Review And Comment: How Does The Growth Rate Of Textile And Clothing Export At Shanghai Port Grow Against The Trend?

In the first half of this year, China's textile and apparel exports amounted to eighty-one billion six hundred and eighty million US dollars, an increase of eleven point one percent compared with the same period last year, and the growth rate dropped six point two percentage points.

According to Shanghai customs statistics, the total export volume of textiles and clothing at Shanghai port reached thirty-two billion three hundred and ninety million US dollars during the same period, an increase of nineteen point eight percent, and the growth rate increased by twelve point four percentage points.

Under the background of the US subprime crisis, labor and raw material costs, export tax rebate rate reduction and international economic growth slowing down, how can Shanghai port's textile and garment exports withstand pressure and growth?

According to the analysis of the industry, it is the three main reason for some traditional export markets to achieve restorative growth, the export market to diversify gradually, and export enterprises to optimize the product mix and defuse risks.

According to the analysis, the European Union and the United States are the top two markets for textile and garment exports at the Shanghai port. In the first half of this year, the Shanghai port's export to the US slowed down due to the dual impact of RMB appreciation and the subprime crisis.

But at the same time, Shanghai port's rapid growth in exports to the EU increased by twenty point eight percentage points year-on-year, partly offset the reduction in US exports.

In addition, in the first half of last year, Shanghai port had a negative growth in textile and garment exports to Japan, Hongkong and Korea, and in the first half of this year, the port resumed growth in the three places.

While maintaining the traditional export market, Chinese textile and garment enterprises also strive to open up new markets and gradually diversify the export market.

In the first half of this year, Shanghai port's exports to ASEAN and Africa increased by 28% and 14% respectively, and their growth rates increased by twenty-four and fourteen point two percentage points respectively.

By optimizing the structure of export commodities and improving the quality of products, some Chinese textile and garment export enterprises have better resolved some risks, especially private enterprises with flexible production and management methods.

Faced with the pressure of export environment, private enterprises have withstood pressure from the flexible operation mechanism, and their export volume and volume have maintained high growth since the beginning of this year.