by 4.15 and 5.8 percentage points respectively.

The above situation reflects that some of my country’s textile and apparel products no longer have a competitive advantage in exporting to the United States. If this momentum continues, more products may be in danger of losing their international market share for many years. Therefore, on the one hand, my country’s textile and apparel industry must actively increase the added value of its products to adapt to international market demand; on the other hand, it must widely explore other market channels to diversify business risks.

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There are two main reasons for the significant year-on-year decline in the above six categories of products:

First, the import market demand for U.S. textile and apparel products has shrunk. In 2008, affected by the economic downturn, the United States’ overall demand for textile and apparel imports was weak. From January to November, the United States imported US$86.656 billion in textiles and clothing, a year-on-year decrease of 3.27%. Imports of most categories of products showed a negative growth trend. The above-mentioned six categories of products have all shown a serious shrinkage trend from imports. Among them, imports of category 237 dropped by 32.98% year-on-year, category 300 dropped by 33.15%, category 613 dropped by 46.59%, category 645 dropped by 38.58%, category 733 dropped by 44.98%, and category 850 dropped by 48.77%.

Secondly, some products from other countries have replaced our market share. Affected by multiple pressures such as the continued rise in factor costs, the appreciation of the RMB, international trade frictions, and the rise of the textile industry in neighboring countries, my country’s textile and apparel industry has become increasingly competitive in the international market, resulting in the loss or transfer of orders, resulting in a partial loss of China’s exports to the United States. Product market share has shrunk severely. Among them, the most competitive ones are Category 237 and Category 645. From January to November 2008, the market share of Category 237 products imported by the United States from my country dropped by 16.10 percentage points compared with the same period last year, while the market share of similar products imported from Guatemala It increased by 6.96 percentage points compared with the same period last year. The market share of similar products imported from India and the Philippines also increased by 2.61 percentage points and 2.51 percentage points respectively. During the same period, the market share of the 645 categories of products imported by the United States from my country fell by 10.30 percentage points. The market share of similar products imported from Jordan increased by 9.26 percentage points, and the market share of similar products imported from Mexico and Indonesia increased by 4.15 and 5.8 percentage points respectively.

The above situation reflects that some of my country’s textile and apparel products no longer have a competitive advantage in exporting to the United States. If this momentum continues, more products may be in danger of losing their international market share for many years. Therefore, on the one hand, my country’s textile and apparel industry must actively increase the added value of its products to adapt to international market demand; on the other hand, it must widely explore other market channels to diversify business risks.

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.

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