Guangdong Garment Exports Continued To Decline In July

According to customs statistics, Guangdong exported garments 13 billion 280 million US dollars in 1~7 months, down 31% compared with the same period last year.

Among them, except for January and March, the decline in exports in other months was close to or more than 30%.

Affected by the callback of the export tax rebate rate, some export enterprises await policy adjustment. Clothing exports in 6 and 7 months declined significantly, and exports were 2 billion 180 million US dollars and 2 billion 480 million US dollars, respectively, by 53.7% and 29.6% respectively.

In 1~7 months, Guangdong's general trade export clothing was 7 billion 390 million US dollars, a sharp decrease of 47%, while processing trade export clothing 5 billion 150 million US dollars, a slight increase of 6.8%.

The United States has always been the main market for clothing exports in Guangdong. Due to the subprime mortgage crisis and weak economic growth, Guangdong exported $1 billion 940 million to US $25.1% in 1~7 months, and exports to China's Hongkong and Japan markets decreased by 22.5% and 27.7%, respectively, for 3 billion 420 million US dollars and 430 million US dollars.

The EU export quotas have been accelerated in the early part of the year.

In 1~7 months, Guangdong exported $3 billion 390 million to the EU, which surged by 75.7%.

At present, garment export enterprises are facing difficulties, especially in the private enterprises dominated by small and medium-sized enterprises.

In 1~7 months, private enterprises in Guangdong (including collective enterprises, private enterprises and other enterprises) exported garments of 5 billion 220 million US dollars, down 55.5%, of which private enterprises exported 4 billion 660 million US dollars, down 57.7%, accounting for 89.3% of the total export volume of private enterprises.

However, foreign invested enterprises exported only 5 billion 440 million US dollars, an increase of only 7.6%.

As the garment industry, the Pearl River Delta region's clothing exports were more than 10 billion 350 million US dollars, down 36.9%, accounting for 77.9% of Guangdong's exports.

Among them, under the multiple pressures, the export of Shenzhen area which has been maintaining high speed growth in recent years has dropped significantly. In 1~7 months, Shenzhen's clothing exports were 4 billion 480 million US dollars, down 58.9%.

The announcement of the new export tax rebate rate policy will relieve the pressure of Guangdong's clothing export to a certain extent.

However, Guangdong clothing enterprises should not rely too much on the support policies of the state. Instead, we should seize the opportunity of "double pfer" strategy of industries and labor, optimize the structure of export products, increase the added value of export commodities, accelerate the pace of upgrading industries, and strive to maintain the dominant position of Guangdong's clothing exports.