The competitive advantage of the industry has not changed, and there is still huge room for China’s textile and clothing exports to the United States
The United States is one of the largest markets for China’s textile and clothing exports. According to China Customs statistics, from January to November 2008, China’s exports of textiles and clothing to the United States still showed a slight growth trend. The export value of textiles and clothing reached US$23.5 billion, a year-on-year increase of 2.14%, of which the textile export value was US$6.27 billion, a year-on-year increase of 12.12%. , clothing exports reached US$17.2 billion, a year-on-year decrease of 1.07%.
According to statistics released by the Office of Textiles and Apparel (OTEXA) of the U.S. Department of Commerce, from January to September 2008, the United States imported 38.34 billion square meters of textiles and apparel, a year-on-year decrease of 4.8%, with an amount of US$70.79 billion, a year-on-year decrease of 3.0%; from China Imports were 15.65 billion square meters, a year-on-year decrease of 2.7%, and the amount was US$24.37 billion, a year-on-year decrease of 0.2%. China’s share of the total import volume of the United States increased from 40.0% in the same period last year to 40.8% this year, and its share of the total import value increased from 33.5% in the same period last year to 34.4% this year.
It can be seen from the data released by China and the United States that although the demand for textile and apparel products in the US market is declining due to the impact of the financial crisis, the United States is still a large consumer market for textiles and apparel. At the same time, it can also be seen that the U.S. textile and apparel market is highly dependent on China. The U.S.’s textile and apparel products imported from China are at the top in both quantity and value, and the market share is also showing a growing trend.
Xu Yingxin, vice president of the Textile Industry Branch of the China Council for the Promotion of International Trade, said that Chinese textile and apparel products still occupy a large part of the U.S. textile and apparel market. The main reason is that after years of development, China’s textile and apparel industry has improved its industrial technology level, product quality and quality. Through continuous industrial upgrading and adjustment, great progress has been made and a complete industrial chain has been established. In November 2008, China’s apparel exports accounted for 54% of the U.S. apparel import market, accounting for more than 50% for the first time, and export unit prices have generally increased. This shows that although China’s textile and apparel industry has increased prices due to rising costs, American consumers are still highly dependent on Chinese products.
Data for 2008 show that China’s textile and apparel exports to the United States are still growing. It’s just that because they were accustomed to high growth in the past, some export companies experienced a huge psychological gap after the decline in demand caused by the financial crisis and the slowdown in export growth.
In 2009, China’s economy will still maintain a growth rate of 8%. In the eyes of the outside world, China is still in a period of rapid economic development. The market structure of Chinese textile and apparel products in the United States will not change due to the financial crisis. The U.S. market remains an important market for China now and in the future. Because the United States is a large economy with a GDP of 14 trillion US dollars, its economic level and population size determine that even if the economy is in recession, basic consumption for daily life such as textiles and clothing must still be available. Moreover, the pattern of U.S. textile and apparel products being highly dependent on imports will not change.
Xu Yingxin also said that although Chinese companies are now encountering lower-priced competitors such as India and Vietnam in the United States, and the market shares of India, Vietnam and other countries in the United States are gradually expanding, China has no advantages compared to these countries. Comparable industrial advantages. Many cases show that Indian products are cheaper than China, but they cannot compare with China in terms of product quality and trade reliability. Vietnam’s products are also cheaper than China’s, but Vietnam’s infrastructure and industrial supporting facilities cannot compare with China’s. The shares of these two countries in the US market have grown rapidly in recent years, but there is still a big gap between them and China.
In addition, on December 31, 2008, the quota for textiles exported to the United States was officially cancelled, ushering in the long-awaited era of quota-free exports of Chinese textiles and apparel to the United States. The 34 categories of products previously subject to quota restrictions, including cotton knitted shirts, cotton pants, and socks, are products that American consumers must consume. During the period of quota restrictions, they were also in-demand commodities exported from China to the United States. The United States imposed unilateral restrictions on China. The quantity given is small, such as cotton knitted shirts, cotton trousers and other sensitive and in-demand categories. The clearance rate calculated by China Customs has remained close to 100%. Quota commodities are popular products exported from China to the United States. They are also products that Chinese companies export to the United States with mature quality, room for price increase, easy delivery, and relatively easy transactions. The elimination of quotas for these products has given my country’s export enterprises room for stability, predictability, and sustainable expansion.
Xu Yingxin emphasized that Chinese companies should take advantage of the financial crisis to hone their internal skills and adjust their positioning in the export market. The past low-profit model based on quantity and bulk goods must be transformed into a business model of small batches, multiple varieties, differentiation, and high efficiency. Xu Yingxin said that under the severe situation in 2008, the export performance of all enterprises with independent innovative products and small batch and differentiated products was still growing. This is the direction for Chinese enterprises to transform their trade growth patterns in the future. In the future, the market will become more and more segmented, and the era of extensive trade in which big and small take all is long gone. China wants to occupy a higher level of market share in segmented markets. Many low-end products are no longer produced after the upgrading of China’s textile and apparel industry. In the process of China’s transformation from a major textile country to a powerful textile country, the positioning of its export market must also change. For the U.S. market, Chinese companies must rely on independent innovation and differentiated products to occupy the market they deserve in the future.��Share. Past US exhibitions have also proven that companies that bring large-scale products to the exhibition are not effective. Companies with innovative products and differentiated products can always obtain trade opportunities at the exhibition. AAFYYTRUYJY76I
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