The Export Situation Of Textile And Clothing Is Still Grim.

According to the statistics released by the General Administration of Customs in February 2009, the total export volume of textiles and clothing in China in 2009 1-2 was 21 billion 903 million US dollars, down 14.54% from the same period last year.

Among them, the total exports of textiles amounted to 7 billion 286 million US dollars, and clothing exports totaled 14 billion 617 million US dollars, with a growth rate of -20.6% and -11% respectively.

Export figures for February hit a new low of export since February 2006.

According to the January export figures released by the General Customs Department, the export volume of textiles and clothing in China in February was 6 billion 674 million US dollars, a decrease of 8 billion 555 million US dollars from last month, a decrease of 56.18%, a sharp decrease of 3 billion 625 million US dollars compared with the same period last year, a decrease of 35.19% over the same period last year.

Textile yarn, fabrics and products exported $2 billion 563 million a month, down 32.34% compared with the same period last year, and exports of clothing and accessories for the month were 4 billion 111 million US dollars, down 36.68% from the same period last year.

Compared with January, export data in February declined significantly.

There are some specific reasons for the discrepancy in export data between January and February, but the data in February also reflect the grim situation of export from one aspect.

The data in February are more truthfully reflecting the grim situation of the industry in the current downturn in foreign demand.

However, the export data in January are not as pessimistic as expected, and some of the effects of the export tax rebate rate increase (including the factor of concentrated delivery before the Spring Festival), there are also some time lag effects of "foreign entity economic demand - order delivery".

In the early March, at the China Fair held in Shanghai, the textile and garment category only closed 1 billion 245 million dollars, down 32.47% from the previous one. It also reflected the pressure of the export industry from one aspect.

Most listed companies as leading enterprises can guarantee the relative stability of sales in 2009, but the internal differentiation of the industry will further intensify.

The most important thing in the future is the recovery of demand.

According to the communication with a number of listed companies, including textiles and clothing, the first quarter of 2009 is generally stable, with a certain amount guaranteed, but the quality of orders has declined, orders are more dispersed and delivery time is shorter, which will affect the overall profitability of enterprises.

It is also necessary to point out that most of the listed companies are leading enterprises in the industry. One of the effective ways to maintain the total amount of orders is to seize the orders of unlisted SMEs. Therefore, the overall situation of the industry is not optimistic, and the future differentiation will further intensify.

A relatively good phenomenon is that raw material (cotton and fabric) prices and all kinds of accessories and energy prices decline year by year, which is a support to ease the decline of corporate profitability (in February 2009, the CPI and PPI gap in the industry has shrunk).

But now, for industries and related enterprises, the most important thing is the recovery of demand, which depends on the recovery of foreign real economy, while other factors are only auxiliary factors.

For the follow-up industry export situation, taking into account the time lag of the start up recovery of enterprises, the export data in March may be better than that in February, but the data in the first quarter is the first half of the year is not optimistic.

Overall, with the gradual stabilization of the foreign real economy, the export situation in the second half of the year is better than the first half of the year, and the export volume of the whole year is expected to decline about 10% compared with the previous year.

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