According to China Customs statistics, in July 2023, the total import and export of fabrics in China was 5.48 billion US dollars, down 17.7% year-on-year. Among them, the export was 5.24 billion US dollars, down 17.6%; Imports were US $240 million, down 19.3% year on year. From January to July 2023, the import and export value of fabrics in the country was 39.19 billion US dollars, down 12.5% year-on-year. Among them, the export value was 37.61 billion US dollars, down 12.2% year-on-year; Imports were $1.58 billion, down 18.6 percent from a year earlier. China's fabric trade is mainly exported, accounting for nearly 90%. In recent years, with the continuous enhancement of China's independent research and development capability of fabrics, some high-end fabrics monopolized by Europe, America and Japan in the past have achieved independent production, and the import of fabrics in China has declined year by year.

1. Export situation

From January to July, the cumulative export of textile and apparel was 181.67 billion US dollars, down 10.5% year-on-year. Among them, the cumulative value of textile exports fell by 12.2%, and clothing exports fell by 8.8%. Four categories of commodity exports all fell, home textiles and woven clothing fell relatively small, respectively 3.8% and 8.9%, of which the intermediate yarn and fabric fell larger, respectively 12.9% and 12.2%, intermediate products pulled down the overall textile and clothing exports.

Asia is the main market for my fabric exports. From January to July, I exported 24.66 billion US dollars of fabrics to Asian countries, accounting for 65.6% of the total fabric exports. Asia accounted for eight of the top 10 target market exports. Vietnam, as the largest single market for our fabric exports, accounted for 15.6% of our fabric exports to the world, with exports of $5.9 billion, down 13.1% year-on-year.

From January to July, exports in the top ten markets all fell, with a double-digit decline. Among them, Bangladesh's decline continued to expand, with exports of $3.02 billion, down 26% year-on-year.

The export of woven fabrics made of cotton and chemical fiber decreased

From the perspective of major products, from January to July, the exports of chemical fiber woven fabrics and cotton products were 164.9 billion and 5.73 billion US dollars, respectively, down 6.1% and 22.2%. Silk woven fabric exports were 220 million US dollars, down 19.8%; The export value of wool and animal wool woven fabrics was $190 million, down 8.2%.

Exports of the top five exporting provinces and cities all fell

The southeast coast is the main area of fabric exports, Zhejiang, Jiangsu, Guangdong, Shandong and Fujian, the top five export provinces accounted for more than 85%. All provinces and cities saw a decline in exports, with the exports of Zhejiang, Jiangsu, Guangdong, Shandong and Fujian falling by 7.6%, 20.2%, 25.7%, 15.5% and 40.8%, respectively.