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Shenzhen Port Textile And Garment Exports Reappear Negative Growth

2010/7/5 14:09:00 40

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The recovery foundation is still unstable, and the recovery process of external demand is slow.

According to data released recently by Shenzhen customs, the export of textiles and garments at Shenzhen port in the first 4 months of this year was US $5 billion 970 million, an increase of 16.7% over the same period last year.

Experts said that the current demand for replenishment should still be the main demand, and the recovery process of external demand was still slow. In the first 4 menstrual periods, the export of textile and clothing in Shenzhen port fluctuated larger than the same period last year, and negative growth appeared again in March and April, indicating that the basis for export recovery is still unstable.

Export value rises hard to pull up year-on-year downward trend

Shenzhen customs introduced that the export value rebounded in April, and the decline in exports narrowed to become one of the main features of Shenzhen port's textile and clothing exports.

In 2009, the monthly export of textile and clothing at the port of Shenzhen rose to the highest level of 2 billion 360 million dollars in December last month, an increase of 3.3% over the same period last year, which has achieved the first positive growth since the first half of the year. However, in the first quarter of this year, the ring ratio continued to decline in the first quarter of this year, while the rapid growth momentum of the first 2 months failed to extend in March. The export value rose to 1 billion 510 million US dollars in April, but the downward trend continued to decline 2.6%, a decrease of 11.5 percentage points from last month.

General trade exports account for nearly 8 of the total.

In the first 4 months of this year, general trade exports accounted for nearly 8, and processing trade exports declined.

The export of textiles and garments at Shenzhen port was 4 billion 590 million US dollars in general trade, an increase of 21.6%, accounting for 76.9% of the total value of textile and garment exports at the same time (the same below), 3.1 percentage points higher than that of the same period last year. During the same period, the export volume of processing trade was 830 million US dollars, down 7.6%, accounting for 13.9%.

In addition, it exported 550 million US dollars in two districts and one warehouse, and its growth rate was 23.9%.

Decline in pit exports

The share of Hongkong's pit exports has declined, and exports to the US and Europe have increased rapidly.

In the first 4 months,

Shenzhen port

Hongkong's exports of textiles and clothing for re exports increased by 4%, accounting for 28.1%, representing a decrease of 3.6 percentage points compared with the same period last year.

In the same period, exports to the European Union and the United States were 1 billion 310 million US dollars and 740 million US dollars respectively, with a rapid growth of 55.9% and 30.6% respectively, and 580 million US dollars for ASEAN, an increase of 5.6%.

In addition, exports to Latin America in emerging markets increased by US $330 million, an increase of 16.6%, and exports to Africa amounted to US $280 million, a rapid growth of 45.8%.

Private sector exports accounted for half and rapidly growing.

Shenzhen customs statistics show that in the first 4 months, private enterprises exported textiles and clothing by Shenzhen port for 3 billion 60 million US dollars, an increase of 20.5%, accounting for 51.3%, up 1.6 percentage points from the same period last year.

Over the same period, foreign invested enterprises exported 1 billion 500 million US dollars, an increase of 19%, accounting for 25.1%, and the state owned enterprises exported 1 billion 230 million US dollars, an increase of 2.5%, accounting for 20.6%.

Export recovery is unstable.

Experts believe that with the recent external economic recovery, market confidence has been restored, textile and garment export demand has gradually improved, coupled with the introduction of the "textile industry adjustment and revitalization plan" in 2009, and gradually played an effective role. In February 1st and April 1st, the export rebate rate of textile clothing and clothing has been continuously raised to 15% and 16%, effectively improving the export environment of textile and clothing, and promoting the textile industry to maintain steady growth.

But at present, the demand for replenishment needs to be the main reason, and the recovery process of external demand is still slow. In the first 4 menstrual periods, the export of textile and clothing in Shenzhen port fluctuated year by year, and negative growth appeared again in March and April, indicating that the basis for export recovery is still unstable.

Multiple factors restriction

Exit

increase

Unemployment is still high in major economies, and external demand is picking up slowly.

At present, the international market is still recovering slowly, and the unemployment rate in major developed economies such as Europe, America and Japan is at a historical high level, which restricts the growth of consumer demand.

According to the data released by the European Bureau of statistics in April 30th, the unemployment rate in the eurozone remained unchanged at 10% in March this year, the highest since August 1998, higher than 9.1% in the same period last year. The unemployment rate of the 27 countries in the EU was consistent with that of last month, which was 9.6%, higher than 8.5% of the same period last year, the highest since 2000. The unemployment rate of the 27 countries of the European Union increased to nearly 23 million 130 thousand, 123 thousand more than that of February. At the same time, the US unemployment rate reached 9.7% in March this year, and the recovery of demand still needs a long time, and export growth is relatively weak.

Raw material

Rising cotton prices, rising costs and compressing profit margins are also important reasons for restricting export growth.

According to the global production and demand forecast released by the International Cotton Advisory Committee in May 3rd, the global consumption increased by 4% this year to 24 million 400 thousand tons, but its output dropped by only 22 million 100 thousand tons in third years, resulting in a decline of end to end stock of 10 million 400 thousand tons, down 18% from the same period last year. The supply and demand gap increased to drive cotton prices up. Especially in late April, India's cotton export led to a breakthrough of 90 cents for the CotlookA cotton price index to protect domestic supply disruptions.

In April 26th this year, the CotlookA index rose to 92.30 cents / lb, the highest level since October 11, 1995. It is estimated that the 2010/11 annual average will still reach 85 cents, up 10% over the previous year, and the rise in cotton prices has directly lifted the production cost of textile and garment enterprises.

At the same time, domestic textile enterprises are also faced with multiple pressures such as the continuous increase of workers' wages and the appreciation of the RMB exchange rate, resulting in the sharp compression of profit space and the increasingly difficult operation.

In addition, domestic technical standards are not perfect, and recall events happen frequently.

At present, China's export textile and clothing products still lack the technical quality standard system that is in line with the international standards. In addition, in recent years, more and more attention has been paid to environmental protection and safety issues in Europe and the United States, resulting in the continuous increase of technical barriers in China's textile and clothing, and frequent recall events.

In the first quarter of this year, the European Commission's non food quick warning system (RAPEX) sent 380 European product notifications to China, an increase of 42.3% over the same period, of which 103 were announced to China's textile and clothing products, up 1.1 times compared with the same period last year, accounting for 27.1% of the total number of products exported to China. The US Consumer Safety Commission (CPSC) reported 55 mainland product notifications, a decrease of 12.7% over the same period last year, including 14 textiles and clothing products, an increase of 16.7% over the previous year, accounting for 25.5% of the recall notice of CPSC.

Deepening the revitalization of the textile industry

The Shenzhen customs therefore suggested that we should continue to implement the "textile industry adjustment and revitalization plan" and relevant rules, strengthen the support and guidance for domestic textile enterprises, especially further strengthen the policy tilt of financing support for SMEs, improve the ability of industry to resist risks, set up an international textile industry technical standard and supervision system as soon as possible, strive to improve the quality of export commodities, actively respond to foreign trade frictions, further promote the construction of export products and market diversification, and implement differentiated management strategies, and strive to reduce the impact of upstream raw material price fluctuations on the industry, and enhance the overall competitiveness of the textile industry.