Financial Crisis Affects Export Export Volume

In October, the foreign trade prosperity index closed at 1366.91 points, down 27.18% from the previous period, showing a sharp downward trend; the foreign trade price index closed at 113.34 points, down 7% from the previous period, showing a slight downward trend.

Foreign trade prosperity index declined significantly

At present, the subprime mortgage crisis in the United States has triggered the global financial turmoil and is shaping an economic crisis.

Under this external economic environment, the polarization of textile enterprises is aggravated.

The pressure of difficult enterprises is increasing and capital turnover is even more intense. A number of reasons have led to a marked decline in the October textile foreign trade prosperity index.

The textile market in textile market is sharply reduced.

It is understood that, affected by the global financial crisis, the textile and apparel trade of Textile City in October dropped rapidly, and the export orders decreased by half as compared with that of last year. The foreign trade business of light textile city has been in the most difficult period since 2000. Most of the market operators and trading companies are facing a decline in export performance.

Foreign trade orders for production enterprises have shrunk.

In addition to the reduction of light textile city operators and trade companies, the foreign trade orders of production enterprises have also shrunk.

Because of the shrinking demand in Europe and the United States, some textile printing and dyeing enterprises have seen a sharp reduction in the number of products outside the same period last year.

Some entrepreneurs worry that the impact of the international financial crisis on China may just begin. The uncertainty of future market will bring greater impact on enterprises.

The four leading private textile enterprises and related enterprises are shutting down and are urgently needed to be rescued.

As a pillar of Shaoxing's economy, the textile industry has suddenly entered a crisis. Zhejiang Hualian three Xin Petrochemical Company, Zhejiang Jiang long holding group, Shaoxing Xiaxi town xiaxong Textile Group and Shaoxing County Qixian town five ring spandex industrial group are all well-known companies in Shaoxing. Some are even leading enterprises in the same industry in China. Due to the global financial crisis and heavy financing burden, the financial burden of enterprises is aggravated and is in a predicament.

It is understood that Hualian three Xin, Jiang long holdings, Jin Xiong group, five ring spandex four enterprises are being reorganized.

Textile export price index fell slightly

Export slump, textile industry profit space plummeted.

International crude oil prices fell sharply during the concussion, and sales of polyester raw materials were weak and prices fell.

Chemical fiber industry production and marketing downturn, export decline, factory prices fell for many days.

Fabric exports have declined rapidly, and clothing exports have also declined in a month.

Textile exports and clothing exports declined significantly due to the decline in US demand and economic weakness, resulting in a sharp fall in the price and volume of textile exports.

The United States has issued new regulations on textile and clothing, making export enterprises worse.

In mid October, the US Consumer Product Safety Board (CPSC) announced new regulations for importing textile and clothing products in the US market.

According to the new regulation, the import and export of textile and apparel products that do not conform to the US safety regulations will not only be destroyed but also severely punished. This is undoubtedly adding to the burden of some textile and garment export enterprises in Shaoxing.

Affected by this, international textile and apparel public products orders, foreign businesses continue to lower prices, so that the export price index showed a slight downward trend.

Lack of external demand and weak market.

The US market has evolved into a global financial crisis due to the subprime mortgage crisis. The purchasing power of us major customers has continued to decline, and exports to the US have been on the decline.

The EU economy is also affected by the global financial crisis and high exchange rate and high inflation, and the market is serious.

This year, European clothing companies have already offered a discount of two months, indicating that the current sales situation is not satisfactory.

This year, exports to the traditional entrepot market, such as the Hongkong region of China and the United Arab Emirates, Singapore and Panama, also showed a downward trend, especially for the export of the third major export markets in China's Hongkong region, showing a significant downward trend.

To sum up, the international market prices of textile products are higher than those of other merchants.

Corporate profits are small and thin to protect the international market.

In view of the new situation of foreign textile orders being kept under constant pressure, Shaoxing textile enterprises should adopt a way of ensuring market and guaranteeing survival so as not to stop production stagnation and keep the market from losing.

In order to prevent the downtime and the loss of orders, some enterprises are reluctant to take orders even if their profits are small. Some production enterprises, in order to alleviate the pressure on capital, take measures to reduce prices, and do everything possible to return the funds.

Some entrepreneurs say that it is understandable for small businesses to shut down and shut down businesses, but big businesses have to keep up even if there is no profit or even loss, otherwise they will lose the international market.

　　預計11月份出口景氣指呈小幅攀升走勢。   

Since November 1st, the tax rebate rate of some textiles and garments has increased from 13% to 14%, an increase of 1%.

The export tax rebate rate has increased, and about 3700 enterprises in Shaoxing have benefited.

If the export volume is calculated in September, it is estimated that the export enterprises in Shaoxing will have an additional tax rebate of 180 million yuan.

The export tax rebate rate increases, to a certain extent, alleviate the pressure of textile enterprises.

The country has raised the export tax rebate rate for two consecutive times this year. It is seen that the labor intensive enterprises such as textile and garment industries are affected by the global financial crisis and the reduction of international market demand in this year's macroeconomic situation. The adjustment of policies made by them in the face of difficulties also shows the confidence of the state in stabilizing exports.

Part of the regulatory model of Shaoxing textile enterprises and light textile city before shop, factory type cloth company due to product pformation and upgrading, the latest research and development of innovative and innovative fabrics have attracted the attention of foreign counterparts, and there is still room for expansion in international marketing. Therefore, the export prosperity index has a slight upward trend.