The Prospect Of China'S European Textile Trade Depends On The Six Countries.

Local time on October 22nd, the British Parliament passed the agreement between the prime minister Johnson and the European Union, and then rejected the euro October 31st. Britain's departure from Europe once again became unclear and even textile practitioners sighed.

Is Britain related to Europe? It matters.

Recently, the forward Industry Research Institute released a deep interpretation report on bilateral trade between China and major European countries in 2019. In 2018, the volume of foreign trade in Europe was 14 trillion and 270 billion dollars, an increase of 9.4% over the same period last year, accounting for 36.6% of the total foreign trade in the world. Germany, France and the United Kingdom imported larger quantities of textiles from the world, with imports of over $30 billion in 2018.

In fact, Europe has always been an important traditional market for China's textile exports. Under the premise of the uncertain trade prospects between China and the United States, many textile enterprises are paying more attention to the European market. Some economists say that continued uncertainty over Europe may inhibit economic growth in the UK and even in Europe.

What is the future economic situation in Europe? Will the "cheese" of China's textile and clothing in the European market be affected? We find out 6 European countries that import textiles and raw materials from China to over 15% of the world's imports. Britain, Italy, Spain, Holland, Belgium, Russia The analysis of the current situation and trend will help to see the trade prospects of our textiles in Europe.

Britain

In 2018, the United Kingdom imported $30 billion 928 million of textiles and raw materials from the world, accounting for 19.94% of its total imports from China.

Italy

In 2018, Italy imported $26 billion 984 million of textiles and raw materials from the world, accounting for 19.5% of its imports from China.

Spain

In 2018, Spain imported $24 billion 699 million of textiles and raw materials from the world, accounting for 17.55% of its imports from China.

Netherlands

In 2018, Holland imported $23 billion 400 million of textiles and raw materials from the world, accounting for 21.44% of its imports from China.

Belgium

Belgium imported $13 billion 518 million of textiles and raw materials from the world in 2018, accounting for 17.4% of its imports from China.

Russia

In 2018, Russia imported $11 billion 131 million of textiles and raw materials from the world, accounting for 34.73% of its imports from China.

Data source: foresight Industry Research Institute