China's Textile And Clothing Exports Grew 24% In The First Quarter

From China textile industry The latest information of the association shows that China accumulated in March of this year. Exit textile clothing 49 billion 866 million US dollars, an increase of 24% over the same period last year. This year, China's textile exports will also face the rising RMB exchange rate. Raw material Challenges such as rising prices and increasing labor costs.

China Textile Industry Association Statistics Center 9 experts pointed out that the first quarter of this year, China's textile and clothing exports growth exceeded expectations, in addition to the international market Export demand is rising, with a relatively low base year. Price Upgrading is an important contributor to the rapid growth of China's textile and clothing exports in the first quarter of this year. It is estimated that in the first quarter of this year, the export prices of Chinese textiles and clothing increased by about 19% over the same period last year.

Industry experts believe that at present, the RMB exchange rate climbing, raw material prices, labor costs and other multiple factors, all of which will challenge China's textile export profit margins. The gradual rise of export rival countries and the weakening of product price advantage under the comprehensive cost competition have also become the problems that Chinese textile export enterprises must deal with. Against this background, China's textile export enterprises should speed up transformation and upgrading, enhance product design and R & D capabilities, increase added value of products, and continuously enhance the competitiveness of textile exports.