Analysis Of Import And Export Situation Of Textile And Clothing In China

In August of this year, China Spin product clothing Trade volume of US $30 billion 540 million, an increase of 13.7% over the same period last year. Among them, exports amounted to 28 billion 40 million US dollars, an increase of 14%; imports of US $2 billion 500 million, an increase of 10.1%, and a monthly trade surplus of US $25 billion 540 million, an increase of 14.4%. In 1-8 months, the total trade volume of textiles and clothing reached US $200 billion 630 million, up 12.7% over the same period last year. Among them, exports amounted to 182 billion 950 million US dollars, an increase of 12.9%; imports of US $17 billion 680 million, an increase of 10.3%, and a cumulative trade surplus of US $165 billion 270 million, an increase of 13.2%.

Favorable external and internal export promotion

In August, China's textile and apparel exports continued to grow rapidly in July, maintaining two digit export growth. The growth is due to the slow recovery of the major economies in the international market and the increase in consumer willingness to spend. In the domestic market, thanks to the State Council's trade facilitation measures and a series of macroeconomic policy support for exports, the export confidence of enterprises has been enhanced, and the business and trade environment has improved. In July and August, the exchange rate of RMB against the US dollar was relatively stable, and there was no significant appreciation and drastic fluctuation.

General trade import and export growth

In August, exports of major trade patterns increased. General trade grew by 13.4%, processing trade increased by 6.8%, and border trade increased by 68%. In terms of imports, general trade grew by 25.3%, and border trade increased by 96%. Unlike the national trade in goods, the import of textiles and clothing has not seen a significant increase in the import of processing trade, but down by 5.5%. The proportion of processing trade in the overall import and export has also dropped. In 1-8 months, general trade exports increased by 13.3%, processing trade increased by 1.6%, small border trade increased by 60.8%, and processing trade import and export accounted for 4.5 and 1.1 percentage points less than last year's total level respectively.

Export profile:

Recovery in EU market

According to the statistics released by the European Union statistics bureau, the GDP of the European Union increased by 0.4% in the two quarter compared with the first quarter. In August, the annual inflation rate dropped to 1.5%, and the economy showed a weak recovery trend. In August, China's exports to the EU continued to rise in July and continued to grow. Exports amounted to $5 billion 950 million in the month, an increase of 13.5%, of which 17.6% of textile exports and 12.6% of clothing exports. In 1-8 months, China's exports to the EU increased by 6.1%, of which the export volume of key goods knitted and woven garments increased by 5.5%, and the price increased by 1.1%. In the EU market this year, relatively cheap knitted apparel sales were good. The total export volume of knitted garments increased by nearly 7% in the first 8 months, while the number of woven garments increased by only 3% during the same period.

The outlook for the US market is optimistic.

Driven by the slow recovery of the market, China's exports to the United States continued to grow in August, and exports amounted to 4 billion 500 million US dollars in the month, the highest in the year, up 7.7% over the same period last year. Textiles and clothing grew by 17% and 5.3% respectively, and the growth rate of textiles exceeded that of garments. The growth of fabrics in textiles was the fastest, with an increase of 31.8%. In garments, the export volume of knitted and woven garments increased by 1.8% and the price increased by 4.1%. In 1-8 months, exports to the United States increased by 6.3%, of which the number of exports of knitted and woven garments of major commodities increased by 6%, and the price increased by 2.4%.

ASEAN market growth is not decreasing

In August, China's exports to ASEAN continued to maintain rapid growth. Export growth was 52.6% in that month, with the growth of 53% of the main share and 62% of the clothing growth. In 1-8 months, China's exports to ASEAN increased by 44.8%, of which 33.7% of its fabric and 74.3% of its clothing. In garments, the export volume of knitted and woven garments increased by 40% and the price increased by 25%. The pulling effect of clothing on the overall export growth reached 25 percentage points, exceeding that of textiles.

Japan's market continues to slump

Since the second half of this year, there has been no sign of recovery in Japan's economy, and consumer sentiment in the market has been depressed. In addition, Japan's exports to Japan are facing a downward trend as the yen continues to fluctuate at a low level and the transfer of orders is affected. The export volume reached a high level during the month, but it was still negative growth compared with the same period last year, a decrease of 2.8%. Textiles and clothing were all down, and the share of knitted and woven garments, which was the main share, was 2.7% lower than that of export prices. In 1-8 months, the total export volume to US $16 billion 880 million was 0.5%. Exports of large categories of knitted and woven garments increased by 2.2% and the export average price fell by 1.4%.

The average unit price of clothing exports hit a new high in the year.

In August, China's textile exports grew by 16.7%, and clothing exports increased by 12.7%, of which the largest category was commodities. yarn Exports grew by 6.1%, fabrics increased by 22.2%, knitted and woven garments exported to 3 billion 200 million pieces (sets), and the average export price was 4.94 dollars / pieces (sets), all of which hit a new high in the year, up 9.3% and 3.3% respectively over the same period. In 1-8 months, the export volume of the three categories of commodities increased by 5.7%, 15.9% and 13.6% respectively.

　 General situation of imports:

Yarn Import reaches an annual peak value

In August, China's textile imports increased by 9.4%, and clothing imports increased by 12.3%. Among them, the import of key commodities cotton yarn reached 203 thousand tons during the month, reaching a new high in the year. The import price dropped slightly compared with the previous period. Imports of knitted and woven garments continued to show a trend of volume increase and price drop, import volume increased by 20.7%, and import average unit price decreased by 3.6%. Since the beginning of the year, the import and price of silk yarn has been fluctuating fiercely. In February and April, the monthly import volume difference was nearly 10 times, and the import price rose rapidly in 4-6 months. At one time, it even reached the sky high price of nearly 60 thousand US dollars / ton. In July and August, it quickly dropped to less than 20 thousand US dollars / ton. In 1-8 months, the total import volume of cotton yarn increased by 43.9%, the import average price dropped by 1.1%, the import of silk yarn was flat, the import unit price increased by 208%, the import of knitting and woven garments increased by 26.4%, and the import average price dropped 6.4%.

Slowdown in cotton imports slowed down

In August, cotton imports continued to decline, but the decline narrowed to 9.7%, falling to 10% for the first time in nearly 7 months. Import prices were flat last month, down 6.8% year-on-year. In 1-8 months, cotton imports totaled 3 million 25 thousand tons, down 20%, and the average import price was 1990 US dollars / ton, down 15.6%. According to the data released by China Cotton Association, in August, China's 328 grade cotton price index was 19189 yuan / ton, and the import price index of grade cotton in the middle of the month. 15257/ tons (according to 1% tariff conversion), the price of cotton within and outside the month was 3962 yuan / ton, the difference narrowed by 136 yuan from last month.

EU market: China's share continues to decline

According to the EU customs statistics, in the first half of the year, the EU imported $56 billion 420 million of textiles and clothing, an increase of 0.3%. Among them, textiles grew by 3.4% and clothing by 0.8%. In the case of the overall import growth, the EU's import from China has declined, falling by 5.5%, while ASEAN's imports have increased slowly, with an increase of only 1.7%. Turkey and Bangladesh have become the main driving force to boost EU imports. The EU's imports rose by 7.2% and 7% respectively, accounting for 25% of the EU's market share and 1.7 percentage points higher than the same period last year. In the first half of this year, the share of China's textile and apparel in the EU market further shrank to 34.9%, down 2.2 percentage points from the same period last year. ASEAN's share in the European market changed little during the same period, basically unchanged.

US market: growth in imports from China is not competitive with ASEAN

According to us customs statistics, 1-7 months, the United States textile and apparel imports totaled 64 billion 280 million US dollars, an increase of 3%, of which 2.5% of textile growth and 3.2% of clothing growth. Imports of textiles and clothing from China increased by 2%, and imports from ASEAN increased by 6.4%. Vietnam's exports to the US grew fastest in ASEAN and increased by more than 10% to 13.2%. The share of Chinese products in the US market is 36.8%, a slight decrease of 0.4 percentage points over the same period last year. ASEAN's share in the US market was 19.6%, an increase of 0.6 percentage points over the same period last year.

Japanese market: China's share is occupied by ASEAN.

According to Japanese customs statistics, 1-7 months, Japan textile Clothing imports totaled 22 billion 790 million US dollars, down 1.7%, of which 5.2% of textiles and 0.7% of clothing. Imports from China amounted to $15 billion 970 million, down 3.7%, and imports from ASEAN increased by 8.8%, of which the increase in imports from Vietnam and Indonesia reached 10.9% and 11.4% respectively. The share of Chinese products in the Japanese market was 70.1%, down 1.5 percentage points from the same period last year, while ASEAN's share in Japan rose to 15.5%, an increase of 1.5 percentage points over the same period last year.