Analysis of china-us cotton textile trade

As is known to all, cotton textile industry belongs to the labor-intensive industries, 2003-2012, our country the investment policy of relying on cheap labor costs and easing made golden decade of cotton textile industry rapid development, followed with the improvement of China's labor costs, cotton textile market gradually to southeast Asia, China cotton textile export situation began to shrink.
 
Needless to say, at present our country is still a textile and apparel exports the first big country, but since the 2008 financial crisis, our country pay more attention to the role of domestic demand, it is understood that in 2008 China's clothing sale in domestic market share reached 76%, our country textile clothing export 2.464 trillion yuan in 2017, domestic retail clothing shoes and hats, textiles, knitting, etc. 1.5655 trillion yuan, exports accounted for about 63.5%.

In recent years, the U.S. market in the proportion of China's textile export trade steady at around 16%, and with the U.S. economic recovery percentage increased gradually, our country textile clothing export gross $2017 in 268.583 billion, including 110.491 billion us dollars for textiles, $158.092 billion, a leading exporter to the United States, Japan, Vietnam, Hong Kong, China exported $45.393 billion in the United States, the United States for 16.9% of the total cotton textile clothing trade in our country.This year, the trend of clothing consumption recovery in the United States is obvious. In the first five months of 2018, the cumulative sales of clothing and accessories stores in the United States increased by 10.66% compared with the same period last year. This proportion is expected to continue to increase, while the demand in Japan is sluggish.
 
 
Therefore, it is foreseeable that the trade war between China and the United States will never end in haste, and both China and the United States are making adequate preparations for it. If the sino-us trade situation deteriorates further, the United States will restrict China's cotton textile exports with a high probability.

2019-02-25 17:16