The overall textile and garment export from the nation has recorded a hike of 2.79% increase from 2023, mostly driven by a 5.7% rise in textile exports. The utmost production capacity of the textile industry has introduced fabric as a huge contributor to textile revenue generation, with an annual share of 8.40% in the first quarter-half of 2024; fabric exports were valued at 50 billion US dollars in 2024. The manufacturers have been proactively seeking for new markets to empower their recovery rate from the severe challenges.

Despite hurdles like rising labor costs and strategic environmental regulations among the geopolitical tensions, the country has still introduced a diversifying portfolio in export services, which has recorded an annual export valuation of textiles worth 900 billion US dollars in 2024. The export industry is the epitome of adaptability and risk-mitigating connectivity with leading trade routes, fostering the annual valuation with stringent participation with the attraction of local buyers worldwide.

The Importance of Textiles Export in China's Economy of 2024

The textile export industry of China has been a dominant and resilient factor in the sturdy economic growth. The overall growing global demand has totaled the valuation of textile and garments exports worth 900 billion US dollars in 2024, representative of an increase of 2.79% from the previous year, with a year-on-year increasing contribution of 5.7% of textiles alone. The closer geographical proximity with major importing markets like the United States, European Union, and Southeast Asia, with an annual trade contribution of 32%, 28%, and 15% in the export share, has been fostering the annual valuation.

Import Globals China trade data has highlighted that the government authorities have pinpointed its focus on the expansion of the textile industry across several central regions in the globe, as it has the potential to counter the annual valuation crucially, solidifying the country's trade rate among all the other global competitors, increasing the engagement in the global textile export market. The sector has not only opened up employment opportunities for more than 60% of the population residing in the nation but has also played a crucial role in attracting foreign investment services towards cost-effective pricing strategies, working as a bridge between the top importers and exporters.

A Brief Overview of China's Trade in 2024

Leading Textiles Export of China: The Top Traded Categories of 2024

China, with its ongoing efforts towards the diversification of textile services in the global market, has fostered annual valuation by high-quality and cost-efficient textile production. The manufacturers have been dominating the key international markets with raw materials like cotton, and yarn, value-added synthetic essentials, and finished garments. According to China Export Data, the top 10 leading variants of textiles exported from the nation in 2024 are,

1. Garments - Export Valuation - 245 billion US dollars: Annual trade share - 30%

2. Yarn and Thread - Export Valuation - 170 billion US dollars: Annual trade share - 25%

3. Fabrics - Export Valuation - 142 billion US dollars: Annual trade share - 22%

4. Home Textiles - Export Valuation - 89 billion US dollars: Annual trade share - 15%

5. Carpets - Export Valuation - 76 billion US dollars: Annual trade share - 13%

6. Technical textiles - Export Valuation - 54 billion US dollars: Annual trade share - 8%

7. Footwear - Export Valuation - 48 billion US dollars: Annual trade share - 6%

8. Accessories - Export Valuation - 39 billion US dollars: Annual trade share - 4%

9. Knitted or Crocheted Fabrics - Export Valuation - 27 billion US dollars: Annual trade share - 3%

10. Silk Products - Export Valuation - 22 billion US dollars: Annual trade share - 2.5%

Key Textiles Export Trade Partners of China in 2024

The textile export landscape of the Southeast Asian nation China has come across a significant shift during its steady growth rate and emergence as a global textile trader. The traditional market adjoining the cost-effective pricing strategy has built up a trade relationship with most of the cost-effective importers. According to the China Customs Data, the top 10 export trade partners of the nation for textiles in 2024 are,

1. United States - According to the USA Import Data, the total valuation of textiles exported from China in 2024 - 310 billion US dollars.

2. Japan - According to the Japan Import Data, the total valuation of textiles exported from China in 2024 - 265 billion US dollars.

3. South Korea - According to the South Korea Import Data, the total valuation of textiles exported from China in 2024 - 187 billion US dollars.

4. Germany - According to the Germany Import Data, the total valuation of textiles exported from China in 2024 - 124 billion US dollars.

5. Vietnam - According to the Vietnam Import Data, the total valuation of textiles exported from China in 2024 - 87 billion US dollars.

6. United Kingdom - According to the United Kingdom Import Data, the total valuation of textiles exported from China in 2024 - 65 billion US dollars.

7. Netherlands - According to the Netherlands Import Data, the total valuation of textiles exported from China in 2024 - 48 billion US dollars.

8. France - According to the France Import Data, the total valuation of textiles exported from China in 2024 - 39 billion US dollars.

9. Italy - According to the Italy Import Data, the total valuation of textiles exported from China in 2024 - 28 billion US dollars.

10. India - According to the India Import Data, the total valuation of textiles exported from China in 2024 - 22 billion US dollars.

Top 5 Textiles Manufacturing Companies of China in 2024

The utmost production capacities of the manufacturing units and the technological evolution brought up by the government authorities for recording a sturdy growth in the global supply have been a strong base structure for the entire textile export economy of China in 2024. According to the China Trade Dada, the top 5 manufacturing companies fostering the annual textile valuation of 2024 are,

1. Shandong Ruyi Group - This venture has become one of the leading textile manufacturers of China with an annual trade share of 12%, solidifying its position as a top player in the Chinese textile market.

2. Texhong Textile Group - Texhong Textile Group, a crucial role player of the Chinese textile industry, has vertically integrated Company specialization in cotton spinning, dyeing, and finishing processes of textiles with an annual trade share of 8% in the Chinese Textile Exports.

3. Weiqiao Textile Company Limited - The Company established in 1999 is one of the leading producers of yarns in the Chinese textile industry. The production facilities and focus on innovation has contributed 7.6% share in the textile exports of China.

4. Huafu Top Dyed Melange Yarn Co., Ltd - A leading manufacturer of dyed and melange yarns in China, the commitment to introduce more diversifying portfolio in the textile export services has boosted the trade share by 6% in the textile exports of China.

5. Lu Thai Textile Co., - An established textile producer operating in the land area of China for more than two years. With an essential production of cotton, hemp, woolen, and silk spinning-like products, the company has held an annual trade share of 5% in the global textile exports from China.

Conclusion - Import Globals China Export Data provides you the in-depth information on the textiles and garments regional shipments from the trade firms to other leading importers. The trade sheet with proper statistical analysis can be a valuable resource to you for limiting your trade research regarding the potential marketing regions for textile service investment. From the year by increase in trade rate and comparison to the previous year's trade valuation, all the crucial information is covered to make the essential resources for China's textile export in hand available to you.

FAQ'S

Que. What is the export trade value of textiles from China in 2024?
Ans. The export trade value of textiles from China in 2024 is 900 billion US dollars.

Que. Who is the top textile export trade partner of China in 2024?
Ans. The United States is the top textile export trade partner of China in 2024.

Que. What are the top exported textile variants from China in 2024?
Ans. Garments are among the top exported textile variants of China in 2024.

Que. Where can you get a detailed trade analysis of the textile export market of China in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the textile exports market of China in 2024.

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