Weihai, Shandong: Exports To Japan'S Textile And Clothing Amounted To 140 Million US Dollars &Nbsp, An Increase Of 4.3% Over The Same Period Last Year.
September 1st, the first 7 months of this year, our city exported $140 million to Japanese textile and clothing, an increase of 4.3% over the same period last year, compared with the same period last year.
Exit
The growth rate has slowed down compared with the increase of 9.9%.
It is reported that the city led to Japan.
Textile and clothing
There are three main reasons for the slowdown in export growth: first, domestic
cotton
The price has reached the highest level in 15 years, rising only 37% in the first half of this year. The increase of cost has further reduced the profit margins of enterprises. Secondly, Japanese officials are preparing to modify preferential tariff system for imported products from developing countries and reduce the discount rate, which will further increase the price of textile and clothing exports to Japan, thereby reducing the competitiveness of products in the Japanese market. Third, the garments from Vietnam and other ASEAN countries enjoy zero tariff treatment for Japanese exports, thus relying on low cost advantages to occupy the market share of our low-end textile products.
Take Vietnam as an example. In the first 7 months of this year, its exports to Japan's textile and clothing increased by 23%.
To cope with the severe situation of textile and garment exports to Japan, we will organize enterprises to participate in the fourteenth China Shandong Export Commodities Exhibition (Japan) on the one hand, and further increase the policy subsidy for booth fees, pportation costs and public publicity fees.
On the other hand, we should seize the current strategic opportunities for domestic enterprises to acquire Japanese enterprises, and promote the merger and acquisition of our textile and garment enterprises with strong R & D capability, perfect sales channels and mature brands.
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