When we look at the change of the luggage industry import and export in China since 2010, luggage industry in China mainly exports. In 2015, the total amount of bags export accounts for the 94.20% of the total amount of bags import proportion. The overall industry of our country luggage is on the rise, with imports rising 7.81% in 2015.
Overall, 2015 bags industry import and export situation in our country is not very ideal. To the last quarter of 2015, bags import and export trade in our country has warm up and import and export volume increased by 11.49% year-on-year, importing $431 million, up 4.03% while exporting $6.177 billion, up 12.05% from a year earlier.
According to the forward-looking industry research institute “China bags manufacturing industry production and marketing demand and investment forecast analysis report in 2015-2020”, the export of Chinese bags accounts for 70-80% of the world’s total bags and China’s luggage bags trade have great impact on the world. Since 2014, bags export market in our country has been sluggish. Luckily, to the first quarter of 2015, as the world trade situation improves, China bags export recovered than in the first quarter of 2014. China bags imported amount rise up along with the electronic commerce, free trade zone and other policy to encourage trade in recent years, and imports are increasing year by year.
According to China’s import and export mix, China’s biggest export bag is low price processing product with low technical content, competing by its quantity. And import bags are usually with high price and high quality good leather bags, which prevail in high-end bags market in China. However, from the perspective of the situation of import and export, the current good bags on the market is the leather, regenerated leather or patent leather products, which has boomed in recent years from the import and export mix perspective.