Shanghais exports to Russia plummeted by 20% in September, a year - on - year decrease of 4.3%, but the annual trade still maintained steady growth

From January to April 2024, in the face of multiple pressures, the overall export performance of Chinese clothing and home textile products remained stable. According to the statistics of the Chinese Customs, in the first four months, the cumulative export value of Chinese clothing (including clothing accessories) was 45.56 billion US dollars, a slight decrease of 0.4% year - on - year; during the same period, the cumulative export value of Chinese home textiles was 10.12 billion US dollars, an increase of 0.8% year - on - year. Industry insiders expect that despite the pressure, the export of Chinese clothing and home textile products will gradually stabilize and recover in the future.

In the first four months of this year, the export structure of Chinese clothing and home textile products has changed significantly. The export volume of knitted and woven clothing has increased by more than 10%, but the unit price has decreased significantly year - on - year. The export of towels and blankets has declined, while the export of other home textile product categories has increased.

Specific data shows that in the first four months, the export value of Chinese knitted clothing was 20.29 billion US dollars, an increase of 2.6% year - on - year; the export volume was 6.57 billion pieces, an increase of 10.1% year - on - year; the export price decreased by 6.8% year - on - year. The export value of woven clothing was 19.6 billion US dollars, a decrease of 2.4% year - on - year; the export volume was 4.18 billion pieces, an increase of 10.8% year - on - year; the export price decreased by 11.9% year - on - year. The export value of clothing accessories was 4.15 billion US dollars, a decrease of 6.2% year - on - year.

China Textilesimport and exportThe relevant person in charge of the Clothing Branch of the Chamber of Commerce pointed out that there are many reasons for the increase in the export volume and decrease in the price of knitted and woven clothing: first, the export price increased significantly in the same period last year; second, although the international market demand has recovered, low - priced products are more attractive in the market; finally, the proportion of products with a lower unit price in exports has increased.Cross-border E-commerceFrom the perspective of specific categories, the export of knitted T - shirts, shirts, underwear, bedding, tablecloths, toilet and kitchen textiles has increased rapidly, while the export of outerwear, blankets, and towels has declined significantly. Data shows that in the first four months, the export of Chinese knitted T - shirts increased by 27.2% year - on - year, the export of shirts increased by 9.3% year - on - year, the export of overcoats/down jackets and suits/leisure suits decreased by 20.4% and 11.1% respectively, and the export of towels decreased by 19.3% year - on - year.

Since the beginning of this year, the export market of Chinese clothing and home textile products has shown some new characteristics. The export to the European and American markets has gradually stabilized, while the export to some emerging markets has grown rapidly.

Data shows that in the first four months, Chinas export value of clothing to the United States was 9.28 billion US dollars, an increase of 0.3% year - on - year; the export value of home textile products reached 3.13 billion US dollars, an increase of 8.1% year - on - year. The export value of clothing to the EU was 6.55 billion US dollars, a decrease of 0.8% year - on - year; the export value of home textile products was 1.22 billion US dollars, an increase of 6.4% year - on - year.

Although the share of Chinese clothing in the US and European markets has rebounded, its share in the Japanese and Australian markets has declined. Data shows that in the first three months, the share of Chinese clothing in the US import market was 21.3%, an increase of 1.8 percentage points year - on - year; the share in the EU was 26.5%, an increase of 1.3 percentage points year - on - year; the share in Japan was 47.4%, a decrease of 2.6 percentage points year - on - year; the share in Australia was 58.4%, a decrease of 1.4 percentage points year - on - year.

Chinas clothing exports to emerging markets such as Central Asia and ASEAN have maintained rapid growth. In the first four months, Chinas export value of clothing to the countries along the Belt and Road was 20.72 billion US dollars, an increase of 1% year - on - year; the export value of clothing to ASEAN was 5.21 billion US dollars, an increase of 4.3% year - on - year.

In addition, Chinas exports of home textile products to the five Central Asian countries and Latin America have also increased. Data shows that in the first four months, Chinas export value of home textile products to the five Central Asian countries was 300 million US dollars, an increase of 29.4% year - on - year; the export value of home textile products to Latin America was 580 million US dollars, an increase of 8.5% year - on - year.

At present, the complexity, severity and uncertainty of the external environment have increased significantly, and the recovery of external demand has not yet stabilized. The Chinese industry is facing many new problems. Recently,

The high cost of freight has increased the export costs of clothing and home textile products. Since mid - April, the sea freight price for Chinas exports has soared, reaching the highest level since September 2022. The China Export Container Freight Index released by the Shanghai Shipping Exchange shows that the freight rates of the European and American routes have broken through a 20 - month high.foreign tradeIn addition, the White House of the United States announced plans to impose tariffs on Chinese masks and other products, which will have an impact on the market for Chinese - made products.Maritime Transportation费居高不下，提高了服装和家纺产品的出口成本。4月中旬以来，中国出口海运价格涨势迅猛，创2022年9月以来最高纪录。上海航运交易所发布的中国出口集装箱运价指数显示，欧洲和美洲航线的运价突破20个月新高。

此外，美国白宫宣布拟对中国口罩等产品加征关税，这将对中国制造的产品for containers exported to the US市场产生影响。

Overall, Chinas clothing and home textile exports in March and April this year experienced a significant decline due to the high base last year. Since May last year, the base has been declining. Industry insiders expect that exports will gradually stabilize and pick up in the future. Facing many uncertainties and challenges, the Clothing Sub - chamber of the China Chamber of Commerce for Import and Export of Textiles suggests that Chinese clothing export enterprises should stabilize their share in traditional developed markets, improve the response speed of the supply chain and the integration ability of the value chain, and deeply explore regional markets such as developing countries and ASEAN.