Shanghai Textile And Garment Exports Resumed Growth In October

In October 2008, the export of textile and clothing in Shanghai customs area was 6 billion 170 million US dollars, up to two digits, reaching 14.6%. The export tax rebate is still facing 4 major constraints.

According to the Customs General Administration on December 9th, 10 months ago 08 months ago, the total export of textiles and garments (including textiles, yarns, fabrics and articles, garments and accessories) in Shanghai customs area was 60 billion 480 million dollars, which was 14.6% higher than that in the same period in 07 years.

Among them, exports of textile yarns, fabrics and products amounted to 22 billion 540 million US dollars, an increase of 16.4%, and export garments and accessories 37 billion 940 million US dollars, an increase of 13.6%.

The main features are as follows: first, after a short period of adjustment in the third quarter, the export growth rate returned to two digits in October.

Since the third quarter, the pace of textile and clothing exports in the Shanghai customs area has slowed down significantly. The growth rate of single month year-on-year growth in 7-9 months has been in the single digit for 7-9 months, and the rate of decline has also been more than 11 percentage points.

After the adjustment of the first 3 months, the effect of textile and clothing export tax rebate policy was gradually released in August. In October, the export of textile and clothing in Shanghai customs area was US $6 billion 170 million, up to two figures, reaching 14.6%.

Two. The pace of export of general trade is accelerating, and the growth rate of export of processing trade has slowed down.

08 months ago, 10 months ago, the Shanghai customs area exported 49 billion 820 million dollars of textile and clothing in general trade mode, an increase of 15.7%, an increase of 2.9 percentage points, accounting for 82.4% of the total textile and garment exports in the same period. The export of textiles and garments by processing trade reached 10 billion 490 million US dollars, an increase of 9.9%, and the rate of increase dropped by 2.7 percentage points, accounting for 17.4% of the total export volume of textile and clothing in the same period.

Over three, 6 or more to 3 developed economies, the growth rate of US exports dropped significantly.

08 years ago, 10 months ago, the European Union, the United States and Japan still maintained the top 3 market positions in Shanghai's textile and garment exports, both of which were over $10 billion, accounting for 62.7% of the total exports of textile and clothing in the same period.

Among them, exports to the European Union amounted to 15 billion 450 million US dollars, an increase of 27.1%, an increase of 3.3 percentage points; for the financial crisis, the United States exported 12 billion 220 million US dollars, an increase of 8.9%, and the growth rate dropped 8.9 percentage points; Japan exported 10 billion 250 million US dollars, an increase of 9.3%, a marked increase of 9 percentage points.

Four, the average export price is on the rise. Pullovers, trousers and T-shirts are the main export varieties.

08 months ago, 10 months ago, the textile and clothing export price index in Shanghai customs area was 110.1 (100 in 07 years).

According to HS8 coding statistics, there are 4 kinds of export sizes of over 1 billion 500 million US dollars. Among them, the export of chemical fiber knitted Crochet pullovers and cardigan is 2 billion 180 million US dollars, an increase of 30.9%. The export of cotton knitted Crochet pullovers and cardigan is 36.5% US dollars; cotton trousers are exported at 1 billion 600 million US dollars, increasing by 7.9%; cotton knitted or crocheted T-shirts exported 1 billion 540 million US dollars, increasing by 4.4%; and the average export prices of these products have increased by 12%, 12%, 12% and 4.4% respectively.

In order to ease the export pressure of the textile and garment industry, the state has increased the export rebate rate of textile and garment products for 2 consecutive times in August 1st and November 1st.

However, it is noteworthy that after the export tax rebate has been raised, Chinese textile and garment export enterprises still face the following 4 major constraints: first, India's tax rebate for textile and garment exports will aggravate China's competitive pressure.

India is the world's second largest textile and apparel producer after China, and China's main competitor in the international market.

Since September 1st, the export rebate rate of textiles such as elastic yarn and elastic fabric has been raised in India.

In addition to the encouraging export policy, India has more advantages in labor and raw material costs, and is not subject to us quota restrictions. Chinese enterprises are facing more competitive pressure.

Two is the financial crisis dragging down external demand and continuing to fall into a downturn.

The negative impact of the US subprime mortgage crisis is still spreading. The US economy has been in recession since April, and it may last for 14 months, and it is hard to recover in the short term.

Meanwhile, the 15 euro zone economies and Japan's economy also fell for the 2 consecutive quarter, the first recession since 1999 and 2001.

The 3 developed economies, which account for more than 6 of Shanghai's textile and garment exports, have fallen into recession. External demand will continue to slump, and the growth of textile and garment exports will be limited.

Three, the appreciation of the renminbi weakens the competitive advantage of product prices.

By the end of October, the appreciation rate of RMB against the US dollar had reached 6.5%. After June, the pace of RMB appreciation against the US dollar has slowed down, but the RMB has also entered the appreciation channel for the euro.

In September 2nd, after the first break of the 10 to 1 mark of the RMB exchange rate against the euro in October 31st, it reached 8.7254 in October 31st and appreciated 22.2% in the year.

The appreciation of the RMB to the main settlement currencies of export has weakened the price competitive advantage of China's textile and apparel in the international market.

Four is the upgrading of trade barriers and the difficulty of export.

For a long time, textile and clothing has been the focus of China's protectionism against international trade.

In June 27th of 08, the European Union directive on the sale and use of perfluorooctane sulfonate (PFOS directive) came into effect. At present, China has not yet developed a textile auxiliaries that can fully meet the control standard.

In addition, in recent years, the technical restrictions of the European Union and the United States on clothing labels in China have gradually increased. Data show that 25% of the garments exported to the United States are unqualified.

For this reason, it is suggested that enterprises should be guided to cooperate with the state's "expanding domestic demand" strategy to expand domestic market development, and to solve the risks of production and operation both internally and internationally. The two is to encourage some powerful enterprises to "go out" and invest in factories with low labor and raw material cost, so as to maintain price competitiveness. Three, we should strengthen product innovation, promote industrial upgrading, and take the road of high technology and high added value and independent brand.

Yang Jing: editor in charge