Prospects For Sino Japanese Textile And Garment Trade Prospects

According to customs statistics, China's textile and apparel exports totaled 42 billion 602 million US dollars in the first quarter, an increase of 17.5% over the previous year.

Among them, exports to the US still rank first, reaching 4 billion 937 million US dollars, a 1% increase over the previous year, while exports to Japan amounted to $4 billion 634 million, an increase of 8.7%, and a decrease of 9.8% to the Hongkong market of 3 billion 347 million US dollars.

This is the highest growth rate in the first quarter of the 4 year since the 2005 year (12.2% in the first quarter of 2006).

Industry analysts believe that the Japanese market is a highly open and mature market.

After adapting to the pressure of European and American quota cancellation, RMB exchange rate changes and the strong competition of China's neighboring countries, Chinese export enterprises are changing from single price advantage to multiple advantage through optimizing product mix, changing operation mode and adjusting business operation mode.

The textile and garment trade between China and Japan still has good prospects and potential.

But for the Japanese market, this objective pressure has slightly slowed down.

The Japanese textile industry generally believes that for textile and garment enterprises that import Chinese textile and garment as the main business, the appreciation of the yen can reduce the negative impact brought about by the appreciation of the renminbi and the increase in labor costs to a certain extent.

As the RMB exchange rate continues to rise, the import clothing costs of some major Japanese trading companies have risen by 5%~7%, and the appreciation of the yen can basically offset the negative impact of the appreciation of the renminbi.

Judging from the current situation, it is difficult to accelerate the economy obviously, but if we can overcome the current problems and obstacles, we will continue to maintain low growth.

Japan's main non-governmental research institutes predict that Japan's economy will grow by 2% in 2008.

According to the data, many retailers have asked to reduce the wholesale price of clothing, which is equivalent to the appreciation of the Japanese yen.

The appreciation of the yen also hit the pressure of retail price cuts.

This shows that the growth of China's textile and clothing exports to Japan is mainly caused by general trade growth in the first quarter of this year.

China's export enterprises to Japan can actively adjust trade patterns, especially in the supply market of surface accessories, and have reduced the proportion of imports and processing trade accordingly.

At the same time, China's exports to Japan mostly focus on Japanese trade, and have deep cooperation with Japanese counterparts. Therefore, they can timely communicate and adjust product mix according to market changes, actively extend the industrial supply chain, and enhance the supply capability of export products and related links such as planning design, surface accessories, delivery time, batch and so on, so as to enhance the added value of products.

However, a large number of powerful enterprises and excellent entrepreneurs in China have overcome these difficulties as an opportunity to optimize the product mix, pform the business operation mode and adjust the way of business operation.

It is possible to speed up the upgrading of China's textile and garment industry in the past. In the past, we mainly relied on the single advantage of low cost and low cost to evolve into multiple advantages: that is, some enterprises could continue to maintain the supply advantages of low cost production and processing by pferring and refining management to low cost regions; some enterprises could increase the added value of products to enter the middle and high end market by providing planning design, surface accessories, production and processing, rapid reaction, and so on.

That is to say, the Sino Japanese textile and garment business will take the road of multi-dimensional development on the basis of the low cost advantage in the past.