In the first half of this year, our country' s home textile exports maintained rapid growth, and the export scale hit a record high. The export of our country' s textile products to the world's top 20 markets has maintained growth.

The specific characteristics of our country' s textile exports from January to June are as follows:

Exports are growing rapidly, and the scale hits a record high

From January to June, our country’ s textile product exports amounted to US$15.56 billion, an increase of 54% over the same period last year and an increase of 22.4% over the same period in 2019. The export scale reached a record high.

At the same time, the export of home textile products accounted for 11% of the total export of textile and apparel products, which was 42 percentage points higher than the growth rate of the overall export of textiles and apparel, effectively stimulating the recovery of the overall export growth of the industry. Among them, the export of curtains, carpets, blankets and other categories maintained rapid growth, with an increase of more than 60%, and the export of kitchen supplies and table textiles grew relatively slowly, between 28% and 42%.

The United States leads the recovery of demand in the international home textile market

In the first half of the year, the export of home textile products to the world' s top 20 markets maintained growth.

In the U.S., Europe and Japan markets, our country’ s exports to the U.S. market grew at the highest rate, with an export value of US$5.17 billion, an increase of 65% over the same period last year and an increase of 30.5% over the same period in 2019, accounting for 33.2% of the total export of home textile products.

In addition, the export of home textile products to the EU has also maintained rapid growth, with an export value of US$2 billion, an increase of 42.4% over the same period last year, an increase of 10% over the same period in 2019, and accounting for 13.2% of the total export of home textile products;

The growth rate of home textile products exports to the Japanese market is relatively slow, with exports of US$1.37 billion, an increase of 8.8% over the same period last year and an increase of 6.2% over the same period in 2019, accounting for 8.8% of the total exports of home textile products.

From the perspective of regional markets, exports to Latin America, ASEAN and North America have grown rapidly, with a year-on-year increase of between 65% and 112%.

The exports of the top five provinces and cities have recovered steadily, and the growth rate of exports in the eight provinces and cities has more than doubled

Zhejiang, Jiangsu, Shandong, Shanghai and Guangdong are ranked in the top five textile export provinces and cities in the country. In the first half of the year, exports have maintained a steady recovery, with an export growth rate of 46%-59%. It is worth noting that Jiangsu and Zhejiang together account for 55% of the country’ s total textile exports, and export provinces and cities are becoming more concentrated.

Among other provinces and cities, Yunnan, Shanxi, Chongqing, Shaanxi, Inner Mongolia, Ningxia, Tibet and Gansu have experienced rapid growth in their exports, all of which have more than doubled their exports.

Importers maintain optimistic sales expectations, but sales have declined month-on-month.

In July, the National Retail Federation (NRF) raised its full-year retail forecast for 2021. It is estimated that in 2021, the US market retail sales will increase by 10.5% to 13.5% over 2020, between 4.44 trillion and 4.56 trillion US dollars, which is about 5 percentage points higher than the previous forecast announced in February.

In the same period, data released by the US Department of Commerce showed that the monthly sales of household goods and furniture in the United States declined compared to the previous month. Its sales in June were 11.83 billion U.S. dollars, a decrease of 3.6% from the revised May retail sales of 12.27 billion U.S. dollars. The U.S. Department of Commerce announced the largest decline in various commodities, but the overall retail situation has stabilized.

In addition, with the gradual easing of the global epidemic, offline transactions are expected to resume operation, helping the global trade market to resume prosperity. In July, the American Home Textiles Association announced that the New York Home Textile Market Weekly offline activities will be resumed from this fall, while maintaining the online platform, taking into account the exhibition needs of suppliers and retailers who cannot go to New York to participate in the ordering activities due to travel restrictions. Domestically, the autumn Guangzhou Commodity Fair is also preparing to be held online and offline at the same time.