Leather and bags have a high degree of internationalization and have become the main export commodities of China’s leather industry. The export of leather industry is dominated by general trade, accounting for 80%, while the export of imported material processing only accounts for 20%. It has international competitive advantages, especially in terms of industrial resources and labor intensity. Thanks to the strong support from the government to promote high-quality development of the industry, the industry has developed rapidly and the export momentum is strong.
Leather industry in China has a high-quality talent team as well as the world’s first production capacity, with manufacturing, sales to education, research and development, standard setting and other complete industrial chain advantages. At the same time, it has the advantages of industrial clusters with various characteristics, strong supporting capacity and high efficiency, such as Huadu Shiling leather goods production base, Shenzhen leather industry cluster, Guangzhou Ziyungang Leather City, Haining Leather City, etc.
With more and more countries seeking cooperation opportunities in China’s huge leather market, the security of the industrial chain and supply chain of the country’s leather industry, as well as the toughness of the supply system, are also receiving greater attention.
Industry import and export development status
As can be seen from the pie chart, the export target market of China’s leather industry is still mainly the United States and the European Union, and the proportion is further expanded. Because of the trade policy of the Belt and Road, the export of leather industry continues to maintain a good momentum, and the trade scale continues to expand. In terms of import, it mainly imports manufactured goods, among which leather bags account for a large proportion. However, imports have dropped due to the COVID-19 pandemic in China.
Fortunately, the general trend of the stable development of China’s economy has not changed, and the leather industry has a complete industrial chain and strong development resilience to resist the changes of the economic environment. The market potential is still huge, and it will be your best choice for investment and cooperation in the past or in the future.
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