US Textile Exports Grew By 5% In 1-11 Months Of 2012.

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< p > according to the latest textile < a href= "http://www.91se91.com" > clothing > /a > export data, the export data of textiles and garments exported to Europe and the United States in 1-11 months are: < /p >

< p > EU: 1-11 months cumulative export < a href= "http://www.91se91.com/news/index_c.asp" > textile > /a > goods and garments respectively 98.73 and 32 billion 716 million US dollars, accumulative value increased by -5.41% and -14.84% respectively; < /p >

< p > USA: the total export of textiles and clothing in 1-11 months was 90.75 and 26 billion 560 million US dollars respectively, and the cumulative value increased by 5% and 2.52% respectively.

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< p > 1-11 months, the total export volume of textiles and clothing in China totaled 230 billion 882 million US dollars, an increase of 2.06% over the same period last year. The total export volume of textiles and clothing was 872.32 and 143 billion 650 million US dollars respectively, up 0.95% and 2.75% respectively from the same period last year. According to monthly data, the total export volume of textile garments in November was 20 billion 974 million US dollars, of which textiles and clothing were 81.11, 12 billion 863 million dollars respectively, and the three percent increased by three, -0.58%, and three respectively.

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< p > < strong > comment < /strong > < /p >.

Since P > 2012, textiles and clothing < a href= "http://www.91se91.com/news/index_s.asp" > export volume < /a > cumulative growth of 2.06%, significantly lower than 2010, 2011 21%, 25%, and 08 years ago 20% growth rate.

The decline in global demand caused by the US subprime mortgage crisis and the European debt crisis is the main reason for the sharp slowdown in growth.

The latest data show that EU demand has not improved, and the monthly export volume of China's textile and clothing exports to the EU has increased from 20% in December 2011 to 3.5% in January 2012. Since then, it has been in a downward trend of single figures. The decline in November has increased to 11.23%. The export data of the United States are unstable, and the total export volume of textiles and clothing has increased 3.25% over the same period in November. The volatility of the data shows that although the demand for the United States has improved, it is still unstable, and is still in the process of slow recovery.

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< p > from the perspective of industrial research, the main manufacturing enterprises such as Lu Tai, Weixing, Jia Linjie and other orders have improved. On the one hand, overseas demand has picked up, but it may come from the integration of industries.

Because of the slow recovery, it is difficult to improve the gross profit margin of manufacturing enterprises. The bad cotton price at home and abroad and the rising labor cost always affect the efficiency of enterprises. The 4 quarter business efficiency is difficult to improve.

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According to industrial research and export statistics, referring to the latest economic data from the United States and the European Union, we expect that the export situation in 2013 will be slightly improved, that is, the process of recovering slowly oscillating in the US, and there is little room for EU exports to continue to decline, and may continue to build a bottom.

Changes in the export situation, coupled with the continued integration of industries, is expected to enhance the profitability of leading enterprises.

Judging from the trend of capacity pfer in the global textile industry, although the rise in labor costs has led to the outflow of low-end orders, China, as the most important manufacturing base of the global textile industry, still has competitive advantages. The biggest competitive advantage lies in the complete industry and the ability to fulfill the orders of foreign enterprises on time and quantity.

Many companies in the listed company focus on the main business and constantly upgrade their product grades, which is expected to achieve growth in the future.

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< p > despite the slow progress in capacity production, but in the recovery of overseas demand, the chemical fiber industry that experienced two years of industry loss also has the possibility of getting rid of losses. There may be a price rebound during the Spring Festival and the traditional chemical fiber price rising season around August.

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< p > < strong > investment recommendation < /strong > /p >

From the investment point of view, compared with the bottom of the brand retail enterprise's fundamentals, we are relatively optimistic about the overseas demand of export manufacturing enterprises in 2013, especially the improvement of us demand. In addition, the current capacity integration is beginning to bear fruit. It is expected that the manufacturing enterprises in 2013 will have growth potential.

We recommend paying attention to Weixing stock, Baron East, Huafu color spinning, Lu Tai A and possible chemical fiber price rebound.

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