Several Signals Of Textile Exports In The First Quarter

On the whole, China's foreign trade is running well.

The report points out that the domestic and foreign environment faced by China's foreign trade is tightening in 2008, especially the pressure of export enterprises may increase further.

Judging from the contribution of the foreign trade surplus, the trade surplus of the textile industry in the traditional dominant export industry was 34 billion 420 million US dollars in the first quarter, accounting for 83.10% of the total surplus.

Customs statistics show that in the first quarter of this year, China's total exports of textiles and clothing totaled 38 billion 511 million US dollars, up 17.51% from the same period last year, which is basically close to the growth level of last year's year, which greatly compensated for the decline of textile exports in the first two months.

Textile resources believe that although China's textile and garment industry is facing multiple pressures this year, such as the acceleration of RMB appreciation, the reduction of export tax rebate rate, the spread of the US subprime crisis, and the increase in labor costs, the export of textile products to the EU has increased by 40%, due to the cancellation of the quota for export, which has restored the export of textile and clothing to normal level.

Exports to textiles and clothing in the United States for 1-3 months were 1 billion 918 million US dollars and 3 billion 408 million US dollars respectively, representing an increase of 34.08% and - 4.26% respectively compared with the same period last year. The year-on-year decline in garment exports is the main reason for the slowdown in the first quarter.

South Korea and ASEAN continue to maintain strong growth momentum, up 12% and 48% respectively over the same period last year. ASEAN is the largest region of China's textile exports in the first quarter, with exports of US $2 billion 178 million, ranking fifth in all trading areas.

The Canton Fair, known as "China's foreign trade vane", came to a close last week.

Each Canton Fair will reveal some information to reflect the trend of foreign trade.

From the main statistical indicators, the number of purchasing and trading volume of the purchasers from the United States, Europe, Japan, Korea, Taiwan and other traditional Canton Fair has declined significantly, while the emerging markets such as the Middle East, ASEAN, Russia and India have continued to increase their willingness to buy "made in China".

Among them, the number of purchasers in India, South Africa and Brazil in emerging markets increased by 23.2%, 28.5% and 24.6% respectively.

In addition, buyers from Australia and New Zealand also increased by more than 10%.

The growth of export space in the European and American markets is limited. While consolidating the European and American markets, it can selectively shift the focus of exports to emerging markets, especially those in India, Russia, South Africa and Brazil with higher population base and consumption capacity, but they must adjust their export products structure in order to better adapt to the market demand of these emerging regions.

On the other hand, in order to improve export efficiency, it is also important to develop more first-rate international buyers instead of dealing with second-hand buyers in re export areas.