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In the past year, despite repeated outbreaks of COVID-19 and declining international demand, the export of semi-finished yarns and fabrics in China still achieved a good result of year-on-year growth. However, the growth rate of China's yarn and fabric exports for the whole of last year was significantly lower than in 2021. The relevant person in charge of yarn and fabric branch of China Textile Import and Export Chamber of Commerce recently held 2023 textile industry foreign trade outlook symposium, it is expected that in the case of large base and low external demand, China's yarn and fabric exports in 2023 or difficult to rise sharply.

Statistics show that in 2022, China exported 85.65 billion dollars of yarn fabrics, up 7.7 percent year on year. Among them, yarn export was 15.04 billion US dollars, up 8.4% year on year; Fabric exports were $70.61 billion, up 7.5 percent year on year. "In the first half of last year, exports of semi-finished goods such as yarn and fabrics, intermediate goods and finished goods such as clothing maintained a year-on-year growth trend. In the second half of last year, exports of these products began to decline. Clothing products, in particular, suffered from a contraction in external demand, with exports falling sharply in September-December. Yarn fabric exports fell in October - December, the decline widened month by month. In the case of yarn, exports edged down 0.2 per cent year-on-year in October 2022, 11.4 per cent year-on-year in November and 22.4 per cent year-on-year in December." The person in charge said.

Last year, ASEAN was the main export market for semi-finished products of China's yarn and fabric, accounting for 32%. South Asia ranked second, fifth and sixth, respectively, with a cumulative export of 14.84 billion US dollars, accounting for 17%. It can be seen that the cumulative proportion of ASEAN and South Asia basically reached 50%. "In 2018, the market share of ASEAN and South Asia was only 44%, an increase of 6 percentage points in five years. This is largely due to the continuous growth of demand for China's yarn and fabric products after the rapid growth of ASEAN and South Asia's textile and apparel market share in the United States and the European Union," said the official.

The export of Chinese yarns and fabrics to Vietnam, Bangladesh, Cambodia and Pakistan showed a declining trend. In the above person's opinion, on the one hand, by the United States and Europe and other countries market consumption power decline, high inventory, order shortage factors; On the other hand, due to the significant trade deficit in the above countries, their currencies depreciated, resulting in a sharp rise in import costs.

The global supply chain pattern has entered a stage of deep adjustment, showing a shift from global division of labor to intra-regional agglomeration, and a shift from highly centralized to diversified and nearshore layout. These characteristics are also reflected in the field of yarn and fabric. "Currently, the world has formed three manufacturing centers: East Asia, North America and Europe, among which intra-EU trade accounts for more than 70 percent, while Asian trade accounts for 58 percent. As a result, our export of semi-finished yarns and fabrics to the textile and apparel producing countries in these manufacturing centers has also maintained a rapid growth, among which the textile and apparel producing countries in North America and around Europe, such as Brazil (6th), Egypt (7th) and Italy (10th), are among the top 10 export markets of our yarns and fabrics." The person in charge said.

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