China'S Textile And Clothing Exports Fell In The First Eight Months

The General Administration of Customs released the import and export situation of foreign trade from January to August this year. According to customs statistics, in the first eight months exit The total value was US $2497.62 billion, an increase of 6.2% over the same period last year (the same below). Among them, exports reached 1309.11 billion US dollars, up 7.1%; Imports reached US $1188.51 billion, up 5.1%; The trade surplus was 120.6 billion US dollars, an increase of 31.8%.

According to customs statistics, China's total import and export value in August was 329.29 billion US dollars, up 0.2%. Among them, exports reached 177.98 billion US dollars, up 2.7%; Imports reached US $151.31 billion, down 2.6%; The trade surplus was 26.67 billion US dollars.

The Chinese government earlier set this year's foreign trade import and export target as an annual growth rate of about 10%. Chen Deming, Minister of Commerce of China, admitted on the 9th that the downward pressure of the world economy is increasingly affecting China's foreign trade, which is facing a grim situation.

In the bilateral trade with major trading partners, the total value of China EU bilateral trade in the first eight months was US $3650.5 billion, decline 1.9%。 The total value of bilateral trade between China and Japan was 218.7 billion US dollars, down 1.4%.

Chinese officials believe that China's foreign trade import and export performance has been greatly affected because the EU, the largest trading partner, is still deeply involved in the European debt crisis.

Compared with the European and Japanese markets, bilateral trade between China and the United States, ASEAN, Russia and Brazil continued to grow in January August. The total value of bilateral trade between China and the United States was 312.97 billion US dollars, up 9.6%. The mid report performance of sub industries has been somewhat differentiated, and the financial report of some enterprises has deteriorated: the growth of men's clothing is relatively stable, the overall financial situation is relatively healthy, and the performance meets or slightly exceeds expectations; high-end clothing The growth rate of net profit slowed down compared with that in the first quarter, but was still at a high growth rate. The total value of bilateral trade between China and ASEAN was 252.87 billion US dollars, up 7.7%. China's bilateral trade with Russia and Brazil totaled US $58.41 billion and US $57.41 billion, up 14.9% and 6.3% respectively.

From the perspective of export commodity structure, the export of mechanical and electrical products grew steadily, spin Clothing exports declined. In the first eight months, China's export of mechanical and electrical products reached US $748.84 billion, an increase of 8.3%, 1.2 percentage points higher than the overall growth rate of China's foreign trade exports in the same period, accounting for 57.2% of the total export value. Over the same period, clothing exports reached US $99.48 billion, down 0.7%; Textile exports reached US $62.51 billion, down 0.7%. The growth rate of income and performance of textile and clothing mid report continued to slow, and the overall performance was slightly lower than expected.