The booming situation of Hong Kong textile industry

The textiles industry – comprising spinning, weaving (weaving machine), knitting and finishing of fabrics have booming prosperity development in Hong Kong. Leading market for textiles exported from Hong Kong, accounting for more than 92% of the total textile exports. The textiles industry is one of Hong Kong's major export earners, accounting for 2.5% of the total exports for the first four months of 2012. Of the top 10 destinations for textiles exported from Hong Kong, nine of them are in Asia, with the Chinese mainland being the predominant export market.

Hong Kong is both a leading production centre and a global hub for clothing sourcing. As such, Hong Kong's textiles industry is well positioned to serve both local and overseas clothing manufacturers and merchandisers. Hong Kong's textiles industry serves not only the local clothing manufacturers, but also those on the Chinese mainland and other offshore production bases. Hong Kong’s textiles industry is reputed as a supplier of quality dyed and printed fabrics, also in cotton spinning, denim weaving, panel knitting and cotton knit manufacturing. 

Other major export markets of Hong Kong textiles include Vietnam, Indonesia, Cambodia, Bangladesh, Thailand, Sri Lanka, the US, the Philippines and India. Because of Vietnam’s cheap labour and WTO membership, many foreign investors, including those from Hong Kong, have set up garment factories there.

While many Hong Kong textile machine manufacturers and traders supply their products to the clothing manufacturers in Asia, particularly on the mainland, international textile companies are also using Hong Kong as a gateway to promote their products to other Asian economies.

This gives rise to sustained demand for textile imports, making Vietnam the second largest market for Hong Kong’s textile exports, after the Chinese mainland.