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Textile And Garment Export Growth Slowed Down

2008/11/14 9:26:00 27

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According to the data released by the General Administration of customs, China's textile and apparel exports totaled 153 billion 717 million US dollars in the first half of October this year, up 5.89% over the same period last year.

Industry analysts believe that due to the global financial slowdown caused by the financial crisis, the decline in demand in the US has led to a sharp decline in the growth of China's textile and garment exports. Under the premise of both domestic and external demand, a series of policy benefits can not change the downward trend of the industry.

　　 前10月出口增幅創(chuàng)近6年新低

In October this year, the export volume of textiles and clothing was 16 billion 750 million US dollars, an increase of 9.32% over the same period last year, but it decreased by nearly 1 billion 300 million US dollars from last month, an increase of -6.94%.

Among them, clothing and clothing accessories exported $11 billion 185 million, an increase of 11.54% over the same period, and 5 billion 560 million dollars in textile yarn, fabrics and products, an increase of 14.33% over the same period last year.

Wang Qian, chief editor of the first textile network, said that the 5.89% increase in the first 10 months was 5.19 percentage points lower than that in the first half of this year, down 13.84 percentage points from the same period last year, the lowest in nearly 6 years.

Excluding the factors of the Spring Festival in February, the growth rate of China's textile exports has dropped for the 9 consecutive month since January, indicating that the trend of export deterioration is further expanding.

If we take into account the exchange rate factor, the export volume of textile and clothing calculated in Renminbi in 1-10 months is down by 3.49%, of which 8.83% of clothing and 8.83% of textiles are 8.90%. This is also the fifth month decline in RMB export growth.

The shrinking volume is also reflected in the 104 closing ceremony of the Canton Fair.

Data show that as of November 5th, the textile and clothing hall clinch a deal of 3 billion 420 million US dollars, down 31.5% compared with the previous one.

The main paction area, the European Union traded 1 billion 320 million US dollars, down 28.6% compared with the previous session.

The second place is the United States, a total of 460 million US dollars, down 36.1% from last year.

Wang said that the momentum that barely supported textile exports continued to grow was mainly from Europe. However, the European economy is showing signs of recession, and the RMB appreciation rate for the euro has accelerated significantly. Over the past 4 months, the cumulative appreciation has exceeded 20%. In the future, China's textile exports to the EU are likely to follow the footsteps of the US market.

"The negative growth of export next year has become a conclusion. If the decline in textile exports can be stabilized within -10% from the end of this year to next year, it is an ideal situation."

　　 難改行業(yè)下滑趨勢(shì)

The State Council recently introduced ten measures to stimulate the economy, including the full implementation of the VAT reform in all regions and all sectors of the country starting from January 1st next year.

The pformation of value-added tax will increase the profit of enterprises to a certain extent and alleviate the current tense cash flow in the industry.

According to the preliminary calculation of the first textile network, the total preferential tax benefits enjoyed by the textile industry in 2009 amounted to around 16 billion 100 million yuan.

"Good" is not only here.

In October 21st, the Ministry of Finance announced that from November 1st, the export rebate rate of textiles and clothing increased by 1 percentage points to 14%.

This is the second increase in the year. The export tax rebate rate for textile and garment has increased by 3 percentage points this year.

Zhang Xianping, Donghai securities, said that the annual export tax rebate increased by 3% over 09 years.

If the increase is calculated by 1%, it will increase the profits of Enterprises above the industrial scale in 2009 by RMB 5 billion 935 million yuan. If the effect of the 2% export rebate rate increase in July 2008 is included, the total profit of the industry will be 19 billion 336 million yuan.

But this is just a static calculation.

Dongfang securities Shi Hongmei pointed out that China's textile export enterprises have poor bargaining power, and some of the benefits of raising the tax rebate rate will be shared by foreign businessmen.

She said that the progressive effect of policies will benefit the industry, but can not completely solve the fundamental problems of the industry. The most fundamental problem in the textile industry is the decline in demand and the lack of sales.

In addition to the serious decline in exports, domestic demand is also difficult to open.

Wang pointed out that good is only to solve the cost problem and help enterprises "reduce burdens". Under the influence of demand, the industry has formed a downward trend.