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    Textile Exports Continue To Grow Faster Than Clothing.

    2010/7/17 11:13:00 77

    Customs

      

    Textile exports in the first half of the year

    Amount of money

    Driven by rising demand and rising prices, we have seen a larger increase, which is in line with our expectations at the beginning of the year.

    In the first half of 2010, China's textile and apparel exports totaled US $88 billion 878 million, an increase of 22.04% over the same period last year.

    Among them, the total export of textiles was 35 billion 652 million US dollars, the total export volume of clothing was 53 billion 226 million US dollars, the growth rate was 32.31% and 16.02% respectively, and the export amount increased considerably, and it exceeded the 08 level in the same period.

    In the first half of this year, the driving force of textile and garment export growth came from 2 factors: first, the global economy is recovering, and demand is gradually rising; the two is the price of export products.

    The increase in export amount in the first half of the year is in line with our judgment on export growth at the beginning of the year.


    Textile exports continued to grow faster than clothing, and the global textile industry continued to recover.

    At present, the growth rate of textile exports is faster than the growth rate of clothing. This situation has lasted for 9 months, and textile exports in the first half of 2010 reached US $35 billion 700 million, exceeding the level of 08 years (08 US dollars for the same period of 32 billion 400 million US dollars), and the textile export volume has recovered to 08 years after deducting the influence of product prices and other factors.

    This shows that with the improvement of the international economic situation (especially the United States), the whole world

    Spin

    The operating rate of enterprises has further recovered, and the global textile industry continues to recover.


    In the second half of the year, we expect that the growth rate of textile and garment exports should be "first high and low", and the annual growth rate will still exceed 10%.

    At present, the production orders of textile and garment export enterprises have all been in the three quarter, so the export growth of domestic textile and garment in the three quarter will still be guaranteed.

    Due to the decline in the volume of EU's orders, the export growth rate is expected to decline in the fourth quarter, depending on the order of enterprises in the three quarter.

    But for the whole year's growth, as the growth rate of the first half of this year is large and the growth rate of the three quarter will not drop much, we still believe that the annual growth of textile and garment exports will be over 10%.


    RMB appreciation will lower domestic exports.

    Customs

    In addition, the appreciation of RMB has a greater impact on small and medium-sized enterprises, and has limited impact on the leading industries in the industry.

    The appreciation of the renminbi will make the export data "virtual high", and the actual export (RMB) is lower than the customs statistics.

    In addition, textile and garment subdivision has an impact, but because leading enterprises have long-term stable customer base, strong R & D and bargaining power, and bank operation, the impact of RMB appreciation can be reduced to a minimum.

    Therefore, the appreciation of RMB has a greater impact on small and medium-sized enterprises, and has limited impact on the leading industries in the industry.


    Short term labor costs have great impact on large enterprises, but they are conducive to the development of leading enterprises in the long run.

    The general increase in labor costs will lead to an average increase in production costs between 3% and 6%.

    Nearly 70% of the small and medium enterprises in China profit margins below 4%, and higher costs will lead to losses for small and medium-sized enterprises.

    For large enterprises with a profit margin of over 10%, especially for the leading enterprises in the fine molecular industry, the industry norms will be conducive to the development of these leading enterprises due to the withdrawal of small and medium-sized enterprises.


    Focus on listed companies.


    We still believe that we should pay more attention to export companies such as Lu Tai A, printing and dyeing, subsidiary materials, Weixing shares, hang min shares, Zhonghe shares, yarn leading enterprises, Huamao shares, Huafu color spinning, etc.

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