Import And Export Chamber Of Commerce: Data Analysis Of China'S Textile And Garment Trade In 2015

In December 2015, the national trade in goods entered Exit The total value of US $388 billion 280 million decreased by 4.1% compared with the same period last year. Of which, exports amounted to 224 billion 190 million US dollars, down by 1.4%; imports of US $164 billion 100 million, down by 7.6%, and the trade surplus of 60 billion 90 million US dollars in that month. In 1-12 months, the total value of import and export of goods and trade in the whole country totaled 3 trillion and 958 billion 640 million US dollars, down 8%, of which exports were 2 trillion and 276 billion 570 million US dollars, down 2.8%. Imported 1 trillion and 682 billion 70 million US dollars, down 14.1%, and a cumulative trade surplus of US $594 billion 500 million.

In December, Spin The trade volume of clothing and apparel was 29 billion 130 million US dollars, an increase of 4%, of which exports were US $26 billion 890 million, an increase of 4.7%, and imports of US $2 billion 240 million, down 4.2%. 1-12 months, textiles clothing The cumulative trade volume of US $309 billion 510 million decreased by 4.8%, of which exports were US $283 billion 900 million, a decrease of 4.9%, and imports of US $25 billion 610 million, a decrease of 3.5%. The cumulative trade surplus was 258 billion 290 million US dollars, down 5%.

First, exports and imports fell twice in the year, and exports rebounded at the end of the year.

In 2015, China's foreign trade suffered another "cold spell". The first time in the past 6 years since the global financial crisis in 2009 has been a double dip in exports and exports. As a representative of labor-intensive products, textiles and clothing bear the brunt. Exports declined by 4.9% throughout the year and imports dropped by 3.5%, of which exports declined more than the national trade in goods and the trade surplus also fell again. This decline is different from that in 2009. In 2009, the volume of trade suddenly contracted due to the sudden global financial crisis. The decline in exports in 2015 was more due to the structural decline caused by the disappearance of the traditional export advantage and the superposition of the internal and external unfavorable environment. The decline in imports should be mainly attributed to the slowdown in domestic economic growth and the lack of demand.

In the last month of the year, textile and clothing exports rebounded slightly, increasing by 4.7% and the fourth quarter by 5.3% as a result of the continued depreciation of the RMB against the US dollar and the lower base year.

Two, the trade mode is diversified, and the comprehensive service platform of foreign trade is emerging.

In 2015, the trade structure was further optimized. The proportion of general trade imports and exports was 76.9% and 51.5%, respectively, 3 and 1 percentage points higher than that in 2014. The emerging market purchasing trade pattern has been developing rapidly in the middle of the year. Under the "other" trade mode, the total export volume reached 12 billion 280 million US dollars, an increase of 31.1%, and exports accounted for 4.3%.

Exports of major trade patterns declined, general trade decreased by 3.6%, processing trade dropped by 15.1%, border trade decreased by 20%, and general trade decreased by a minimum. In terms of imports, the share of general trade imports in 2014 exceeded that of processing trade, and the gap between the two countries further expanded. In 2015, the proportion of general trade imports reached 51.5%, the import volume grew by 2.5% over the same period last year, while the share of imports of processing trade contracted to 38.6%, down 12.3% from the same period last year, resulting in a negative pull on the overall import.

Business owners tend to optimize. Private enterprises grew further, exports amounted to 188 billion 980 million US dollars, 2/3 of the country's exports came from private enterprises, and the share of state-owned enterprises and foreign-funded enterprises returned to 11.5% and 21.7% respectively. The export of foreign-funded enterprises fell most rapidly, with a drop of nearly 10%, while state-owned enterprises dropped by 7.7%, while private enterprises only declined by 2.9%.

The development mode of foreign trade has changed. As an innovation in the import and export business mode, the foreign trade integrated service platform such as "one taton" has been flourishing in 2015. Among the top 20 enterprises in the year, these enterprises (including trade companies) occupy nearly half of the seats, which is more than doubled in 2014.

In the face of severe foreign trade situation, large and super large enterprises show stronger pressure resistance. Among the more than 90 thousand export enterprises in China, the large and super large enterprises with exports of more than 50 million US dollars are less than 1%, but they occupy 30% of the export share, and the overall export decline is 3.9%, and the decline is less than the average.

Three, most of the traditional markets are poor, and the emerging markets are still bright.

The EU - multiple factors led to a nearly 10% decline in exports to the EU.

The EU economy has not yet been fully stabilized, the development of the countries in the league is uneven, and the market has been affected by political factors, which led to a further decline in exports to the EU in 2015. The total export volume was 53 billion 130 million US dollars, down 9.4%. Clothing declined by 10.3% and textiles decreased by 6.5%. The total export volume of needles and woven garments decreased by 10% and the unit price by 1%.

Most of the 28 countries in the League declined, while only 7.8% of the top 10 countries maintained a relatively fast growth rate.

The United States and the United States have become the only traditional market for our exports to grow.

Looking back on the market trend in the past 10 years, the United States is the only traditional large market to achieve sustained growth. In 2015, I exported $47 billion 740 million to the US, a record high, an increase of 6.7% over the same period last year. Among them, clothing exports increased by 6.9%, total exports of needles and woven garments increased by 8.4%, and the unit price dropped by 1.1%. Textile exports increased by 6.2%, of which fabrics and finished goods increased by 6.1% and 6.8% respectively, and yarn decreased by 2.8%.

ASEAN garment exports rapidly declined, resulting in a decline in ASEAN exports.

The momentum of ASEAN's continuous export growth ended in 2015, and exports to ASEAN for 35 billion 820 million US dollars, down 0.8%, mainly due to a 12.5% drop in clothing exports. The total export volume of knitted woven garments decreased by 7.8%, and the unit price fell by 7.4%. Textile exports maintained a 6.5% growth, of which fabrics and finished goods increased by 11.3% and 0.3% respectively, and yarn decreased by 12.3%.

Japan's exports to Japan are the fastest in traditional markets, and garment exports continue to slide.

Japan's economic downturn, the appreciation of the RMB against Japanese yen and the spanfer of orders led to a decline in exports to Japan in 2015. The total export volume of the year was 21 billion 650 million US dollars, down by 11.7%. Japan's share in our export market decreased by 3.3 percentage points in 5 years, accounting for only 7.6%. Textiles and clothing decreased by 9.5% and 12.2% respectively, and the total export volume of needles and woven garments, which accounted for the largest share, dropped by 11.5%. The average price of exports decreased by 1.3% over the past 10 years.

Emerging markets perform well, part of " The Belt and Road Initiative China's furniture market potential.

In the 2015, when the overall situation of foreign trade was not good and exports fell to normal, emerging markets and some "one belt and one road" countries showed a good trend, and exports to these areas could still maintain growth. Among them, exports to the Middle East increased by 4.6%, to Africa by 5.2%, and to Latin America only by 4%. The export of 28 countries along the "one belt and one road" has increased, of which 16 countries have increased their export growth by more than 10%, and these countries still have great market potential. {page_break}

The share of Chinese products in the three traditional markets continues to decline.

According to the EU customs statistics, in 2015 1-11 months, the European Union imported 106 billion 290 million dollars from the global textile and apparel products, down 8.8%. The EU has imported $39 billion 520 million of textile and apparel products from China, down by 10.2%, and the average speed has dropped. Imports of textiles and clothing from ASEAN amounted to 10 billion 350 million US dollars, an increase of 0.1%. China's textile and apparel market share in the EU was 37.2%, down 0.6 percentage points from the same period last year, and the ASEAN market share was 9.7%, an increase of 0.8 percentage points over the same period last year. Bangladesh, Turkey, India and Pakistan account for 36.8% of the total market share and gradually compete with me.

According to us customs statistics, in the 1-11 month of 2015, the United States imported 113 billion 130 million dollars of textile and clothing from the world, an increase of 4.2%. Imports from China amounted to 43 billion 110 million US dollars, an increase of 3.6%. Imports from ASEAN amounted to 22 billion 280 million US dollars, an increase of 7%. The share of Chinese products in the US market is 38.1%, down 0.2 percentage points from the same period in 2014. ASEAN's share in the US market was 19.7%, an increase of 0.5 percentage points over the same period in 2013.

According to Japanese customs statistics, in 2015, Japan imported $36 billion 840 million over the whole year, down 8.2%. Among them, imports from China amounted to 23 billion 770 million US dollars, a decrease of 12.1%, a decline of over average, and an increase of 5.8% from ASEAN to US $7 billion 810 million. China's share in the Japanese market continued to shrink, down by nearly 3 percentage points to 64.5% after last year's fall of 70%, while ASEAN's share rose to 21.2% in the same period, a 2.8 percentage point higher than that in 2014, of which Vietnam and Indonesia accounted for 13.5%.

Four, knitted apparel dragged down the overall export of clothing, and the export prices of major commodities fell.

Garment exports, which account for 61% of exports, declined by 6.4%, of which the total exports of needles and woven garments decreased by 6.2%. The relatively low price of knitted garments became the main reason for the decline and export volume dropped by 11.4%. Woven garments still maintain a 2.6% growth. Textile exports decreased by 2.4%, of which only 0.7% of fabrics grew by a small margin, yarn and finished goods decreased by 8.8% and 4.2% respectively, and domestic textiles in manufactured goods decreased by 9.8%.

The average unit price of exports of all kinds of commodities dropped: 0.5% of needle woven garments, 9.2% of yarn and 2% of fabrics.

Five, the slowdown in exports in the eastern region is the slowest, with key provinces forming new export growth points.

In 2015, the export of most provinces (cities and districts) in China decreased. Among them, the eastern region, as a traditional export place, had strong flexibility, rapid response to the change of external environment, the slowest export slowdown, only 1.6% reduction, and 25.7% in the western region and 17.7% in the western region respectively.

Guangdong, Fujian and Guangxi, which ranked second, fourth, seventh in the key export provinces and cities, increased by 8%, 0.1% and 38.3% respectively. The three provinces all showed their respective growth points: the rapid development of the market purchasing trade was positive for the export of Guangdong, the proportion of the total exports accounted for 14% of the total export trade through the market, the export of small border trade was carried out for Guangxi's export escort, the growth of border small trade exports reached 41% over the same period last year, the market pulse was grasped, the share of exports to the US was increased, Fujian's invincible position was achieved, Fujian's annual exports to the United States increased by 12.3%, and the US market accounted for over 10%.

Six, textile imports have dropped and cotton yarn imports have reached a new high.

Imports and exports of textiles and clothing reappeared in 2015, with a drop of more than 2014, mainly due to the decline in textiles. Textile imports dropped by 6.4%, of which yarn, fabric and finished goods decreased by 0.2%, 12.2% and 9.7% respectively, and fabrics fell the fastest. Clothing imports increased by 6%, of which total imports of needle and woven garments increased by 11%, and fur leather clothing increased by 35.2%.

Because of the problems of cotton price difference at home and abroad, import cotton quota restrictions and domestic cotton quality discrepancy, cotton yarn imports still maintained rapid growth. The total import volume was 234.5 tons, a record high, an increase of 16.6% over the same period last year.

The unit price of imports of large commodities decreased, yarn decreased by 10.1, cotton yarn decreased by 12.2%, fabrics decreased by 4%, and needles and woven garments decreased by 3.3%.

Seven, cotton imports reached a new low of nearly ten years, and the advantage of foreign cotton prices gradually weakened.

Due to the demand reduction, export weakening and huge inventory impact, cotton imports in 2015 continued to slash, and only 1 million 475 thousand tons were imported throughout the year, a new low of nearly 10 years, down 40% from the same period last year, and the average price of imports was 1740 US dollars / ton, down 15%.

In 2015, the cotton area and output of the whole nation decreased, and the state cotton stocks remained high. Domestic cotton supply was abundant, and demand was relatively weak. The spot market was slack, cotton sales were sluggish, and domestic cotton spot prices fell mainly. Although some time periods were vulnerable to rebound due to the centralized replenishment of textile enterprises, they were all short. At the beginning of this year, China's cotton price index CCIndex (3128B) was around 13600 yuan / ton, then began to decline continuously, and it closed at 12922 yuan / ton in December 31st, down 683 yuan, or 5%.

On behalf of the international standard grade spot, the price index of China's imported cotton FC Index M 12 was 31 cents on the month of 71.50 cents / pound, up 0.14 cents from the end of 11, and the discount rate of 1% yuan was 11677 yuan / ton, which was lower than that of the cotton price index of China in the same period of 1245 yuan / ton. The price difference narrowed 117 yuan from the same month last month, while the sliding tax reduced RMB 13916 yuan / ton, which was higher than the Chinese cotton price index of 994 yuan in the same period, and the price difference widen 77 yuan last month. The difference between domestic and foreign cotton prices continued to narrow, and the advantage of foreign cotton prices further weakened.