BEIJING, Sept. 17 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes the fluctuations in the export volume of China's silk garments.
Himfr.com has learned that from January to July, China exported 52 million silk suits, in the amount of 703 million U.S. dollars, a decrease of 30.14 percent and 21.94 percent respectively year on year; the average unit price was 13.5 U.S. dollars / suit, an increase of 11.75 percent year on year. Silk garment exports accounted for 75.5 percent of total exports of silk manufactured goods, 43.3 percent of total exports of natural silk merchandise, and 1.2 percent of China's total garment exports.
The main export markets for China's silk garments were the United States, Hong Kong, Britain, Japan, and Italy. Among them, the United States remained China's largest silk garment export market, accounting for more than 40 percent market share. From January to July, China exported 22 million suits to the United States, in the amount of 286 million U.S. dollars, a decrease of 34 percent and 30 percent respectively year on year. Export volume and value account market share were 42 percent and 40 percent respectively; average unit price was 12.95 U.S. dollars / suit, an increase of 6.12 percent year on year. There has been a slight increase in exports to Italy, but the price has decreased substantially. China exported 3.15 million silk suits to Italy, up 3.6 percent year on year. This has made Italy the only major export volume growth market for China. Exports to Italy were valued at 47.59 million U.S. dollars, down 8.9 percent year on year. Export volume and value account market share were six percent and 6.7 percent respectively; the average unit price was 15.12 U.S. dollars / suit, down 12 percent year on year.
Himfr.com determined that the main reasons for the fluctuations from January to July in China's silk garment exports were, firstly, the influence of the global financial crisis, international economic weakness, and inadequate demand, especially in the United States; secondly, raw materials, energy, and labour costs continued to increase which increased export enterprises' operating and production costs and trade risk. These factors forced companies to raise export prices to maintain their normal operations.
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