Overview of the Textiles Bilateral Trade Between Usa and China in 2023
The bilateral trade between the USA and China: the recent hot topic of the global market. The trade relationship between this leading real estate for textiles has been evolving at a rapid rate since early 2019 worth a value of 40 billion US dollars which accounts for 36% of the global estimated textiles trade to the US. The factors behind the rapid growth of the trade relationship are the imposed tariffs, economic policies, and international agreements. To contribute to the regulatory share of acquired shipments, the Chinese trade management authority has also implemented retaliatory measures on US goods, resulting in a positive response rate.
The wide production capability of China's industrial sectors and the high-quality product delivery to the destination estates make the USA depend highly on Chinese textile traders for its domestic acquisition.
Top 10 Textile Exports of Usa From China in 2023
The resilient impact of China's textiles towards the USA domestic acquirements is proof of the growing trade rate between these leading trade destinations. As per the China Export Data, the top 10 leading imports of textiles in the USA from China in 2023 are,
1. Clothing - Export trade value of Clothing in the USA from China in 2023 - 45 billion US dollars.
2. Home Textiles - Export trade value of Home Textiles in the USA from China in 2023 - 18 billion US dollars.
3. Yarn and Fabrics - Export trade value of Yarn and Fabrics in the USA from China in 2023 - 15 billion US dollars.
4. Miscellaneous Textile Articles - Export trade value of Miscellaneous Textile Articles in USA from China in 2023 - 12 billion US dollars.
5. Knitted or Crocheted Fabrics - Export trade value of Knitted or Crocheted Fabrics in the USA from China in 2023 - 10 billion US dollars.
6. Thread and Woven Fabric - Export trade value of Thread and Woven Fabric in USA from China in 2023 - 8 billion US dollars.
7. Silk - Export trade value of Silk in the USA from China in 2023 - 6 billion US dollars.
8. Textile Articles for Technical Use - Export trade value of Textile Articles for Technical Use in the USA from China in 2023 - 5 billion US dollars.
9. Woven Apparel - Export trade value of Woven Apparel in the USA from China in 2023 - 4 billion US dollars.
10. Knitted or Crocheted Apparel - Export trade value of Knitted or Crocheted Apparel the in USA from China in 2023 - 3 billion US dollars
Top 10 Textile Companies in China
According to the China Trade Data, the leading textile companies of China that facilitate the growing exports to the USA in 2023 are,
1. Shandong Ruyi Group - Valuation of textiles exports from Shandong Ruyi Group of China in 2023 - 36 billion US dollars.
5. Zhangjiagang Huaying International Trading Co., Ltd. - Valuation of textiles exports from Zhangjiagang Huaying International Trading Co., Ltd of China in 2023 - 10 billion US dollars.
9. Yuantong Huafang (Suzhou) Apparel Co. - Valuation of textiles exports from Yuantong Huafang (Suzhou) Apparel Co of China in 2023 - 4 billion US dollars.
TOP 5 EXPORTED TEXTILES
• Men's and women shirts • Casual wear • Formal wear • Outerwear • Knitwear
10. Lu Thai Textile Co., Ltd - Valuation of textiles exports from Lu Thai Textile Co., Ltd of China in 2023 - 3 billion US dollars.
TOP 5 EXPORTED TEXTILES
• Yarn dyed fabrics • Cotton woven fabrics • Men's and boys' shirts • Polyester cotton blended fabrics • Non iron shirts
FAQ'S
Que. What is the bilateral trade value of textiles between China and the USA in 2023? Ans. The bilateral trade value of textiles between China and the USA in 2023 is 67 billion US dollars.
Que. Who is the top textile exporter of China in 2023? Ans. Shandong Ruyi Group is the top textile exporter of China in 2023.
Que. What are the top textile exports of China in 2023? Ans. Clothing is the top textile exports of China in 2023.
Que. Where can you get a detailed trade analysis of the China and USA textile exports in 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the China and USA textile exports in 2023.