The rise of the Latin American market is expected to become a new growth point for China's textile foreign trade

Export growth leads global resource-based products as core engine

According to the forecast data of the Economic Commission for Latin America and the Caribbean, the export value of goods from Latin America and the Caribbean to China is expected to achieve a year-on-year growth rate of 7% by 2025, which is significantly higher than the export performance to the European Union and the United States. The core driving force behind this growth is not only the steady increase in sales of agricultural products such as meat and soybeans, but also the rise in prices of mineral products such as copper, which plays a key supporting role.

For the textile industry, there are multiple signals hidden behind this data. The abundant natural textile raw material resources such as cotton and wool in Latin America have long been an important supply side of the global textile industry chain. With the continuous heating up of agricultural product trade between China and Latin America, the cross-border circulation efficiency of textile raw materials is expected to be further improved, providing new possibilities for domestic textile enterprises to reduce raw material procurement costs and optimize supply chain layout.

Expanding imports and accelerating the Asian market has become a strategic direction

Along with the growth of exports, Latin America's import trade from China has also shown strong resilience. The Economic Commission for Latin America and the Caribbean has clearly stated that the region's imports from China are expected to achieve a high-speed growth of 13% by 2025, and the region is accelerating the adjustment of export direction, with the Asian market, especially China and ASEAN, as key areas for layout.

This strategic shift has profound implications for the textile industry. As a global textile manufacturing powerhouse, China has a complete industrial chain advantage and cost competitiveness in areas such as fabrics, clothing, and textile machinery. The growing import demand in Latin America provides a vast space for domestic textile enterprises to open up emerging export markets. Especially in the context of the restructuring of the global trade pattern, the rise of the Latin American market is expected to become a new growth pole for China's textile foreign trade, effectively hedging against the volatility risks of traditional markets.

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