In The First Half Of The Year, Guangdong Exported 30% Parts Of Its Garment Export Lines To The Mainland.

There are three pressures on the export tax rebate rate, the RMB appreciation and the US subprime mortgage crisis.

With the deteriorating foreign trade environment, it is an indisputable fact that Guangdong's clothing export has become the "worst hit area".

The latest data released by Guangzhou customs yesterday showed that the export of clothing and accessories (hereinafter referred to as clothing) in the first half of this year was 49 billion 960 million US dollars, a slight increase of 3.4%, while clothing exports in Guangdong in the first half of this year decreased significantly. In 1-6 months, the total value of clothing exported to Guangdong was 10 billion 800 million US dollars, a decrease of 31.3%.

From the top 5 provinces and cities of the country's clothing export, except for the sharp drop in Guangdong, the other 4 provinces and cities all showed growth, of which Zhejiang and Jiangsu increased significantly, with an increase of nearly 20%.

"This result is closely related to the decision of the local government. Guangdong's garment export enterprises have never been so sad."

A head of a medium-sized garment export enterprise in Guangzhou expressed emotion for customs data.

Weakening of export province

The reduction of export tax rebate rate, the pressure of rapid appreciation of RMB, and the subprime mortgage crisis in the United States are the three most pressing mountains on foreign trade export enterprises.

Only the subprime mortgage crisis in the United States has greatly weakened Guangdong's clothing export status.

According to statistics, Guangdong exported $1 billion 540 million to the US in June, down 27.3%. It has been relegated to third place from the first big market in 2007. The proportion of the total exports to the United States in the same period dropped to 23.6% from 23.6% in 2007.

Guangzhou customs analysis shows that the United States has always been the most important market for clothing exports in Guangdong, and is affected by factors such as the subprime mortgage crisis and weak economic growth.

In addition, the export volume and the reduction of enterprises are also related to the "double pfer" strategy of Guangdong's ongoing overall industrial restructuring.

Transfer of production lines to the mainland

The person in charge of the enterprise told reporters that he had pferred part of the production line to Zhuzhou.

At the same time, he also complained, "the more deficit we have now, the more we dare not stop production, only to reduce export volume.

Prior to peer review, there is a record of discontinued production of bank loans more difficult. "

According to customs data, the reduction of production is also the consensus of most small and medium enterprises.

In the first half of June this year, there were 10776 garment export enterprises in Guangdong, a decrease of 219 compared with the same period last year.

Among them, the export volume of less than 100 thousand U.S. dollars accounted for 44% (4753), of which 12.6% (1357) of the export volume of enterprises or even less than 10 thousand U. S. dollars.

Under the pressure of multiple pressures, the proportion of Guangdong's clothing exports has dropped to 21.6% from 32.5% in the same period last year.

The Guangzhou Municipal Foreign Trade and Economic Cooperation Bureau official also said at a recent forum that "at present, we have proposed improving the export rebate rate of clothing and other major light industrial products."

Exports of major garments to major markets in Guangdong in the first half of the year

Export market export volume (US $100 million) increased year by year.

EU 27.5 +72.3%

Us 15.4 -27.3%

Japan 3.7 -15%

Hongkong 27.7 -25.2%

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Tax rebate companies can increase profits by 11%

"At present, there are more than 40 thousand textile and garment enterprises above Designated Size (annual sales income of more than 5 million), 2/3 is in zero profit state, and the remaining 1/3 is slightly profitable, and the average net profit level will not exceed 3%."

First textile network analyst Wang Qian told reporters recently that the export tax rebate callback or the urgent solution.

It is reported that in just six days, 4 central leaders went to Jiangsu, Shanghai, Guangdong, Zhejiang, Shandong and 5 export-oriented provinces with the most developed economy to conduct economic investigation and research.

This year, Guangdong's textile enterprises have also experienced frequent research.

Guangzhou Municipal Foreign Trade and Economic Cooperation Bureau responsible person at a recent forum also said that they have suggested the Ministry of Commerce to introduce tax rebate and other supporting policies.

In a research report released yesterday, Tian Yuan said that the textile and garment export tax rebate 2%-4% will increase the net profit growth of more than 11% of the industry.

"If the clothing export volume reaches US $100 billion in the second half of this year, the tax rebate rate will be adjusted by 4 percentage points, and the export cost savings in the second half of this year will reach US $2 billion 40 million."