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    Main Textile Export Market Warmer In The First Half Year

    2010/9/1 9:11:00 71

    Textile Export

     

    Monthly export situation of China's major export markets from 2008 to June 2010 (US $100 million)



    Source: China Textile Industry Association


    Suffer

    global economy

    Slow recovery and low export base last year.

    raw material

    The rise of cost and price led to a slight increase in the prices of some export products. In the first half of the year, China's textile and clothing export situation was warmer. Our main export markets, the EU, the United States, Japan and ASEAN also showed a rising trend.

    In the second half of this year, influenced by many uncertainties, exports are expected to continue to grow, but the growth rate will fall somewhat in the first half of the year.


    According to customs statistics, in the first half of this year, China's total exports of textiles and clothing amounted to 91 billion 345 million US dollars, an increase of 22.26% over the same period last year, accounting for 12.96% of the total exports of the country.

    In June, exports of textiles and clothing in the month of June were 19 billion 142 million US dollars, an increase of 33.77% over the same period last year, an increase of 13.2% over the previous year, an increase of 458 million US dollars compared to the peak before the financial crisis (up to 18 billion 684 million US dollars in July 2008), basically recovering to the level before the financial crisis.


    The European Union, the United States and Japan are still our country.

    Textiles and garments

    The most important export market.

    In the first half of the year, China exported $19 billion 389 million, US $14 billion 992 million and US $9 billion 965 million to the European Union, the United States and Japan respectively, representing an increase of 18.54%, 28.18% and 1.49% compared to the same period last year, accounting for 21.23%, 16.41% and 10.91% respectively in the total export volume of textiles and clothing in China.

    The total export volume of the above three markets accounts for nearly half of the total value of China's textile and garment exports.


    Rapid growth of EU market


    In the most severe months of the debt crisis in Europe, China's textile and clothing exports continued to grow strongly.

    Of course, influenced by lagging effect, textile and garment exports fell to a low level in 3~4 months this year, but then rebounded quickly.

    In 2010 1~6, China's textile exports to the EU amounted to US $5 billion 346 million, an increase of 30.92% over the same period last year, and exports of clothing amounted to US $14 billion 43 million, an increase of 14.42% over the same period last year.

    In the month of June, the total export volume of textiles and clothing reached US $4 billion 573 million, an increase of 31.82%, an obvious increase.

    Textile exports amounted to $956 million, an increase of 10.05% over the previous year, a decrease of 4.88% compared to the same period, and clothing exports of $3 billion 617 million, an increase of 24.64% over the previous year and a 46.81% increase over the same period.


    According to the latest statistics from the European Union statistics bureau, in July 2010, the economic confidence index of the 27 European Union countries and 16 euro zone countries rose by 102.2 points and 101.3 points respectively, which was 1.9 points higher than that in June 2010 and 2.3 points respectively.

    The economic recovery process of the European industrial sector is expected to continue in the coming months.

    China's textile and clothing exports to the region continued to recover.


    The US market is clearly recovering.


    In June, the retail sales of clothing products in the United States increased by 5.91% over the same period last year, reversing the three consecutive month of decline in March, April and May. In May, the stock of clothing products decreased by 5.40% compared with the same period last year. The decline was narrowed for 4 consecutive months, and the willingness to replenishment was increasing.

    Under this situation, China's textile and clothing exports to the US market have obviously recovered in the first half of this year.

    In 2010 1~6, China's textile exports to the United States amounted to US $4 billion 795 million, an increase of 34.77% over the same period last year, and clothing exports amounted to US $10 billion 197 million, an increase of 25.73% over the same period last year.

    In the month of June, the total export volume of textiles and clothing reached US $3 billion 446 million, an increase of 29.56% over the same period last year, and a 16.57% increase over the same period.

    Among them, textile exports amounted to 997 million US dollars, an increase of 9.76% over the same period, an increase of 2.25% over the same period, and a 2 billion 449 million increase in clothing exports, an increase of 19.81% over the same period last year, a 23.62% increase in the ring.

    Replenishment is a short-term behavior, and it lacks support from consumers' purchasing power. Therefore, the growth rate of textile and clothing exports to the US in the second half of this year is expected to slow down.


    Slow growth in Japanese market


    In June, the retail market in Japan continued to slump, and sales fell 3% year-on-year, which is the 10 consecutive month of decline.

    Sales of textiles and clothing also shrank, down 4.5% from a year ago, down 9 consecutive months.

    Clothing prices fell by 0.5% in June because of the sluggish demand and the inability of clothing retail prices to rise.

    Since the outbreak of the financial crisis, the Japanese market continued to slump, directly affecting China's exports to Japan.

    In the first half of the year, China's textile and clothing exports to Japan did not increase significantly, showing a slow growth trend.

    In 2010 1~6, China's textile exports to Japan amounted to US $2 billion 94 million, an increase of 10.79% over the same period last year, and clothing exports amounted to US $7 billion 870 million, down 0.72% from the same period last year.

    In the month of June, the total volume of textiles and clothing exported to Japan amounted to US $1 billion 552 million, an increase of 15.66% over the same period last year and a decrease of 0.88% over the same period.

    Among them, textile exports amounted to 367 million US dollars, an increase of 3.54% over the same period, an increase of 3.71% over the same period, and a 1 billion 185 million increase in clothing exports, an increase of 12.12% over the same period last year and a decrease of 2.22% over the same period.

    It is expected that textile and garment exports will continue to grow slowly in Japan in the second half of this year.


    ASEAN market growth significantly


    Since the launch of the China ASEAN Free Trade Area in January 1st this year, the textile and clothing trade in China has been very active in the first half of this year, thanks to the preferential policies that China's textiles and dresses are allowed to enter the 10 ASEAN textile market.

    In addition, for export enterprises, ASEAN can be processed locally and then exported to the European and American markets, which can effectively avoid trade friction, reduce trade risks and regain opportunities for development.

    At the same time, trade with ASEAN can be traded in Renminbi, which will reduce the loss of exchange rate.

    Therefore, it is conducive to China's textile and clothing exports to ASEAN.


    In the first half of this year, China's textile exports to ASEAN amounted to US $4 billion 761 million, an increase of 47.04% over the same period last year, and clothing exports to ASEAN reached US $1 billion 892 million, an increase of 39.41% over the same period last year.

    Textile trade between China and ASEAN countries is more focused on textiles such as yarns, cotton fabrics, chemical fabrics and so on.

    In the first half of this year, nearly 72% of China's textile and clothing exports to ASEAN were exported to textiles, and exports to ASEAN exceeded Japan as the third largest textile export market.

    The expected growth in ASEAN exports will last until the end of the year.

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