Exports maintained a modest growth
From January to July, China's exports of home textile products amounted to US$18.83 billion, a slight increase of 1.9% year-on-year, with a cumulative increase of 1.7 percentage points over the previous month.
From the perspective of specific products, blankets, tableware, and kitchenware exports to maintain rapid growth, an increase of 15%-28%, towels, carpets, and other decorative products exports maintain a small increase of 2%-6%, bedding, and curtain exports fell, down 3% and 12.9% respectively.
After the unsealing of the global epidemic, the effect of "home consumption" weakened,
home consumption was replaced by out-of-home consumption, blankets, tablecloths and other home textile products that can be used in outdoor picnics and trips are more popular, bedding and curtains and other home consumer goods since the second quarter of this year, exports have always been on a downward trend.
2
Exports to the United States, Europe, and Japan remained stable overall
Exports to ASEAN grew faster
In the first seven months, home textile exports to the United States were 6.16 billion U.S. dollars, a slight drop of 0.71%, the cumulative decline and last month basically the same; exports to the EU were 2.54 billion U.S. dollars, an increase of 2.5%, the cumulative increase of 0.9 percentage points higher than last month; exports to Japan 1.6 billion U.S. dollars, an increase of 1.6%, compared to last month turned down for up.
Other major markets, exports to ASEAN, Africa, and other "Belt and Road" countries/regions to maintain growth, an increase of 18.3% and 3.1% respectively, exports to a single country, the United Kingdom and South Korea fell sharply, down 20% and 12.5% respectively.
3
Yangtze River Delta provinces and cities' exports gradually recovered
The cumulative rate of decline narrowed month by month
Zhejiang, Jiangsu, Shandong, Shanghai, and Guangdong are among the top five home textile export provinces and cities in the country. 1-7 months,
Shandong and Guangdong exports maintain steady growth, an increase of 7.9% and 8.8%, the cumulative growth rate of 1.2 and 1.1 percentage points higher than last month; Zhejiang exports turned down to rise, a slight increase of 0.2%; Jiangsu and Shanghai exports fell, down by 3.6% and 11%, the cumulative The rate of decline narrowed month by month, 2.1 and 4.9 percentage points narrower than last month, respectively, after the unsealing of the epidemic, exports gradually recovered.
Other provinces and cities, Tianjin, Hunan, Hubei, Xinjiang, and Shaanxi, and other provinces and cities export grow faster, an increase of 20%-120%.
4
China's share of the main market share of the United States, Europe, and Japan have been slightly increased
GTF statistics show that from January to June, the U.S. imports of home textile products 9.5 billion U.S. dollars, an increase of 2%, and the cumulative growth rate narrowed by 2.9 percentage points over the previous month. China tops the list of imports, with imports of $4.08 billion, up 2.3%, the cumulative growth rate narrowed by 4.2 percentage points over the previous month, accounting for 42.8% of the U.S. import share, basically unchanged from the same period last year. In other countries, the United States from Pakistan and Vietnam imports grew faster, by 14% and 34%, respectively.
From January to June, the EU imported home textile products of 5.89 billion U.S. dollars, an increase of 15.3%, and the cumulative growth rate was basically the same as last month. China tops the list of imports, with imports of $ 2.08 billion, up 15.2%, the cumulative growth rate narrowed by 2.7 percentage points over the previous month, accounting for 35.3% of the EU's import share, basically unchanged from the same period last year. Among other countries, the EU imports from Pakistan, Bangladesh, and Vietnam grew faster, by 29.8%, 31.4%, and 38.5% respectively.
From January to June, Japan's imports of home textile products 1.68 billion U.S. dollars, an increase of 2%, a cumulative growth rate of 0.2 percentage points higher than the previous month. China topped the list of imports, with imports of $1.25 billion, up 2.3%, the cumulative growth rate was basically the same as last month, accounting for 74.4% of Japan's import share, 0.2 percentage points higher than the same period last year. Among other countries, Japan's imports from Vietnam grew relatively fast, with an increase of 6.4%.
5
U.S. back-to-school season sales are booming
But the overall consumer spending in inflation is still growing weakly
In July, the U.S. back-to-school season sales are booming, with spending on household goods expected to reach $10 billion, with purchasing channels mainly online and in department stores, with another majority of consumers planning to purchase on Amazon member sale days.
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