Hong Kong is an important market of China's textile and garment exports. The region is focused in re-export trade with wide varieties. All the products can be found in Hong Kong market.
Hong Kong's textile industry occupies a very important position in the whole regional manufacturing and foreign trade.
In recent years, in order to reduce production costs and increase competitiveness, most textiles, dyeing and garment factories have relocated into China and Southeast Asian countries. The trend of Hong Kong's transformation from a textile and garment processing center into a textile and garment production control center as well as a trade center is becoming increasingly obvious.
Textile trade between Hong Kong and the mainland is mainly around those Hong Kong invested textile and clothing enterprises in mainland, which are driven by processing trade.
Textile trade between the two places has formed a basic pattern, that is, Hong Kong businessmen import cotton, cotton yarn, gray fabrics from the mainland, India, Pakistan and several other countries to process in mainland.
Final products are mainly semi-finished or finished garments, which are processed in Hong Kong or directly shipped to European and the US markets via Hong Kong. Therefore, as to yarn and fabric products, Hong Kong itself is not a basic consumer market.
Relevant data show that China's exports of textile products and garments to Hong Kong have maintained a relatively stable situation, with smaller fluctuations and gentle undulating curves.
Generally speaking, the growth rate of mainland's textile and garment exports to Hong Kong has been greater than the growth rate of imports from Hong Kong.
In October, the growth rate of mainland imports from Hong Kong was greater than the growth rate of exports to Hong Kong, of which, the proportion of raw material export decreased, while the proportion of clothing products export increased.
Fibre2fashion, News Desk - China
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
