Comparison Of China'S Textile Exports To The United Kingdom And The European Union

Britain's withdrawal from the EU will bring great impact to Britain's trade and economic cooperation with the EU and bilateral relations, which means that Britain needs to re negotiate economic and trade agreements with EU Member States.

Britain will lose its status as a member of the European Union and withdraw from the customs union and the single market.

Britain's departure from Europe will undoubtedly weaken the position of London's financial centre, causing funds to turn to hedge assets such as the US dollar and gold.

The British referendum won more than 16 million 800 thousand votes to win the final victory, and the British referendum chose to leave the European Union.

By the time of 6, all the 328 constituencies only had 8 constituencies for final votes, but the European bloc has won more than half of the 16 million 800 thousand votes, and has won 1 million 200 thousand votes in the European camp.

The final result of the referendum in Britain was to break away from the European Union.

If the pound and the euro fall rapidly and the European market is turbulent, the EU will have a significant impact on China's textile and clothing exports, and the market is worried that exports to the EU, especially the UK market, will be more volatile.

Let's take a look at the latest export dynamics and the impact of the market outlook.

The export of Chinese spun garments to Britain.

From the perspective of export countries and regions, according to customs data, China's textile and apparel exports to the UK in 2011 amounted to 7 billion 756 million US dollars, up 16.73% over the same period last year, accounting for 3.13% of the export market share, ranking fifth in the export list.

In the first half of April this year, China's textile and clothing exports to the UK amounted to 3 billion 161 million US dollars, up 0.91% over the same period last year, and the growth rate dropped significantly, but the share of the export market share rose to 4.08%, still ranking fifth in the export list.

It is not difficult to see that China's textile and apparel exports to Britain are not small, ranking the top five, which is more important.

Relationship.

If Britain breaks out of Europe, it will cause market turbulence and increase export risk, which will have a direct impact on China's textile and clothing exports.

In the first half of April this year, China's textile and apparel exports to the EU amounted to 13 billion 250 million US dollars, down 5.15% from the same period last year, and the growth rate dropped significantly, accounting for 17.10% of the total export market share, ranking third in the export list (the first Asian exports, accounting for 47.41%, right).

Exports accounted for second, accounting for 17.11%.

It can be seen that China's textile and clothing exports to the UK account for an increase in recent years due to the fact that the political and economic relations between China and Britain are active.

But in recent years, due to the European debt crisis, the EU's overall economy is sluggish and its market consumption is weak. The export of textiles and clothing to the EU has declined significantly, and its share has dropped significantly, but it still occupies a very important export position.

If the United Kingdom is out of Europe, a sharp rise in market instability will affect the export of textiles and clothing to the UK and EU, and the relevant export enterprises need to be vigilant.