Faced with the dual impact of the return of manufacturing in developed countries and the increased competitiveness of emerging markets, textiles and apparel (including textile yarns, fabrics and products, clothing, and clothing accessories), Shaoxing’s main export product, still achieved steady growth last year. According to statistics, Shaoxing’s textile and clothing exports last year were US$18.9 billion, an increase of 9.8% over the same period last year.
“Last year, there was a recovery trend in textile and clothing exports. Exports hit record highs in a single month in the middle of the year, and exports continued to remain high at the end of the year.” A customs official from Shaoxing Customs told reporters that in June, July and August last year, Shaoxing The city’s textile and apparel industry has continuously hit record highs in single-month exports; by December, it also achieved exports of US$1.8 billion, and its monthly export value was the third highest point last year.
It is worth mentioning that nearly 80% of exports come from private enterprises. Last year, Shaoxing’s private enterprises exported US$15.01 billion in textiles and clothing, an increase of 12.1%, accounting for 79.4% of Shaoxing’s total textile and clothing export value during the same period.
In addition, Latin America and Africa are also our city’s top two export markets, and exports to the European Union, the United States, etc. have also seen steady growth. Among them, Shaoxing’s textile and clothing exports to Latin America were US$2.98 billion, a decrease of 0.6%, making it the largest export market; its textile and clothing exports to Africa were US$2.71 billion, an increase of 2.2%; its textile and clothing exports to the EU were US$2.65 billion, an increase of 12.8%; The United States exported US$2.1 billion in textiles and apparel, an increase of 7.9%.
Analyzing the main reasons for the recent steady growth of Shaoxing’s textile and apparel exports, industry insiders believe that on the one hand, the capacity of major export markets such as Europe and the United States maintains a growth trend; on the other hand, various domestic policies to stabilize exports are also conducive to textile and apparel products exit.
