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

China Textile chamber of Commerce said at Canton Fair that between 2014 and September, China's textile and clothing trade reached 30 billion 910 million ($1, the same below), China

Exports account 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 from the European Union and the United States, while exports to Japan continue to be depressed, and exports to the United States grow steadily.

Export volume and price rose, and the growth rate of ASEAN exports slowed down.

Three is the simultaneous growth of exports of textiles and garments, but the price of cotton products has dropped.

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 accounts for only 4% and Vietnam accounts for only 2%, but it is estimated that some share of China's share will be seized in the next ten years.

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.

Through the TPP (p Pacific (601099, stock bar) partnership), we seek American help.

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.