China’s Belt And Bandolier Exports Remain Strong

Wearing Apparel July 21, 2015
Author: Alexander Romanenko
Chief Executive Officer

China has moved into second place in the global belt and bandolier trade. In 2014, China exported 26 million units of belts and bandoliers totaling 498 million USD, 2% over the previous year. Its primary trading partner was the U.S., where it supplied 38% of its total belts and bandoliers exports in value terms, accounting for 38% of the U.S.'s total imports.

From 2007 to 2014, China was a net exporter of belts and bandoliers. Over this period, exports consistently exceeded imports in value terms. In physical terms, this difference was even more pronounced.

Italy and France were among the other main global suppliers of belts and bandoliers in 2014. However, the fastest growing exporters from 2007 to 2014 were France (+15% per year) and India (+14% per year). By virtue of this growth, France was able to strengthen its position in the global export structure.

China's top 5 trading partners in 2014 were the U.S., Japan, the Russian Federation, Germany and Malaysia, with a combined 66% share of China's belt and bandolier exports. The share of the Russian Federation increased +5 percentage points. The shares of the other trading partners also illustrated positive dynamics.

Source: World: Belts And Bandoliers - Market Report. Analysis and Forecast to 2020