Rising ASEAN: Fourth Black Horses In China'S Textile Export Market
In the first three quarters of this year, ASEAN officially surpassed Hongkong and became China.
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The fourth largest export market and the rapid growth of China's export to ASEAN indicate that the effect of bilateral tariff reduction in China ASEAN free trade area is gradually emerging.
The latest statistics from the Statistics Center of China Textile Industry Association show that China's exports to ASEAN increased by 41.3% in the first half of September this year, an increase of nearly 3 percentage points over the same period last year.
Exports of textiles and clothing increased by 41% and 42.2% respectively over the same period last year.
Insiders said that despite China's textile products to ASEAN
clothing
Exports have shown a good momentum, but with the cost competitiveness of ASEAN and other Southeast Asian countries highlighted, there is also a competitive relationship between China's textile exports and these emerging trading partners.
In recent years, Southeast Asian countries, represented by Vietnam, Indonesia and Bangladesh, have shown good export momentum.
According to WTO statistics, from 1990 to 2009, Bangladesh's clothing exports accounted for 0.6% of world clothing exports from 3.4% to 3.4%. From 2000 to 2009, Vietnam's clothing exports accounted for 0.9% of world garment exports to 2.7%.
In addition, in August of this year, according to the US Department of Commerce, Bangladesh, Vietnam and Indonesia showed better exports to the United States than China.
The experts believe that these countries have the advantage of low labor cost and high quality in the field of garment processing. Therefore, it is also proper to obtain a large number of international clothing orders. However, statistics in recent years do not impede the development of China's garment industry, let alone replace them completely or pose a major threat.
Moreover, the development of garment processing industry in these countries has led to China's related aspects.
accessories
Export is a good thing for the exportation enterprises.
On the whole, China and these countries maintain a trade partnership with cooperation and competition.
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