Review: Lack Of Support For &Nbsp; Overall Fluctuations In Exports

According to customs statistics, this year, 1~10 months, the whole country Textiles and garments The total volume of imports and exports totaled 149 billion 910 million US dollars, down 11.5% from the same period last year, of which exports were US $136 billion 330 million, down 11.3% compared to the same period last year, and imports of US $13 billion 580 million, down 13.2% from the same period last year. The surplus reached $1227.5, down 11.1% compared to the same period last year. In October, exports of textiles and clothing were US $14 billion 650 million, and exports decreased by 12.5% compared with September. The import of US $1 billion 320 million is down 12.7% compared with the ratio in September. Imports and exports fell again to two digits, reaching 14.6% and 12.5% respectively.

Last October was the month when exports grew more frequently, with an increase of 12.5%. Under such a high base condition, exports in October failed to continue the recovery trend in September and fluctuated again. In the same month, textile and garment imports and exports fell to two digits compared to the same period.

　　 European Union Rebound with Japan

EU market: in the three traditional markets, the EU market rebounded weakest. Exports to the EU dropped by 8% in October, a 3.5 percentage point increase from September. Among them, textiles dropped by 7.7%, clothing decreased by 8.1%, and clothing decreased by more than that of textiles. In 1~10 months, the total exports to the EU dropped by 8.3%, of which 14.4% of textiles and 3.9% of clothing. The unit price of various commodities exported to EU has all declined, and the export price of garments (only knitted apparel and woven garments) has dropped by 4.3%. In the month of October, the unit price of clothing exports to the EU dropped by 11.1% over the same period last year, down by 4.4% compared with the same period. The export of silk and woolen garments decreased rapidly, and the export of bulk commodity cotton and chemical fiber clothing decreased slightly.

　　 U.S.A Market: exports to the US market rebounded and resumed growth, but export unit prices were hard to see. In October, China's exports to the United States increased by 6.2% over the same period last year, but export prices were still falling. In October, the unit price of garments exported to the United States dropped by 21%, without any signs of rebound. In 1~10 months, the cumulative export volume of the US increased by 1.5%, increasing by month, mainly by 5% of clothing and 8.2% by textiles. The unit price of the total export garments of the United States dropped by 15.6%.

Japanese market: exports to the Japanese market are steady. In October, exports to Japan failed to maintain the September growth rate, down from the same period last year, but fell by only 1.6%. Mainly driven by clothing, clothing exports fell by 7.7%, and textiles grew by 31.4%. In October, the unit price of Japanese clothing exports fell by 6.7%. In 1~10 months, the cumulative export volume to Japan increased by 1%, of which 0.5% of clothing and 3.7% of textiles. The unit price of Japanese exported garments increased by 0.6%.

Emerging markets and peripheral markets: exports have declined rapidly, and the market has failed to recover. In October, China's exports to other markets except the European Union, the United States and Japan dropped by 21.2%, while exports to the three largest markets in Europe, the United States and Japan fell by only 1.6% during the same period. ASEAN's textile market is promising. Since the beginning of the year, the export of ASEAN's yarn fabrics has shown a marked upward trend, and the cumulative decline is decreasing month by month. In October, the total exports to ASEAN declined by 3.6%, of which the yarn fabric decreased by 1.6%. In 1~10 months, China's total exports to ASEAN decreased by 8.1%, of which 8.7% of yarn fabrics decreased.

Exports of general trade declined the least.

In October, exports of general trade fell by 6.9%, a decrease of 3.5 percentage points from September. In the main trade modes, only general trade will remain single digits in the same period. In 1~10 months, the cumulative export volume of general trade decreased by 7.8%, the lowest in all major trade modes. The downward trend of processing trade has slowed down. Exports dropped by 13.3% in the month of October, although the increase was larger than in September, but expanded by less than 1 percentage points. Exports fell by 15.9%. In 1~10 months, the total export volume of processing trade decreased by 16.2% and imports decreased by 18%. Exports of small frontier trade continued to decline sharply compared with the same period last year, a decrease of 63.8% this month, the largest month of export decline in the year, a decrease of 12.5%. The total exports in 1~10 fell by 48.7%, of which exports to Kazakhstan, Kyrgyzstan and other countries fell sharply, which became the main reason for the decline in the overall export volume of small frontier trade.

Obvious fluctuations in clothing exports

In October, China's textile exports decreased by 4.8% compared with the same period last year, while clothing decreased by 16.3% compared with the same period last year. The decline in clothing exports dropped to two digits again, which is more than doubled in September, and the fluctuation is more obvious. Comparatively speaking, the export of textiles has changed slowly, and there has been no sharp drop. The decline is only 0.1 percentage points larger than that in September, and the export trend is stable.

In October, the export price of global garments (including woven garments and knitted garments) decreased by 2.8% compared to the same period last year, and the decline continued to expand compared with September. Among them, the traditional market has declined in an all-round way, and the decline has exceeded the average value. The unit price of exports to the United States dropped by 21%, down by 11.1% to the European Union, and by 6.7% from Japan. In 1~10 months, the unit price of global garment exports increased by only 3.7%, an increase again compared with that in September. Among them, the export price of garments for the European Union decreased by 4.3%, and the unit price of garments exported to the United States dropped by 15.6%. The export price of yarns and fabrics has fallen completely, and there is no rebound trend yet.

Overall decline in imports of textiles and garments

In October, China's textile and apparel imports decreased by 14.6% year-on-year, mainly due to the decline of textiles, especially fabrics and finished products. Fabrics and manufactured goods respectively increased the total import volume by 9.4 percentage points and 3 percentage points respectively, while the yarn played a positive role in promoting 1.1 percentage points. The stability of downstream fabric exports has contributed to the growth of yarn imports. In October, the export of fabrics was stable, and the decline did not enlarge again. The export to ASEAN was mainly processing trade, showing signs of rebound. In 1~10 months, the total decline in clothing imports reached 22.4%, the fastest decline in major categories of commodities. Textiles decreased by 11.9%, of which fabrics and finished goods decreased by 17.1% and 14.5% respectively, and the growth of yarn continued to expand, with a cumulative increase of 1.1%.

There is little change in the unit price of imports of all kinds of textiles, of which the total import price of yarn has dropped by 4.9%. The unit price of clothing imports is still growing rapidly, and the total import price of knitting and woven garments has increased by 1.1 times.

Double growth of import and value of raw materials

In October, the number of imports of raw materials kept growing, an increase of 17.5% over the same period last year, and the first 1.9% positive growth of imports in the year. The monthly import volume decreased by 7.2%, and the import volume increased by 0.6%. The import volume and value of cotton rebounded, and 118 thousand tons were imported in October, an increase of 16.1%. The import volume of chemical fiber and polyester fiber decreased by 33.2%, and wool tops increased by 4.8%. Although the United States is the largest cotton supplier, but because of the reduction in the supply of cotton and cotton, China's imports of cotton from the United States dropped sharply, and the import volume dropped 55% in the same month. Meanwhile, the supply of India cotton increased significantly, filling the gap between the US and cotton. The number of cotton imports from India increased by more than 300 times in that month. The unit price of raw materials decreased by 13.2% compared with the same period last year, of which cotton fell by 16.3% and chemical fiber decreased by 1.2%. The monthly import price of raw materials increased by 8.4% over the same month, of which cotton increased by 1% and chemical fiber increased by 5.4%. The total import volume and value of raw materials decreased by 16% and 30% respectively in 1~10 months. The unit price of imports dropped by 16.7%.

The import of textile machinery failed to continue to pick up, and the decline was enlarged again. In October, import of textile machinery did not continue to pick up in recent months, and imports of US $170 million in the same month, down 10.1% compared with the same period last year. The decline is larger than that in September, and the decline in import ring ratio reached 28% in that month. Asia's imports from major markets declined by 18.9%, and imports from the EU dropped by 33.9%. In 1~10 months, the import of textile machinery decreased by 40% compared with the same period last year.