Exports Of Natural Fiber Products With Overall Sluggish Growth In Vietnam

In the first 4 months of this year, China

Exports of products were sluggish and exports decreased by 12.6% compared with the same period last year. The main export markets were Hongkong, Vietnam and the European Union. The total exports to the above three markets accounted for 36.7% of the total exports of natural fiber products in the same period.

Exports to Hongkong and EU have declined significantly, but exports to Vietnam still grow.

According to the project feasibility analysis report, in the first 4 months of this year, China exported 1 billion 20 million and 630 million US dollars of natural fiber products to Hongkong and the EU respectively, down 17.8% and 28.4% compared to the same period last year, and exported 680 million US dollars to Vietnam, an increase of 4% over the same period last year.

It can be seen that the cost of China's textile industry is constantly rising and the international market is facing China.

Product trade barriers continue to strengthen, China's textile and clothing export advantage is gradually being replaced by low labor cost countries such as Vietnam, so Vietnam's demand for natural fiber raw materials imported from China continues to grow.

From the main varieties of natural fiber exports, various types

Export ranks the top among varieties.

Among them, there were mainly 14 varieties of exports exceeding US $100 million in the first 4 months.

From the perspective of export enterprises, the export concentration of natural fiber products in China is relatively low. The total export volume of the top 10 enterprises in the export volume accounts for only 8.4% of the total export volume of the same period. Among them, the amount of natural fiber products exported by Wei Qiao textile Limited by Share Ltd, the first place in the list, dropped by 65.3% over the same period last year.