China's textile and garment export advantages are gradually replaced by low-cost labor costs countries

- Sep 26, 2017 -

China's textile and garment export advantages are gradually being Vietnam, Bangladesh and other low-cost labor countries replaced.
In the first half of this year, China's major export products of natural fiber products for the Hong Kong region, Vietnam and Bangladesh, the above three market exports accounted for the same period accounted for 39.7% of the total exports of natural fiber products, the above three market exports were 20.5 $ 1.3 billion, $ 1.39 billion and $ 1.14 billion, respectively, up 29%, 27.1% and 29.9% respectively. It can be seen that China's textile and garment export advantage is gradually being replaced by low labor cost countries such as Vietnam and Bangladesh, which have been replaced by the increasing cost of China's textile industry and the increasing influence of the international market on the trade barriers of China's textile and garment products. China's imports of natural fiber raw materials demand continued to grow.

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