Exhibitions
Statistics
China's Fabric Export Industry is Poised for Growth
From January to Augest, China's fabric exports volume rose 7.28 percent from a year earlier to 12.503 billion metres; Exports value rose 17.55 percent from a year earlier to 13.686 billion USD; And the unit price jumped to 1.09 USD/metre, 9% higher than previous year. The growth rate of exports volume, value and unit price in 2007 were -1.35%, 4.62% and 6.38% respectively. It is fair to say that China's fabric export industry is poised for Growth, after recovering from a slightly slowdown in previous year. (See chart 1 and table1)
Chart 1. China fabric export over the past few years (From January to Augest)
volume (100 million metres) value (100 million USD) price(USD/metre)
Table 1. China fabric Competitiveness Index (2000-2008)
|
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Jan.-Aug. 2008 |
|
fabric |
0.04 |
0.08 |
0.19 |
0.30 |
0.37 |
0.44 |
0.49 |
0.49 |
0.49 |
|
silk fabric |
0.53 |
0.58 |
0.60 |
0.62 |
0.67 |
0.72 |
0.76 |
0.79 |
0.79 |
|
wool fabric |
-0.45 |
-0.46 |
-0.38 |
-0.21 |
-0.10 |
-0.01 |
0.04 |
0.07 |
0.09 |
|
cotton fabric |
0.23 |
0.24 |
0.34 |
0.41 |
0.41 |
0.47 |
0.53 |
0.55 |
0.61 |
|
linen fabric |
0.58 |
0.57 |
0.47 |
0.41 |
0.43 |
0.51 |
0.56 |
0.58 |
0.66 |
|
chemical fibre fabric |
-0.11 |
-0.03 |
0.08 |
0.23 |
0.36 |
0.43 |
0.48 |
0.49 |
0.55 |
Diversifying export destinations, Benin becoming a hotspot
China fabric exported to more and more countries and regions in 2008, of which, 31 countries and regions achieved export value of over 1 million USD from January to Augest, 2008. Exports to HK (China), 27 EU Member States, Benin, Vietnam, Bengal, and United Arab Emirates exceeded USD 500 million.
Table 2. China��s fabric export by Country or Region (January to Augest of 2008)
|
Country or Region |
volume (100 million metres) |
value (100 million USD) |
Price (USD/metre) |
Volume Y-on-Y Change��%�� |
Value Y-on-Y Change��%�� |
Price Y-on-Y Change��%�� |
|
HK (China) |
9.97 |
14.93 |
1.5 |
-19.45 |
-7.59 |
14.5 |
|
27 EU Member States |
10.22 |
14.66 |
1.43 |
11.58 |
21.56 |
8.94 |
|
Benin |
7.87 |
7.70 |
0.98 |
34.58 |
59.52 |
18.07 |
|
Vietnam |
4.71 |
7.16 |
1.52 |
33.48 |
48.08 |
10.95 |
|
Bengal |
5.34 |
7.16 |
1.34 |
17.56 |
28.89 |
9.84 |
|
United Arab Emirates |
5.92 |
5.36 |
0.91 |
-7.93 |
7.01 |
16.67 |
China export figures show that Benin has become China��s third biggest trade partner. Why is Benin growing so fast? Benin is located in West Africa and constitutes a long stretch of hand perpendicular to the coast of the gulf of Guinea. It is bordered on the North by Burkina Faso and the Republic of Niger, on the East by the Federal Republic of Nigeria and on the West by the Republic of Togo. Benin traded with other African kingdoms and the West African Economic and Monetary Union (UEMOA- Established 10 January 1994 in Dakar, Senegal, on the eve of the devaluation of the CFA franc, UEMOA is composed of Benin, Burkina Faso, Côte d'Ivoire, Guinea BIssau, Mali, Niger, Senegal and Togo.). On the other hand, United States has become gloomy under the expanding impact of subprime lending crisis, which has affected its trade with Hong Kong. Meanwhile, the crisis in the US subprime mortgage market has a d effect on EU economy. So, benin is becoming a trade hotspot.
Although the fabric export structure kept being optimized in 2008, the quality and grade of the export goods got improved continuously, yet, there were still some problems to be solved imperatively
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