Textile Exports In China Increased By 1-9 In 0.54% Months.

With the external economy gradually stabilized, China in September

Over expected rebound, after April, once again hit a new high of monthly export volume.

Data released by the General Administration of Customs show that in September, China realized import and export trade of 345 billion 30 million US dollars, an increase of 6.3% over the same period last year, of which exports were US $186 billion 350 million, an increase of 9.9% over the previous year, up 7.2 percentage points from August, and imports of US $158 billion 680 million, an increase of 2.4% over the same period last year.

The trade surplus reached 27 billion 670 million US dollars in that month.

After seasonally adjusted exports in September increased by 11.4% and imports increased by 2.3%; reflecting the trend of seasonally adjusted monthly data, the export grew by 10.9%.

Export performance clearly exceeded expectations.

In the survey of Caixin media earlier this month, economists from 22 institutions predicted a 5.2% average of China's export growth in September.

From the perspective of exporting countries, the major reason for the export exceeding expectations is the substantial improvement in exports to emerging markets.

In September, China's exports to ASEAN, Russia and Brazil increased by 10 percentage points over the same period in August, and the growth rates for ASEAN and Russia were over 20%.

Exports to the major developed countries have also improved slightly, but the growth rate is still significantly lower than the total.

In September, exports to the United States increased by 5.49% over the same period last year, 2.5 percentage points faster than that in July, and exports to the EU decreased by 10.7% over the same period last year, and the decline narrowed by 2 percentage points.

Exports to Japan increased from 2.2% to a year earlier.

From the view of export commodities, the main commodities have been accelerated.

Exports of labour intensive products, such as clothing, bags and so on, accelerated by 10 percentage points compared with August.

The export of mechanical and electrical products also improved, which increased by 8.5% in September, 5 percentage points faster than that in August, with the growth of new and high technology products by 9.5% and 7.8 percentage points.

Micro-blog, the director of the Economic Forecasting Department of the state information center, said on micro-blog that the Christmas orders were late this year, but the number was not reduced. It is expected that exports will further improve in October.

"We believe that Christmas orders from the United States, relatively low base last year and the expansion of the Chinese government's export tax rebate policy led to better export performance in September," said Liu Ligang, chief economist of Australia's Greater China region.

Import performance is basically in line with expectations.

The average import growth forecast of Caixin survey is 1.9%.

In September, the import volume and year-on-year growth of iron ore, crude oil, refined oil and other commodities, the total profit of the textile industry decreased by 1.1% compared to the same period last year, and the profit margin dropped by about 12% compared with the same period last year.

The deficit of deficit companies increased by 101.8% over the same period last year.

They were all higher than those in August.

Liu Ligang also said that this shows that domestic demand is beginning to show signs of improvement.

Recently, import prices of commodities such as iron ore, copper and aluminum have dropped significantly, and the import growth has been lowered.

Domestic labor costs and other costs rose rigidly.

Labor wages have risen by about 15% this year, and orders for low-priced products continue to shift to Southeast Asian countries.

Under these factors, the efficiency of the textile industry has declined.

According to statistics from the General Administration of customs, the average import price of China's iron ore, non forging copper and copper, non Forging Aluminum and aluminum materials fell by 18.6%, 12.4% and 20.3% in the first three quarters of this year.

As imports continued to be weaker than exports, September

It remains high, reaching 27 billion 670 million dollars.

In the first three quarters, the cumulative trade surplus of US $148 billion 310 million was close to 155 billion 140 million US dollars last year. This year's surplus is more than last year.