Guangzhou Textile Clothing Exports Narrowed To Meet Challenges

According to customs statistics, the export of textiles and garments (including textile yarns, fabrics and products, clothing and accessories) in Guangzhou customs ports in 2008 was 5 billion 690 million US dollars, a slight increase of 1.2% over the same period last year.

Among them, clothing exports amounted to 3 billion 670 million US dollars, basically unchanged from 2007, with an increase of only 0.7%, and textile exports of US $2 billion 20 million, an increase of 2.1%.

In 2008, the textiles and garments exported through the Guangzhou customs area showed the following characteristics:

Exports declined significantly in the second half of the year.

In the second half of 2008, garment export in Guangzhou customs area declined from 10.8% in the first half of the year to 7.3%, and textile exports increased 3.1% in the first half of the year, narrowing to 1.2% in the second half.

Among them, from August 2008 to December, clothing exports continued to decline year-on-year, from 7.3% in August to 12.5% in December, while textile exports began to decline in November and 11.6% in December textiles.

Processing trade and general trade increased year by year.

From the perspective of trade, the annual textile and garment processing trade and general trade respectively exported 3 billion 20 million US dollars and 2 billion 660 million US dollars, respectively, with a slight increase of 0.75% and 1.5% respectively. Among them, the general trade export continued to decline since August, and the drop in October to December was around 20%.

As the main export force, the export of foreign investment enterprises and private enterprises has slowed down.

Foreign invested enterprises and private enterprises are the main force in exporting textiles and clothing through the Guangzhou customs area. The export volume in the second half of 2008 was 3 billion 680 million US dollars and 1 billion 250 million US dollars respectively, up 3.1% and 2% compared with the same period last year, and two accounted for 86.6% of the total value of textile and clothing exports.

Exports to Hongkong dropped by 10%, and exports to other major markets continued to grow.

The textiles and clothing exported to Guangzhou, Hongkong, the European Union, the United States and ASEAN account for 80% of the total value of textile and clothing exports.

The total value of textiles and clothing exported to China's Hongkong was 2 billion 370 million US dollars, a decrease of 10.1%. The EU's 1 billion 30 million US dollars maintained a substantial increase of 63%, while the US and ASEAN exported 830 million and 340 million US dollars, respectively, by 3.7% and 16.3% respectively.

In addition, Africa and the Middle East countries increased by 49.8% and 16.7% respectively.

In order to maintain steady growth in exports, China's export rebate rate has been adjusted for two times in the second half of this year, and the "margin pfer" policy of the 272 margin codes of the textile products category has been suspended.

However, from the overall situation of exports through the Guangzhou customs area, the policy rebound has not been able to quickly resist the impact of the financial crisis on the decline in demand.

Under the encouragement of a series of policies of the government, textile and garment enterprises will face great challenges to successfully pass the "cold winter" period.