India Vietnam'S Textile And Garment Exports May Seize China'S Share In The Next Ten Years

China

In the Canton Fair, the chamber of Commerce indicated that between 2014 and September, China's textile and clothing trade reached 30 billion 910 million (US dollars, the same below), and China's textile and garment exports accounted for about 36% of Global trade.

But it is expected that India and Vietnam will seize the share of China in the next ten years, and China's garment industry must accelerate its pformation.

China Textile chamber of Commerce pointed out that the characteristics of China's garment and textile industry in 2014 were:

First, the internal and external environment is stable, and textile and garment exports grow steadily.

The two is the growth of exports to the European Union and the United States, the continued downturn in exports to Japan, the steady growth in exports to the United States, and the rise in the volume of clothing exports.

Three, textiles and

To achieve simultaneous export growth, but the price of cotton products has declined.

Four is the decline in textile imports, the increase in clothing imports and prices.

Five, the decline in cotton imports is obvious, the difference between inside and outside cotton prices is narrowed, and the price of Khmer cotton is hard to sustain.

On the other hand, according to WTO data, the growth rate of textile and clothing exports in Vietnam and India over the past three years has been higher than the average growth rate in the world and China.

The textile chamber of Commerce said that during the Canton Fair, it was informed by the exchange of business associations and purchasers such as Vietnam and India that these countries wanted to seek more opportunities for development through the adjustment of China's industrial policy and develop textile and garment industry to solve their domestic employment.

Although China's textile and garment exports account for about 36% of the world's trade, India only accounts for 4%, while Vietnam accounts for only 2%, but it is estimated that China will take part in the next ten years.

Will be preempted.

It is estimated that in 2017, India's textile and clothing exports and domestic demand will reach 180 billion yuan, direct employment will increase by three million, and indirect employment will increase by more than four million.

Vietnam and other ASEAN countries are seeking investment from the United States to seek American help through the TPP (p Pacific (601099, stock bar) partnership).

The China Textile chamber of Commerce estimates that the global competitiveness of China's textile and apparel industry is still in the top place in the medium and short term, but it requires fierce competition, foothold in itself, resolutely upgrading and developing strategies, developing independent brands, expanding export base construction and accelerating the "going global" process.