Korea Trade Hall Chang Wen Analysis of clothing export base: Can consider replacing China with Pakistan
Source: China Economic Net
Recently, the website of Korea trading TRADE ATLAS is displayed. In 2020, Pakistan’s textile export is $ 13.1 billion, ranking 13th in the world, China is Pakistan’s fourth largest textile exporter.
Based on rich cotton and low labor force, the textile industry has been developed since ancient times. According to the data of World Trade Atlas, textile products are Pakistan’s main export varieties, accounting for 60% overpower than the total export. At the same time, the website quoted the Pakistani Investment Committee analysis, the textile industry accounted for 8.5% of Pakistan GDP, belonging to the pillar industry. There are more than 50 large enterprises in the Ba Tendo Apparel Industry, 3 of which are listed on the Pakistani Stock Exchange. The top four major exporters in Bawear is the United States, the United Kingdom, Germany, China. From the perspective of export, Pakistan has stabilized in the global clothing textile export market, ranked 13th in the world with a total export of $ 13.1 billion, accounting for 0.5% of global clothing textile exports.
In January this year, the China Economic Network has quoted Pakistan’s “Commercial Record” report. Pakistan’s Prime Minister Business Consultant Dadwood said that the Pakistan government’s epidemic prevention measures of the new crown epidemic have ensured that the exports continue to grow and hope to further expand their share in the global market.
Based on World Trade Atlas, the Korean Trade Hall believes that from the import of raw materials, due to the synthetic fiber and chemical fiber produced by Pakistan, Pakistan imports $ 550 million in synthetic fibers and 540 million US dollars in 2020. Chemical fiber filaments. Among them, Pakistan imported synthetic fibers from South Korea, 5 million US dollars, 5 million US dollars, South Korea ranked 7th in the import market. From the perspective of Pakistan, Pakistan’s largest synthetic fiber and chemical fiber filament importing country is China, and Pakistan imports $ 200 million in synthetic fibers and 400 million US dollar filaments from China.
According to South Korea Trade Hall, there are more than 50 large companies in the Pakistani fibrous apparel industry, 3 of which are listed on the Pakistani Stock Exchange. The main fiber clothing companies include GUL AHMED TEXTILE MILLS, KOHINOOR TEXTILE MILLS, CHENAB LIMITED, NISHAT MILLS LIMITED, and more.
The Korean Trade Hall believes that Pakistan’s textile industry has a gap between China, Bangladesh, but during the epidemic period, due to a more effective response measures, the order of global clothing brands is also transferred to Pakistan, Ba clothing export basics keep it steady. South Korea’s enterprises can help Pakistan’s clothing textile industry strengthen competitiveness according to the needs of Pakistan, to further export raw materials and production equipment. At present, South Korea companies export pigments, synthetic fibers such as Pakistan, and from Ba imports, this complementary cooperation is also the eyes of Korean enterprises into the Pap market. In addition, due to the low-cost labor and the formed textile industry supply chain, Pakistan can serve as a frontier base of South Korea’s exports in China and Southeast Asia. (China Economic Network Peng Xinhui)
Information Pictures: China Qingdao Yuhuishan Textile Co., Ltd. Automatic computer embroidery machine. (China Economic Network reporter in Hezhao)