US textile and apparel imports from China Once trade protectionism is rampant, China's textile and apparel exports are expected to bear the brunt. According to the statistics of the US Department of Commerce, in 2017, US textile and apparel imports from the world was about 64.972 billion square meters, an increase of 3.3%. In January 2018, US textile and apparel imports from the world was about 5.615 billion square meters, an increase of 2.5%.
Among them, in 2017, US textile and apparel imports from China were approximately 31.753 billion square meters, up 5.4% year-on-year. In January 2018, US textile and apparel imports from China were 2.757 billion square meters, up 0.98% year-on-year. From the above, it can be seen that nearly 49% of the US textile and apparel imports come from China. Once the Sino-US trade war is fully launched, the export impact on China's textile and apparel is self-evident.
There are many trading partners in the United States. Apart from China, it can be purchased from Vietnam, Mexico, India, etc. It is easy to transfer orders.
For example, Vietnam, as the second largest textile and apparel import market in the United States, is most likely to undertake the transfer of orders because of its relatively complete industrial support, low production costs, and abundant labor. Some professional organizations refer to the development history of China's textile industry(underwear manufacturer), and measure the total scale of Vietnam's textile and garment industry exports, which will reach 153.7 billion US dollars in 2025. The Sino-US trade war will allow Vietnam to occupy favorable conditions and seize orders for textile and apparel products exported from China to the United States. China's export orders will fall by 6% to reach 18.8 billion US dollars, which is a serious challenge for Chinese textile and apparel enterprises.
At present, affected by the expected escalation of Sino-US trade friction, on March 23, cross-border, Jiansheng Group, Blum Oriental and other overseas businesses accounted for more than 8% of single-day declines, and many stocks were also affected by sentiment.
But for the men's underwear, it is does not include the terms, so it does not effect on the factory in China.
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