The Export Situation Of China's Textile And Clothing Is Not Optimistic, And The Positive Effect Of The Exchange Rate Is Limited.

The latest trade data released by the General Administration of Customs show that 1-8 months this year

The trade volume was 14615 billion US dollars, down 1.4% compared with the same period last year, and the import trade volume was 10960 billion US dollars, down 14.5% compared with the same period last year.

among

product

The volume of exports decreased by 4.6% compared to the same period last year, to 184 billion 400 million US dollars.

In recent months, China's import and export trade data have been lower than expected, which has caused a certain drag on the macro-economy, especially the relative appreciation of the euro, yen and other currencies, which has affected the export growth rate of our main export areas.

As the largest contribution to the trade surplus, the export situation is also not optimistic this year.

In the 1-7 month of this year, the export volume of China's cotton textile products was 14 billion 400 million US dollars, down 7.44% from the same period last year, and the import trade volume was 4 billion 900 million US dollars, up 2.68% over the same period last year.

Judging from the main trade areas, the trade volume of China's exports of cotton textiles to Europe and Japan has decreased by 32.7% and 20.3% respectively.

The market is relatively stable, and export trade increased by 8.7% in the first 7 months.

and

In addition to the ASEAN market, the rest of the trading area is dominated by negative growth.

From the perspective of specific commodity trade, the import of cotton is still decreasing obviously under the quota policy. In 1-7 months, the import volume of cotton was 1 million 40 thousand tons, down 38% compared with that of the previous year. However, the import of cotton yarn in China remained active, and the total import cotton yarn 1 million 400 thousand tons in the first 7 months, a cumulative increase of 22.4%, and the average price of cotton yarn imports was about 17600 yuan / ton.

The demand for textile and clothing major trade countries has declined this year. The growth rate of China's export trade is generally decreasing. The number of cotton yarn exports in China has decreased by 22.33% in 1-7 months, and the export volume of cotton fabrics has dropped by 3.74% over the same period last year.

To boost China's trade downturn, the news of the devaluation of the renminbi spread throughout the world in August, and many experts pointed out that this will be conducive to the export of textile and clothing.

However, relative to the renminbi, Southeast Asian countries have greater depreciation of their currencies, and their labor costs are even cheaper. When some enterprises are signing export orders, the International Chamber of Commerce will depress prices even if they consider the devaluation of the renminbi, and even threaten them by shifting orders. Enterprises can only be forced to accept lower prices in order to maintain their customers and ensure production.

Therefore, the decline in exchange rate has limited effect on stimulating the growth of China's textile and clothing exports.

Looking at the whole situation, at present, the possibility of rapid growth of demand in the two major trade markets of Europe and Japan is very small. Some Southeast Asian countries and even African countries are rapidly supporting the development of textile and garment industry, which makes our textile and garment exports feel pressure. In the future, the data of China's textile and clothing trade need to be improved and there is still a long way to go.