China prefers exporting value-added products. The country exported yarn worth $8.130 billion in the period which was 17.22 per cent of the total textile exports. Its fibre exports, valued at $1.903 billion, were mere 4.03 per cent of the total textile exports, according to Fibre2Fashion’s market insight tool TexPro.
China exported man-made textile products worth $30.585 billion in January-June 2022, which was 64.78 per cent of its total textile exports. It shows the dominance of China in the man-made textile industry. Man-made textiles mainly comprise polyester, viscose, and acrylic products.
Fabric constituted 78.75 per cent of the total textile exports of the world’s largest textile exporter China during the first half (H1) of 2022. It exported fabric worth $37.183 billion in this period, while its total textile exports were valued at $47.217 billion. Numerous small garment-exporting countries are dependent on China for upstream products.
China’s cotton textiles exports were valued at $10.218 billion (21.64 per cent) in the period under review. The exports of textiles made from wool and animal hair were at $1.175 billion (2.49 per cent), silk at $482.902 million (1.02 per cent), flax at $384.881 million (0.82 per cent), true hemp at $2.527 million (0.01 per cent) and others at $4.364 billion (9.24 per cent), as per TexPro.
Fibre2Fashion News Desk (KUL)