Quanzhou Textile And Garment Industry "Southeast Flight" Performance Soared

It is understood that in recent years, more than 30 textile and garment enterprises have gone out of Quanzhou to invest in factories in Southeast Asia. Last year, Quanzhou exported to ASEAN $451 million and $176 million in textile fabrics and textile machinery, up 33.1% and 21% respectively over the same period last year.

These enterprises, which first invested in Southeast Asia, have made profits both inside and outside the country, attracting more enterprises to explore and invest in Southeast Asia.

Data released by Quanzhou Customs show that in the first 8 months of this year, the export volume of Quanzhou's textile and clothing was 28 billion 870 million yuan, and the export volume in August was 5 billion 640 million yuan, climbing to the highest level in the year, an increase of 6.9% compared with the same period last year.

Since the beginning of this year, the share of textiles and garments in Quanzhou's traditional developed countries such as Europe and the United States has continued to decline, due to factors such as sluggish market, rising costs and widening domestic and foreign cotton prices.

From 1 to August, Quanzhou exported 5 billion 990 million yuan to the European Union, down 30% over the same period last year, and exported 2 billion 330 million yuan to the United States, down 7% from the same period last year.

However, in the emerging markets such as ASEAN and the United Arab Emirates, Quanzhou's textile and apparel industry is gradually gaining a foothold.

According to statistics, from 1 to August this year, Quanzhou's textile and apparel exports to ASEAN were 5 billion 590 million yuan, an increase of 28.2% over the same period last year, and 2 billion 890 million yuan for the UAE, an increase of 23.9% over the same period last year.

Customs officers said that with Quanzhou

The comparative advantage of the industry in the European and American export markets has gradually disappeared, and many textile and garment enterprises have targeted the export expansion targets for emerging markets such as ASEAN.

Today, ASEAN led countries along the "belt and road" have become an important driving force for the export of Quanzhou textiles this year.

Not only that, in order to be fierce

Many Chinese textile and garment enterprises also actively "fly southeast" and shift the manufacturing base to Southeast Asian regions with lower labor costs and lower export costs.

At the same time, we should further occupy the international market share.

It is foreseeable that along with the continuous promotion of the "one belt and one way" national strategy and the deepening of industrial pformation and upgrading, the countries along the maritime Silk Road in Southeast Asia have become the new starting point for Quanzhou's textile and garment industry to enter the pnational layout.

Today, the Quanzhou textile and garment industry is actively and steadily going out to create a pnational supply chain, to maintain sustainable competitive advantage, and to expand its position in the global industrial value chain through outward development of brand, technology and market channels.