The Main Reason For The Strong Growth Of China'S Textile And Clothing Exports

China

Exports, despite the strong rebound in textile and clothing exports in March, the industry said that China's textile and apparel exports still face high domestic labor costs.

In the short term, the export situation has improved slowly.

Accordingly, China's textile and clothing exports may remain stable or negative in the two quarter, and the possibility of positive growth is relatively small.

The total export volume of textiles in China declined significantly in the first quarter, and the export of textile and clothing went through the trend of first suppression and later promotion.

Clothing exports have always been ahead of textile exports, occupying more than half of exports.

According to statistics from the General Administration of customs, China's total exports of textiles and clothing totaled 56 billion 641 million US dollars in the first quarter, down 5.2%.

Among them, textile exports amounted to 23 billion 450 million US dollars, down 2.2% compared with the same period last year, and clothing exports were 33 billion 180 million US dollars, down 7.3% compared with the same period last year.

Compared with the same period, January, February and March decreased by 15.68%, 27.76% and 34.07% respectively over the same period last year.

In January, the total export volume reached the highest level, 24 billion 131 million US dollars; in February, the export volume was the lowest, 15 billion 658 million US dollars; in March, the export volume was 16 billion 852 million US dollars, at the middle level.

In March, textile exports rebounded strongly, textile exports amounted to $7 billion 920 million, an increase of 34.7% compared with the same period last year, and clothing exports increased by US $8 billion 930 million, an increase of 33.5% over the same period last year.

In March, China's textile and clothing exports increased by 110 billion 10 million yuan, up by 42.7% compared with the same period last year.

Among them, the export of textiles was 51 billion 730 million yuan, an increase of 43.5% over the previous year, and 58 billion 280 million yuan of clothing exports, an increase of 42% over the same period last year.

The related analysis of the Chinese textile import and Export Chamber of Commerce indicates that in March, the main reasons for the strong growth of China's textile and clothing exports were two:

First, the impact of last year's low base, which was affected by the Spring Festival last year, led to a sharp decline in textile and clothing exports, with a year-on-year base low.

Two, the current foreign trade environment has improved, the RMB exchange rate has stabilized, and the dividend policy of steady foreign trade has been gradually released, which has promoted the situation of commodity exports including textiles and clothing.

Xu Xiaomiao believes that in the first quarter, the total export volume and the total amount of textiles in China decreased significantly. In addition to the suppression of the Yuan's strengthening against the US dollar, the influence of Chinese textiles in Japan and the European Union is weakening, while the expansion of influence in North America, South America and other places is another important reason.

According to the statistics of the General Administration of customs, China's textile imports totaled US $3 billion 195 million in 1~2 months, of which $2 billion 174 million was imported from textiles and $1 billion 21 million was imported from garments.

From the data of 1~2 months, the import volume of domestic textiles dropped greatly, while the import volume of garments increased little. However, the total import volume of textiles and clothing was finally dragged down due to the rapid decline in textile imports.

The import volume of China's textiles is generally 2 times or more than 2 times the amount of clothing imports. It is the most import form of textile and clothing in China. "

Xu Xiaomiao said.

According to Xu Xiaomiao, the cost of cotton yarn has risen rapidly due to the cost of producing abroad, and the price advantage of export has been lost. The price difference between imported cotton yarn and domestic cotton yarn has been rapidly reduced, showing a flat trend, directly inhibiting the kinetic energy of China's cotton yarn imports, and the import volume dropped by 18.10% in the same month 1~2.

In the second quarter, what will happen to China's textile and clothing exports?

Regarding this, Xu Xiaomiao thought, "in the two quarter, the change of China's textile and clothing exports may still be negative or stable, and the possibility of positive growth is relatively small.

Although the consumption of domestic textiles and industrial products in the recent textile industry will improve with the improvement of construction industry and real estate industry, in the external demand, the medium and long term textile and garment exports still face the high cost of domestic labor, the low reputation of products and the added value, and the improvement of export situation is slow in the short term.