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Cotton Supply Is Tightening &Nbsp; Shandong'S Textile Exports To Japan Are Grim.

2010/8/30 14:27:00 40

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Shandong

The provincial chamber of Commerce was informed that, influenced by multiple factors, our province exported $2 billion 300 million to Japanese textile and clothing in the first 7 months of this year, an increase of 4.2% over the same period last year, an increase of 12.9 percentage points below the average daily export growth.

Among them, exports of textiles amounted to 600 million US dollars, an increase of 13.9%, and clothing exports of US $1 billion 700 million, an increase of 1.1%.

Looking forward to the coming months, our province's textile and garment export to Japan will become increasingly grim.

Qi Xueyong, director of the foreign trade division of the Shandong Provincial Department of Commerce, analyzed that the main reason for this phenomenon is tight supply of cotton.

Price

Rising rapidly.

Cotton prices have been rising since the end of last year, rising 37% in the first half of this year, and domestic cotton prices are approaching the highest level in 15 years.

High cotton prices will drive cotton yarn.

cotton

And other raw material prices further rise, our textile enterprises are facing greater cost pressures, and the profit margins of enterprises are further compressed.

At the same time, Japan's tariff reduction will reduce the competitiveness of our textile and garment exports to Japan.

Japanese officials are preparing to revise the preferential tariff system for importing products from developing countries, which will reduce the discount rate.

Japan's preferential tariff is 5 billion 500 million yen, of which about 20% is used by our country.

The tariff increase will further enhance the export price of our textile and clothing to our province and reduce the competitiveness of our products in the Japanese market.

In addition, some ASEAN countries have taken advantage of the low cost advantage to occupy the market share of our textile and apparel low-end products.