WTO Points Out Four Characteristics Of Textile And Garment Trade Changes

According to the information released by the World Trade Organization (WTO), 2011 world

Product,

Import and export trade totaled US $1 trillion and 447 billion 743 million (according to standard international trade classification SITC65 and 84), followed by an increase of 17.1% in 2010.

From the perspective of the country, the European Union calculated the total trade volume of the textile industry by US $451 billion 243 million as a single trade volume, ranking the first place in the European Union. The 271 billion 98 million US dollars in the mainland and 132 billion 952 million US dollars in the US still live in second or third places.

Hongkong's $64 billion 85 million (including re export) insurance is fourth, but if the re export is eliminated, it is only 28 billion 860 million dollars, less than Japan (50 billion 759 million dollars), Turkey (35 billion 549 million US dollars) and India (33 billion 137 million US dollars), from sixth in 2010 to seventh.

The main characteristics of world textile trade in 2011 are:

Substantial growth is limited.

Last year world

Despite double-digit growth over the previous year, the price of textile raw materials has skyrocketed and led to the growth of downstream products. It is estimated that the average trade price of the overall trade of clothing will be increased by more than 10% in the whole year. For example, the average unit price of clothing imports in the United States will increase by 12.8%.

Therefore, the growth of world textile trade in the past year should be very limited.

Europe and the United States account for a continuous decline in world imports.

The largest market for textile imports in the world -- the European Union and the United States last year totaled 372 billion 196 million US dollars, accounting for 50.2% of the world's total imports, which has declined for three consecutive years (57.8% in 2009 and 54.1% in 2010), compared with 62% in 2005 when the global quota system was abolished.

Among them, the EU dropped from 41.2% to 34.8%, and the United States dropped from 20.8% to 15.4%.

It reflects that the mainland and emerging exporting countries have taken over some of the share in Europe and the United States.

Growth of emerging export countries

The EU, the second largest exporters in the world, grew by 14.7% last year, and the share of world exports continued to decline from 27.6% last year to 27.3%, while the number of mainland China increased by 20.1%, from 34.3% to 35.2%.

New export countries such as Bangladesh, Vietnam, Sri Lanka and Kampuchea increased by more than 20%, accounting for the increase in world share and ranking.

Hongkong exports continue to shrink

With the decline of Hongkong's textile and garment manufacturing industry, the export of Hong Kong's textile products last year was only 563 million US dollars, a decrease of 15.7% compared with 2010, and the ranking of world exports dropped from 42 to 42 in 2010.

For example, including the re export, the whole of Hongkong's spinning and weaving industry.

It also increased by only 1.2%, far less than the world total increase of 17.1%.