Hong Kong becomes the world's third largest textile export destination


The Hong Kong textile industry occupies a very important position in Hong Kong's entire manufacturing and foreign trade. In recent years, in order to reduce production costs and improve competitiveness, most of Hong Kong's textile, printing and dyeing and garment factories have moved to the Mainland and Southeast Asian countries. The trend of Hong Kong from a textile and garment processing center to a textile and garment production control center and trade center is growing. obvious.
The textile trade in Hong Kong was mainly re-exported in the 1950s. With the establishment and development of the textile industry, the import of self-use raw materials and the export of local products continued to increase. After the 1980s, as the factory moved to mainland China and Southeast Asia, processing materials, semi-finished products and finished products were frequently resold, and the entrepot trade jumped sharply, which led to the growth of the overall textile trade.
At present, textiles imported from Hong Kong are mainly for re-exports, accounting for nearly 80% of the total. The retained sales account for only over 10%. The amount of textiles transshipped through Hong Kong has far exceeded the total export of textiles from Hong Kong. This reflects that Hong Kong's textile export focus has been processed locally. Exports are transferred to entrepot trade. Hong Kong is currently the third largest textile exporter in the world, with exports and quantities second only to mainland China and India.
In recent years, the global economy has declined, the demand for textile fabrics has decreased, and Hong Kong's textile fabric manufacturers have been unable to protect themselves. In 2010, Hong Kong's textile exports totaled 11.26 billion US dollars, up 13.6% from the US$ 9.914 billion in 2009; The export value was US$250 million, down 10.0% from the US$278 million in 2009; the re-export amount was US$11.12 million, up 14.3% from US$9.636 billion in 2009. Among them, textile yarn accounts for more than 29%, followed by woven cotton and knitted fabrics.
Mainland China has been the largest market for textile exports in Hong Kong. According to statistics from the Hong Kong Census and Statistics Department, Hong Kong's textile exports to China's textiles in 2010 totaled US$8.02 billion, up 12.9% from the US$7,890 million in 2009. Accounted for 71.0% of Hong Kong's total textile fabric exports, followed by Vietnam (5.3%), Indonesia (3.6%), Cambodia (3.2%), Bangladesh (3.1%), Sri Lanka (1.6%), Thailand (1.5%) ) and the United States (1.5%) and so on.
Mainland China is also the largest market for textile imports in Hong Kong. In 2010, Hong Kong imported textiles from China totaled US$70.2 million, up 10.3% from US$6.348 billion in 2009, accounting for 62.4% of Hong Kong's textile fabric imports. %. Hong Kong is currently Taiwan's largest fabric export market. Data show that Hong Kong's imports of fabrics from Taiwan totaled US$1,037 million in 2010, up 13.1% from 2009's US$917 million. Taiwan's exports to Hong Kong accounted for total exports of fabrics. More than 15% is much higher than other major export markets. At the same time, Hong Kong is also the third largest market for textile and apparel exports after the United States and Japan. By the end of 2010, there were more than 870 textile manufacturers in Hong Kong, more than 4,000 companies engaged in textile products trading, employing more than 30,000 employees.

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