Since August 2010, The Scale Of Garment Exports In Guangdong Has Continued To Shrink.

According to Guangzhou customs statistics, 1-10 months in 2010, Guangdong exported.

Since the beginning of this year, the textile and clothing exports in Guangdong have increased year-on-year, except for a slight decrease in March, especially since May, and maintained a two digit growth rate.

Since July, the export volume has been shrinking since August, and the export volume of textiles and garments in October has increased by 3 billion 120 million US dollars, an increase of 19% over the same period last year, a decrease of 8.7% over the same period.

Guangdong textile and clothing general trade exports accounted for more than 6.

In 1-10 months, Guangdong exported 18 billion 560 million dollars of textile and clothing in general trade mode, an increase of 34.3%, accounting for 61.3% of the total value of Guangdong's textile and garment exports in the same period, and 9 billion 830 million US dollars in processing trade, an increase of 6.2%, accounting for 32.5%.

Among them, the single export in October was $1 billion 960 million in general trade, an increase of 29.5%; exports in processing trade amounted to $980 million, an increase of 4.5%.

Private enterprises and foreign-invested enterprises are the main export force.

In 1-10 months, Guangdong's private enterprises exported 12 billion 450 million dollars of textile and clothing, an increase of 34.3%, accounting for 41.1% of the total value of Guangdong's textile and garment exports in the same period.

Over the same period, Guangdong's foreign-funded enterprises exported textile and apparel products to US $12 billion 270 million, an increase of 14.8%, accounting for 40.5%, and state-owned enterprises exported 4 billion 690 million US dollars, an increase of 9.2%, accounting for 15.5%.

Export growth to Hongkong is lower than other major traditional markets, and exports to emerging markets keep growing.

In 1-10 months, Guangdong exported 8 billion 30 million dollars to Hongkong's textile and apparel products, an increase of 6.4%, and exported 6 billion 20 million, 5 billion 280 million and 2 billion 180 million dollars to the European Union, the United States and ASEAN respectively, 28.6%, 35.3% and 17.8% respectively.

The total exports of the above 4 markets account for 71.1% of the total value of Guangdong's textile and garment exports over the same period.

In the same period, Guangdong exported $2 billion 70 million, $1 billion 800 million and $1 billion 70 million to the Middle East, Latin America and Africa, respectively, by 14.1%, 60% and 14.1% respectively.

Shenzhen's exports increased for 6 consecutive months, while the rest of the main export areas grew steadily.

In the 1-10 months of this year, Shenzhen exported 9 billion 710 million dollars of textile and clothing, an increase of 18.6%, accounting for 32.1% of the total textile and garment exports of Guangdong in the same period. As a "big exporter", Shenzhen has maintained growth for 6 consecutive months, and exported 1 billion 50 million US dollars in October, an increase of 19.3%.

Over the same period, Guangzhou, Dongguan and Foshan exported textiles and clothing 5 billion 390 million US dollars, 4 billion 380 million US dollars and 2 billion 310 million US dollars respectively, representing an increase of 20.8%, 29% and 21.2% respectively.

{page_break}

In August, there were two reasons for the shrinkage of Guangdong's textile and garment exports. First, the rise in cotton prices affected the export of the terminal market.

In the domestic spot market, China's cotton price index (grade 328) was 28891 yuan per ton on 08 November, up 733 yuan per ton.

At the beginning of this year, China's cotton price index was 15000 yuan / ton, or more than 90%.

In the past two months, cotton has risen more rapidly. According to the monitoring data of China Cotton Association website, the cotton price (grade 328) index of China in September 1st was only 18002 yuan / ton, up from 28891 yuan / ton in November 8th, and the rate of increase has reached 60.49%.

The rise of cotton prices has also led to the rise in prices of other fabrics such as chemical fiber, and textile and garment export enterprises have not been able to connect from the financial crisis to today's single dare.

Two, the appreciation of the RMB against the US dollar affects the export market.

Since the central bank announced the reform in June 19th this year, the RMB has appreciated by 2.3% against the US dollar in November 9th and the middle price has increased by 2.5%.

With the convening of the G20 summit, the international community has increased the pressure on the RMB exchange rate, and has increased the cost pressure for the textile and garment export enterprises which originally had a small profit.

The China Foreign Exchange Trading Center announced that in November 10th, the interbank foreign exchange market was priced at 6.6450 yuan against the central parity of RMB, and the intermediate price dropped by 130 basis points from 6.6580 on the 9 day. At the same time, the exchange rate of RMB against the US dollar once again broke the new high since 2005, when it fell below the 6.65 threshold.

The historical high point of the RMB against the US dollar was 6.6497 yuan against the US dollar in October 15th.

The process of RMB appreciation has led to the cautious export behavior of garment exporting enterprises, which can be better avoided by selling in part in the domestic market.

Judging from the current situation, Guangdong's textile and clothing exports still maintained steady growth over the same period last year, but exports continued to decline in the second half of the year, and the decline was widening slightly.

The following areas need special attention:

First, the rise in cotton prices will continue to affect the export prices of textile and clothing.

Since the beginning of this year,