China continues to have dominant share in Australian textile imports
Despite soured diplomatic relations between the two, China continues to enjoy dominant position in textile and apparel imports by Australia. In the first five months of this year, over 60 per cent of textile products (apparel and home textiles) imported by Australia originated in China. In 2021 too, China took over 50 per cent share in Australian imports.
Considering Australian apparel imports during January-May 2022, China accounted for 63.15 per cent of total import of $2.726 billion. The other countries among top five suppliers were Bangladesh with 11.03 per cent share, followed by Vietnam with 6.1 per cent, India 3.53 per cent, and Indonesia 3.13 per cent, according to data from?
Last year, China share was 62.82 per cent in Australia’s total apparel imports of $7.382 billion. The other countries in top five suppliers were Bangladesh, Vietnam, India and Indonesia.
In terms of home textiles imports by Australia during the first five months of 2022, China supplied 54.09 per cent of total import of $836.959 million, as per?TexPro.?India stood a distant second with 11.49 per cent share, followed by Singapore with 8.73 per cent, Pakistan 5.17 per cent, and Bangladesh 3.07 per cent.
In 2021, Australia’s home textiles imports stood at $2.374 billion, of which 58.32 per cent of suppliers came from China. India, Pakistan, United States and Bangladesh were the other suppliers among top five.