Zhongyuan Group’s exports to Vietnam, India and Honduras dropped dramatically in recent months due to rising logistics costs and container shortage. Zhongyuan started its export business in 2019. Earlier the company exported 1,000 to 2,000 ton of polyester every month before. However, in recent times, the company’s waiting period for a container increased from a week to a month. Its shipment costs also increased by three, four or even five times for some regions, informs Chen Yiren, Assistant President. The price of its container from China to UK has increased by five times to $14,000. This is affecting the company’s foreign trade

The value of China's textile exports declined by 26.78 percent in July, shows data from China Customs shows. Beside the rising logistic costs, the dropping demand of masks and protecting suits was the other factor behind the decline. Customs data shows that exports of masks and protective clothing accounted for only 6.3 percent of total textile exports in the first half of the year, compared with 22.4 percent recorded last year.