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Textile Exports Slowed Down At Shandong Port In The First 7 Months

2008/8/18 17:33:00 31

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According to the statistics of Qingdao customs, the export of textiles and garments (including textiles, yarns, fabrics and articles, garments and accessories) in Shandong in the first 7 months of this year was $9 billion 160 million, an increase of 16.3% over the same period last year, an increase of 1.1 percentage points lower than that of the same period last year.

Textile and garment exports mainly have the following characteristics:

General trade exports dominate, and processing trade grows at a low speed.

In the first 7 months, Shandong port exported 5 billion 480 million dollars of textile and clothing in general trade mode, an increase of 22.9%, accounting for 59.8% of the total value of textile and clothing exports.

In the same period, Shandong port exported textiles and garments by processing trade for 3 billion 630 million US dollars, an increase of 7.6%.

The export market is mainly concentrated in developed countries and regions.

Japan is the largest market for textile and clothing exports. In the first 7 months, Shandong port exported 2 billion 100 million US dollars, an increase of 10.7%; exports to the EU 1 billion 590 million US dollars, an increase of 32.6%; exports to the United States and South Korea were in the doldrums, which were exported to 1..3 billion and 1 billion 160 million US dollars, respectively, by 4.3% and 5.4% respectively.

For these countries and regions, total exports account for 67.5% of the total value of exports.

The export of private enterprises has increased rapidly, and the export of state-owned enterprises has declined.

Foreign invested enterprises are still the largest types of export enterprises. In the first 7 months, they exported 3 billion 410 million US dollars, an increase of 12.1%; private enterprises exported 2 billion 640 million US dollars, an increase of 37.2%; collective enterprises exported 1 billion 570 million US dollars, an increase of 15%; and state-owned enterprises exported 1 billion 540 million US dollars, down 0.5%.

The growth of textile yarn and fabric exports is obviously faster than that of garments.

In the first 7 months, the export of textiles, yarns, fabrics and products at Shandong port was 4 billion 870 million US dollars, an increase of 23%. The clothing and accessories accessories exported 4 billion 290 million US dollars, an increase of 9.5%, which is 13.5 percentage points lower than that of the same period.

The slowdown in textile and clothing exports this year is mainly affected by the following factors:

The cost of production of Chinese textile and garment industry has been greatly reduced.

As a traditional industry in China, the development of textile and garment industry mainly relies on cheap labor resources in China for many years.

In recent years, with the development of China's economy, labor security measures have been continuously improved and labor costs continuously improved.

At the same time, in recent years, as the price of international agricultural products and crude oil continues to rise, the price of cotton and chemical fiber, the two main raw materials of the textile industry, has risen sharply, making the cost pressure of textile and garment enterprises increasing continuously.

The RMB continued to appreciate, and the export profit of the enterprise was greatly reduced.

In the first half of this year, the appreciation rate of RMB against the US dollar reached 6.5%, which is close to 6.9% of last year's total.

The reduction of export tax rebate rate and the adjustment of processing trade policy have significant impact on enterprises.

In 2006 and 2007, the two reduction of export rebates made a severe test on the profitability of textile and garment enterprises.

Small and medium-sized enterprises which rely partly on export tax rebate to maintain profits have less and less space to live.

In addition, in September last year, the adjustment of national processing trade policy and the tight capital constraints greatly restricted the normal operation of enterprises.

Although some textile and clothing export tax rebate rates have been callback since August 1st, from the current situation, the factors affecting and restricting textile and garment export will exist for a long time, and the external environment will become more severe with the strengthening of trade barriers.

Experts suggest that enterprises should be guided to strengthen brand building, increase investment in science and technology, increase added value of products, enhance the profit margins of China's textile and garment enterprises, strengthen industrial integration, and guide enterprises to cooperate through asset restructuring or enterprise strategy, so as to improve scale efficiency and market pricing power, and reduce market risks of enterprises.