Before May, Zhejiang'S Silk Reeling Enterprises Had A Deficit Of 70%.

< p > recently, according to the statistics of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Zhejiang Silk Association < /a > statistics, the total profit volume of Reeling Enterprises in the province continued to suffer losses this month, with a deficit of 70% and a sharp increase in the amount of losses. The total profit margin of silk spinning enterprises continued to be profitable this month and increased considerably compared with the same period last year. The total profit of weaving enterprises, printing and dyeing enterprises, garment enterprises and other enterprises decreased year by year.

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< p > according to the statistics of the financial situation of 87 < a href= "http:// www.sjfzxm.com/news/index_c.asp" > silk enterprise < /a >, it shows that the output of white silk is 1261.92 tons, the output of twisted silk is 564.74 tons, the output of silk yarn is 1422.74 tons, the yield of silk is 5 million 313 thousand and 300 meters, the output of synthetic silk is 608 thousand and 300 meters, and the output of printing and dyeing silk is 109 million 485 thousand and 100 meters.

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< p > clothing products 55 million 436 thousand and 900, of which silk < a href= "http:// www.sjfzxm.com/news/index_c.asp" > woven garments < /a > 27 million 470 thousand, silk knitted garments 5 million 167 thousand and 600, silk home textiles 347 thousand (sets), silk necktie, scarf 16 million 937 thousand and 100, silk 483 thousand and 200, bed with silk carpet 237 thousand and 800.

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< p > Korea's deficit in trade with China's textiles and clothing has exceeded 2 billion US dollars in the middle of 2000s, and increased to 2 billion 630 million, 3 billion 540 million and 3 billion 110 million US dollars from 2010 to 2012 respectively.

In the first 5 months of this year, South Korea's exports to China amounted to US $1 billion 40 million, with an import volume of US $2 billion 470 million and a deficit of US $1 billion 430 million.

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< p > The Research Institute believes that China's labor costs are rising and relatively cheap Chinese clothing is flowing into Korea. Under these two factors, South Korea has an unfavorable balance between China's textile and clothing trade.

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< p > in particular, due to the rapid rise of labor costs in China, South Korea's related enterprises have moved their factories in China to Southeast Asia, resulting in a sharp reduction in the export scale of Korean textiles and clothing related materials to China, which has led to the shrinking of the overall export volume of textiles and clothing.

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< p > the Institute also pointed out that the proportion of Korea's textile and clothing exports to various countries is changing gradually.

China has maintained the status of the largest export of textiles and clothing from South Korea in 2005.

In 2013, the share of Korea's exports to China and Vietnam was 17.1% and 15.7% respectively. China is still the largest export destination in South Korea.

In the 1-5 month of this year, Vietnam (16.5%) surpassed China (15.6%) for the first time and became Korea's new largest export destination.

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< p > The Research Institute said that the Chinese market has great potential for development. It is suggested that South Korean enterprises should get rid of the export pattern based on textile materials, and develop a garment oriented export expansion program. In particular, we need to actively utilize Korean elements such as Korean dramas and K-pop to carry out garment marketing so as to lay a solid foundation for entering the Chinese garment market.

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