China's Textile And Garment Export Growth Slowed Down In 1--5 Months

According to the data released by the General Administration of Customs on 8, it shows that in 2013, 1-5 months Spin product clothing The cumulative export volume of US $103 billion 119 million, up 13.79% over the same period last year, has increased by 2.74 percentage points compared with 16.53% in 1-4. Among them, Textile exports 419.33 US dollars, an increase of 10.17% over the same period last year, and exports of clothing and accessories reached US $61 billion 187 million, an increase of 16.42% over the same period last year. In the first quarter of 2013, China's textile and clothing exports grew by 10.44% and 19.44% respectively.

Qu Hongbin, chief economist and managing director of HSBC Greater China, said here that in the first 5 months, the export growth rate of China's textile, clothing and other labor-intensive products had slowed down. The peripheral market is weak and sustained, and overall exports will remain relatively low in the future.

Wang Qianjin, principal analyst at China network, said 2013 Spinning and clothing export In the process of returning to the rational trend from the bottom of 2012, the situation of stabilization is clearer, and the annual growth rate is expected to further rise to around 5%. It is expected that textile exports will gradually return to a reasonable trend in 2013.

Wang Qian analysis shows that the deep reason for the slowdown of China's textile economy is that the external environment and endogenous conditions that have maintained the rapid economic growth in the past have changed or will undergo significant changes. Wang further pointed out that this is mainly reflected in four aspects: first, the slowdown in global economic growth, resulting in the impact of domestic and foreign demand; secondly, the serious oversupply of industry caused by over expansion in recent years, and the domestic sales reflected in the excessive number of stores and the high inventory; the low export capacity was reflected in the export market; then the industry was in a bull market with rapid expansion in the past ten years, and the enterprise's ability to resist risks was weak. Finally, the high cost products of high cost inhibited the demand at home and abroad and seriously eroded the efficiency of enterprises. The four major reasons for the slowdown in the industry are not solved in the short term, plus the industry in transition. Therefore, Wang believes that the era of high gross profit and high growth in the textile industry is gone forever.

Wang pointed out that after more than a year of cold winter, with the gradual deepening of the macroeconomic warming trend, China's textile and garment industry has finally shown a moderate warming trend. A series of industry data this year show that China's textile and garment industry has basically passed the most difficult period, and the trend of warming up has basically taken shape.

Taking all factors into consideration, Wang Qian believes that China's textile exports will be the main target of stabilizing international market share in the future, and the average annual growth rate will remain at around 5%, 2015. Clothing export The amount will exceed the $300 billion mark. The export volume of clothing and home textiles is about 213 billion 600 million US dollars, equivalent to about 12816 billion yuan, and the total consumption of clothing and home textiles in the domestic market is expected to exceed 2 trillion yuan in 2015. Value growth will become one of the important engines to stimulate the growth of China's textile exports.