Textile And Garment Exports Decreased By 2.51% In August 2011

Data released by the General Administration of Customs showed that in August, textiles clothing The export volume of US $25 billion 451 million was 2.51% lower than that in July, an increase of 26.4% over the same period last year. Among them, exports of textiles amounted to 8 billion 363 million US dollars, a decrease of 3.90% compared to the same period, and exports of garments and accessories were 17 billion 88 million US dollars, down by 1.19%.

In 1-8 months, China's textile and apparel exports totaled $163 billion 163 million, an increase of 25.72% over the same period last year, and the growth rate increased by 0.12 percentage points over the 1-7 months of 25.60%. Among them, the export of textiles was US $62 billion 959 million, an increase of 27.18% over the previous year, and exports of clothing and accessories reached US $100 billion 205 million, up 24.82% over the same period last year.

In fact, after entering the second half of the year, domestic textile and clothing Exit This has not been as dramatic as expected. In July, exports even reached a record high. In August, export figures also maintained two digit growth. However, the industry pointed out that the growth of textile and clothing exports is mainly based on price increases. The real growth rate of textile and garment exports is only a single digit. In the context of the increasing economic outlook for the peripheral economies and the clear expectation of RMB appreciation, the future export expectations are not optimistic.

Eastern securities Shi Hongmei believes that in labor costs, raw materials Price On the premise of large fluctuations, from the micro level, the export situation of some textile and garment enterprises is not as optimistic as the data reflected. With the economic downturn and the appreciation of RMB, many factors are affecting the volume and profitability of the order. Only those enterprises with large scale, high added value and strong technical strength will win the market and win more market share.