Canton Fair Textile Exports Fell Into A Low Trading Spot.
This year's collective downturn in China's textile and clothing exports has been revealed in this Canton Fair. The flow of Liuhua exhibition hall is much less than in previous years. Many exhibitors are already complaining. This was heard more than once in the exhibition yesterday. "Business is too difficult this year."
There are few guests before the showcase.
A representative of a clothing exhibitor in Fujian said that in previous years, buyers from European and American countries came to see the goods, but this time, two days later, none of the European and American purchasers came to see the goods.
The exhibits are mainly Liuhua exhibition in clothing, shoes and hats, and the flow of people is far less than that of Pazhou. Exhibitors said that only a few guests had been received in the morning, and no contract had yet been reached. The chill has already struck.
According to the latest statistics released by the State General Administration of customs, China's textile and apparel exports totaled 24 billion 981 million US dollars in the first two months of this year, compared with the same period last year, which only increased by 8.19%, down by 31%. compared with 2007. Especially in February, the export volume of textiles and clothing dropped 10.13% in China compared with the same period last year. The sharp decline in export growth of this textile industry has affected the Canton Fair. Statistics from China's first textile network were affected by the US subprime crisis. In February of this year, China's textile and clothing exports to the United States showed a negative growth, and exports to the Hongkong market also dropped by 29.31% over the same period last year. What's more, the increase in exports to Turkey has dropped from 326% to -49% in comparison with last year.
The China Textile Import and Export Chamber of Commerce will hold an analysis of the US export situation in June to help enterprises cope with the new situation.
RMB appreciation makes quotation difficult
In April 10th, the China Foreign Exchange Trading Center announced that the US dollar was 7 against the RMB, and the appreciation of the renminbi had a great impact on China's import and export trade. In February this year, China's trade surplus decreased by 10 billion 900 million US dollars compared with January. Yesterday, at the Pazhou Exhibition Area A, many exhibitors told reporters that the low US dollar to the RMB exchange rate at least reduced their trading volume. 10%., exhibitor from Anhui, said that their products were settled in US dollars. Because of the depreciation of the US dollar, he had to raise the quoted price of products by 10%-20%. Compared with the past two days, their export volume decreased by 20%. "If we do not raise the quoted price, we will lose money, raise the quoted price, and reduce the turnover. It's hard for us. "
This year, the RMB has appreciated by 4%. Yu, a exhibitor from Hongkong, said that the export price of products increased because of the appreciation of the renminbi, which would increase the purchasing cost of many foreign businessmen. The instability of exchange rate might shrink the profits of these export oriented exhibitors.
A buyer from the UK said that the number of exhibitors in the Canton Fair was higher than in the past, but the price of products increased generally. According to his experience, genius is the climax after Ming Dynasty. Whether to reduce the purchase quantity depends on the negotiation of the day after tomorrow.
- background
Four factors are unfavorable to the textile industry.
Last year, the NDRC pointed out that there are four main factors that are not conducive to the development of China's textile industry.
First, the continued appreciation of the renminbi will further weaken the price advantage of China's textile and clothing exports, thus putting pressure on textile exporting enterprises.
Second, we should lower the export tax rebate rate.
Third, the unstable trade environment brought by the restrictions and trade frictions in Europe and America provides a rare opportunity for our textile industry's main competitors.
Fourth, resource and environmental constraints will still restrict the development of the industry.
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