In the first five months of 2016, China's real silk merchandise exports were 989 million US dollars, a year-on-year decrease of 9.12%, which was nearly 7% higher than the 1.97% drop in China's textile and apparel exports.
China Textile Import and Export Chamber of Commerce revealed on the 13th that in the first five months of this year, China's real silk merchandise trade totaled 1.077 billion U.S. dollars, a year-on-year decrease of 8.74%. The real silk merchandise trade accounted for 0.98% of China's total textile and apparel trade.
In the first five months of last year, China's real silk products' exports to their major markets were mixed. Among them, the decline in exports to Europe and the United States increased, but exports to Asian countries and regions increased.
According to industry experts' analysis, the factors affecting the economic operation of China's silk industry mainly include the slowdown of world economic growth, the increase of uncertainties, and the low growth rate of developed economies. In addition to this, the rising costs of comprehensive projects, fierce international competition, and intensified environmental protection tasks are still testing the adaptability of the entire industry. Further accelerating the transformation and upgrading is the key to the future development of China's silk industry.
As the effectiveness of the transformation and upgrading of China's textile enterprises has gradually emerged, the industry expects that China's real silk merchandise trade will be improved in the second half of the year. However, the downward pressure it faces should not be underestimated.
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