Analysis Of China'S Textiles Import And Export In The First Three Quarters Of 2008

The single month performance in September was not satisfactory, with an export value of US $18 billion 404 million, which was lower than that in August.

Overall, the export of Chinese textile and clothing products in July has reached 19 billion 66 million US dollars, and the trend of innovation is high. But in the fourth quarter, the growth rate of China's exports may be only single digits.

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Among them, textile imports showed negative growth (-1.28%), reaching 12 billion 426 million US dollars, while garment imports increased significantly, and grew by 22.07% over the same period, reaching US $1 billion 767 million.

Global financial crisis affects market

Meanwhile, consumer spending, which accounts for the largest share of the US economy, has declined for the first time in 17 years, warning that the US economy may be in the worst recession in nearly 30 years, and the next economic growth is expected to deteriorate further.

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On the one hand, the US market share has shrunk, down 0.3% from the same period in 2006, and on the other hand, the global market demand has shrunk due to the spread of the US financial crisis.

Over the past 3 years, the growth of China's textile exports and sales in Asia, EU, Africa and North America has shown a downward trend.

Although exports to the EU in the first 3 quarters of this year amounted to US $30 billion 414 million and grew by 38.34% over the same period, the spread of the US financial crisis has affected the main economies of Germany and Britain.

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At present, major textile groups in the United States have put forward multiple plans including countervailing measures, anti-dumping investigations and defensive measures against specific products.

And US President elect Barack Obama's tough textile policy stance may be bad for China's textile products to sell and sell to the US in the future.

The unit price of American products has grown faster, with a growth rate of 5.64%.

Under the pressure of RMB appreciation, the adjustment of export unit price has become an inevitable trend. However, the limited space of price fluctuation, the rising labor and raw material costs, the increasingly stringent supervision and control of the Chinese government, and the appreciation of the renminbi have greatly reduced the profit margins of China's low-cost manufacturers.

Then, the textile industry biased towards the development mode of producing high value added goods, making China's manufacturing cost advantage less than before.

For example, the DuPont Co plans to put forward a concrete plan to expand the Chinese market next year, while DuPont is very ambitious to win the loss of orders in the European and American markets from the Chinese market. Although China has a large consumer population of more than 1 billion 300 million people, in the face of such a situation, the competition of China's textile industry in the coming years is bound to become more incandescence.

According to the latest data from China's National Bureau of statistics, China's gross domestic product (GDP) in the first 3 quarters of this year grew by 9.9% over the same period, but 2.3 percentage points lower than the same period last year.

In September this year, the consumer confidence index was 93.4, down 0.3 from August, the consumer satisfaction index was 90, down 0.2 compared with August, and the consumer expectation index was 95.6, down 0.4 compared with August.

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In addition, in the first 9 months of this year, the export volume of China's textile and garment products was calculated at an average interest rate of 0.1%, and there was virtually no profit.