Slowdown In China'S Textile And Clothing Trade In The First Half Of This Year

In the first half of 2012, exports of textiles and clothing were again facing an unfavorable situation.

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Under the shadow of the US debt crisis, the global economy has declined as a whole, and exports of textile and clothing that rely on foreign demand have been severely hit.

At the same time, the domestic economic growth rate is falling, the cost is rising, and the cotton price is upside down.

Production deceleration, enterprise efficiency decline, export competitiveness weakened.

Export growth was less than 2% in the first half of this year, of which 1, 2, 4 and June saw a negative growth in exports compared with the same period last year.

In June, China's textile and apparel trade reached US $24 billion 920 million, an increase of 0.06% over the same period last year, of which exports were US $22 billion 890 million, a slight decrease of 0.04%, and imports of US $2 billion 30 million, an increase of 1.3%.

In the first half of this year, the total volume of textile and apparel trade in China increased by 125 billion 50 million US dollars, an increase of 1.9%, of which 113 billion 540 million US dollars exported, a slight increase of 1.6%.

Imports of US $11 billion 510 million, an increase of 5.1%.

The cumulative surplus of $102 billion 30 million, an increase of 1.2%.

Trade mode

The export of processing trade decreased significantly, while general trade exports kept growing.

In the first half of this year, the total trade volume increased by 85 billion 950 million US dollars, an increase of 1.3%. The export volume of small frontier trade increased rapidly, with an increase of 21%. Among them, Guangxi's export to Vietnam and Xinjiang's clothing and home textiles exports to Kyrgyzstan increased rapidly.

Processing trade was significantly affected by the decline in external market demand, with a total export of 19 billion 160 million US dollars, down 1.4%.

In terms of imports, general trade imports grew by 25.6%, and processing trade dropped by 4.4%.

Trading partner

The export of traditional market is low, Vietnam is in the "first tier" emerging market, developing barriers to development.

EU: this year, the EU's largest textile and apparel import market in the world is most pessimistic.

In the first half of this year, China's total exports to the European Union amounted to 21 billion 310 million US dollars, down 12.2%.

In contrast, the EU is the only area in the main export market that has declined. The vertical decline in exports to the European Union has accelerated, falling to two digits, worse than in 2009.

Among them, exports to the former 15 countries decreased by 13.3%, while the 12 countries in the eastward expansion maintained a small increase of 1.8%.

Judging from the product category, the largest drop in clothing exports to Europe is 70%, and it is characterized by a current price and a drop in price.

The total export volume of knitted and woven garments decreased by 14.8%, the export average unit price decreased by 0.8%, and the export volume decreased by 15.5%.

According to the EU statistics, this year 1~4 months, the EU imports from the global textile and clothing imports 44 billion 830 million US dollars, a decrease of 9.7%, of which imports from China 16 billion 830 million U. s.dollars, down 11.6%, a decline of more than the average.

The share of Chinese products in the EU market is 37.5%, representing a decrease of 0.8 percentage points compared to the same period last year, of which the share of major commodity clothing dropped by 1.7 percentage points.

The United States: in the first half of this year, China's exports of textiles and clothing to the United States totaled 17 billion 310 million US dollars, an increase of 6.9%.

Compared with the recent 5 years of export growth, it was lower than 2007, 2010 and 2011, but higher than the 2008 and 2009 when the financial crisis broke out.

Among them, textile exports amounted to 4 billion 970 million US dollars, an increase of 12.1%, and clothing exports of US $12 billion 340 million, an increase of 4.9%.

The unit price of export has come down.

The unit price of yarn, fabric and knitted and woven garments decreased by 7%, 8% and 1.7% respectively.

According to the statistics of the US office of textile and clothing, the US imported 21 billion 330 million square meters of textiles and clothing from the world in 1~5 months, down 0.5% compared to the same period last year, and imports amounted to US $38 billion 710 million, a slight increase of 1.7%.

Since China's imports have kept growth, volume and value have increased by 3.6% and 3.5% respectively.

In the same period, the United States from Vietnam,

Imports of Salvatore and other major source countries also increased, with imports from Vietnam and Salvatore increasing more than China.

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Since 2012, although Chinese products have maintained a growth trend in the US market, the share of Chinese products in the US market has further declined due to the impact of Southeast Asian countries.

In 1~5 months, the proportion of US imports and exports to the US market was 44.7% and 36.5% respectively, down 2.2 and 3.6 percentage points from 2011.

Japan: in the past 5 years, China's textile and clothing exports to Japan have maintained a steady and low growth rate, rising below 10%, rising to 20.8% in 2011 alone.

In the first half of this year, China exported $12 billion 220 million to Japan, an increase of 3.1%, returning to a moderate growth track.

Among them, textiles grew by 1.7% and clothing increased by 3.4%.

The export volume of knitted and woven garments decreased by 4.5%, and the export unit price rose by 7.8%.

According to Japanese customs statistics, imports of textiles and clothing from the world 1~5 US $16 billion 900 million, an increase of 7% over the same period last year.

Among them, imports from China amounted to 12 billion 260 million US dollars, an increase of 4.14%, lower than the increase in imports from Bangladesh, Vietnam and Malaysia.

The market share of Chinese products was 73%, down 2 percentage points from the same period last year.

ASEAN and emerging markets: ASEAN has become China's fourth largest market for textile and garment exports, second only to the European Union, the United States and Japan.

In the first half of this year, China exported $11 billion 300 million to ASEAN, an increase of 21.5%, of which the total export of yarn and fabric increased by 9.5%, but the export price of yarn and fabric decreased by 12.1% and 3.8% respectively.

Among the ASEAN countries, Vietnam's performance was the most eye-catching. In the first half of this year, China's exports to Vietnam reached 3 billion 780 million US dollars, an increase of 25.5%.

In just half a year, Vietnam has surpassed the United Kingdom and Russia and ranks among the first tier of China's textile and clothing exports.

It is noteworthy that in the past 5 years, Vietnam's clothing export has maintained a strong growth momentum, and in 2012 it has made rapid progress.

Export volume and value increased by 45.2% and 187.1% respectively, among which knitted apparel was growing rapidly.

Similarly, as the emerging market, the "BRICs" have been divided under the financial crisis: Russia and Brazil have kept the growth of textile and clothing imports with the help of a good economic trend. While South Africa and India are deeply affected by the crisis, the unemployment rate has increased, economic growth has declined, and textile and clothing imports have declined.

In the first half of this year, China's exports to Russia and Brazil increased by 7.3% and 10%, respectively, to 1.6% and 11% respectively for South Africa and India.

In 2010 ~2011, the trend of China's textile and clothing trade was gradually slowed down, and passed through a relatively calm period.

Since the beginning of 2012, while traditional market demand has slowed down and export growth has declined, some developing countries have again used anti-dumping and other trade remedy measures to put pressure on China's textile and clothing exports.

From January to July, Egypt, Peru, Pakistan and Brazil launched investigation and anti-dumping investigations on China's textile and clothing related products respectively. Although the share of these countries in China's export market is relatively small, the wide range of products involved is extremely unfavorable for many enterprises that have just stepped into emerging markets and expect to adjust their export market structure.

Product structure

Yarn export volume and price fell, clothing export volume declined.

Since the beginning of the year, there has been no marked improvement in the export of the two categories of textiles and clothing, and the growth has always been at a low level.

In 1~6 months, textile exports totaled 46 billion 490 million US dollars, an increase of 1.3%, and clothing exports of US $67 billion 60 million, an increase of 1.9%.

The fabric and finished products in textile industry increased slightly, and the yarn amount and price fell down 3% and 8% respectively, of which cotton yarn fell the fastest and the decline was 3.8% and 15.3% respectively.

The export volume of knitted and woven garments decreased by 4%, while the average unit price of exports increased by 5%.

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The export volume of 40% provinces and cities declined, and the eastern region became the "worst hit area".

In the first half of the year, over 40% of the provinces (municipalities and autonomous regions) exported textiles and clothing decreased.

Guangdong, Jiangsu and Shandong ranked second, third, fifth in the top 5 export provinces and cities.

From the geographical distribution, the eastern region has become the "worst hit area". Exports from the eastern provinces of 2/3 have declined, while the total exports in the eastern region have increased by only 0.2%, while the central and western regions are relatively good, and the total exports have increased by 8.2% and 17.5% respectively.

The only bright spot in the eastern region came from Fujian province. In the first half of this year, Fujian's textile and clothing exports reached 8 billion 570 million US dollars, an increase of 15.9%. It is the fastest growing province in the eastern region.

In May, exports exceeded Shanghai and Shandong in one month, ranking fourth in the month.

Import survey

Imports of clothing grew faster than textile and cotton yarns. The import scale expanded again, resulting in a sharp increase in cotton imports.

In recent years, China's clothing imports have grown rapidly, and the share of clothing imports has risen from less than 11% 5 years ago to 16.9%.

In the first half of the year, imports of textiles and clothing increased by 3% and 17.5% respectively, and clothing grew by more than 15 percentage points over that of textiles.

The slow growth of textile imports was mainly caused by the decline of fabrics and finished products, and the two imports fell by 4.1% and 1.4% respectively.

In the same period, yarn imports increased rapidly, with an increase of 15%.

Among them, cotton yarn imports increased by 34%, and chemical fiber yarns decreased.

Pakistan, India and Vietnam are the three main sources of cotton yarn imports in China, and 65% of the imported cotton yarn comes from these three countries.

In the first half of the year, imports from the three countries all increased rapidly. The total import volume increased by 108.6% and the import volume increased by 61.8%.

Since the beginning of this year, cotton import prices have continued to decline. The average price of imports in the first half of the year was 2400 US dollars / ton, down 22.3% from the same period last year.

Meanwhile, domestic cotton prices remained high during the same period.

According to the monthly report of May released by China Cotton Association, the import cotton after deducting the sliding tax is RMB 15366 yuan / ton, which is nearly 4000 yuan / ton less than the cotton index of China in the same period.

The decline in international cotton prices has led to a surge in imports of cotton, with a total import of 3 million 55 thousand tons, an increase of 130.2% in 1~6 months, and an increase of $7 billion 200 million in imports, an increase of 79%.

Compared with the surge in imports of cotton, the import of chemical fiber has maintained a moderate growth.

In the first half of the year, the total import volume and value increased by 4.9% and 5% respectively, and the unit price of imports increased by 0.8%.

Trend in the second half of the year

The situation at home and abroad is still grim, and the annual export growth is hard to reach 8%.

Compared with the situation when the financial crisis broke out in 2008~2009, the difficulties faced by textile and clothing export are more diverse, complex and lasting for a long time.

The global economic trend has the risk of continuing downhill. The debt problem of the major developed economies is serious, the unemployment rate remains high, consumer confidence is low, and market demand is weak. In the domestic side, the measures to promote economic growth and expand exports in the two quarter will release the effect in the three quarter. But for textile and garment industry, the policy of stimulating exports has basically been in place, and it is difficult to have any major favorable policies in the short term.

Such measures as "pformation and upgrading" and "going global" need long-term accumulation and exploration, and also require certain human, financial and material support.

Overall, the export situation of textile and clothing in the second half of the year is still not optimistic in a complex and severe trade environment.

To achieve the goal of 8%~10% growth for the whole year, the cumulative growth rate in the second half of the 6 months will reach 13%~17%, and the task is quite arduous.

If the global economic situation, especially the EU economy, no longer continues to deteriorate, it is expected that textile and clothing exports will increase slightly in the second half of this year.