Textile And Apparel Exports To The US In April Have Dropped Sharply, And The Market Outlook Is Not Optimistic.

In the first two months of the first quarter of the 12.9% quarter, my exports to the United States dropped by 12.9% to two digits. This is rare in recent years. Even in the low tide period of 2015 and 2016, the decline in exports to the United States was less than 5% during the same period. In early May, the United States announced that it had raised the tariff rate of $200 billion on Chinese products to 25% since May 10th (and then extended to mid 6), and threatened to impose a 25% tariff on the remaining about 300000000000 US dollars at the end of June and July. It is preliminarily estimated that, in 5-6 months, I will pick up a certain extent on the export of the United States clothing and home textiles, but once the tariff is formally added, the export will face a greater decline, and the negative growth of the export will be inevitable.

In 1-4 months, I exported $12 billion 80 million to the US, a decrease of 6.5%, a drop higher than that of the European Union and ASEAN. Among them, textiles decreased by 6.2%, clothing decreased by 6.7%, and the total export volume of needle woven garments of large categories decreased by 1.3%, and the export average price dropped by 5.3%.

In the 1-4 month of 2019, the United States imported 38 billion 950 million dollars from the world's total textile products, an increase of 4.2%, of which $11 billion 940 million was imported from China, a decrease of 1.5%. Imports from ASEAN, India and Bangladesh increased by 9.1%, 6.9% and 12.6% respectively. The proportion of Chinese products in the US market is 30.7%, down 1.8 percentage points from the same period in 2018. It is estimated that the rate of decline will be further accelerated after tax increases.