Zhejiang Textile Industry

Year 2005 has witnessed still rapid growth of Zhejiang's textile industry. Zhejiang’s large-scale textile industry generates a total output of RMB 475.291 billion, total sales revenues of RMB 465.731 billion and total profits of RMB 18.170 billion that are 24.02%, 25.35% and 25.56% over those of the previous year respectively. The export value reaches RMB 156.373 billion in the same year that is a 20.80% over that of the previous year.

After many years of rapid development, Zhejiang has become the leading province of textile product manufacturing, export and consumption in China and the textile industry has become one of the pillar industries of Zhejiang.

Leading province of textile manufacturing

Out of the 17 categories of textile products, Zhejiang ranks the 1st nationwide in terms chemical fibers, fabrics, printed and dyed fabrics, yarns, textile products, etc.

Leading province of textile export

Ever since 1999, Zhejiang’s textile and garment export has seen rapid growth year by year and its ranking has grown from the 4th to the 1st in China. Meanwhile, the ratio of export value to total output has kept increasing as well from 11.17% in 1999 to 20.93% in 2005.

Leading province of textile consumption

Statistics show that Zhejiang has 293 various types of textile and garment marketplaces with an annual trade value of RMB 100 billion or so. The trade volume and value of such textile and garment marketplaces account for 7% and 23% of the provincial totals respectively. The professional textile marketplaces cover almost all types of textile products and thus generate a widespread and substantial influence across China. Zhejiang is increasingly becoming the logistics center of textile products in China, thus underlining its status as the leading province of textile consumption. China Light Textile City, China Cocoon Fiber and Silk Marketplace and other marketplaces play a major role in the industry nationwide.