The textile industry is a traditional leading and pillar industry in China with the best growth.

The textile industry is a traditional leading and pillar industry in China with the best growth.

Summary

The textile industry is a traditional leading and pillar industry in China. It is one of the industries with the best growth, fastest growth and most perfect development in the international market. At present, China has become the largest textile production country in the world.

According to the statistics of China Customs, the import and export volume of fabrics in May 2021 was 31.75 billion US dollars, up 0.74% year on year.  China's fabric trade is dominated by exports, accounting for nearly 90%.  The proportion of imports is about 10%, and it is decreasing year by year.  With the continuous enhancement of China's independent research and development capacity of fabrics, some high-end fabrics monopolized by Europe, America and Japan in the past have realized independent production. The decrease of import demand is an important reason for the decline of imports.  From January to May, China's fabric exports amounted to 29.35 billion US dollars, up 3%.  Imports amounted to $2.4 billion, down 12.3 percent.