China'S Textile And Apparel Exports Increased Slightly In May.

May, China

The amount of US $25 billion 450 million increased by 0.03% over the same period last year.

Among them, exports amounted to 23 billion 520 million US dollars, an increase of 0.5%; imports of US $1 billion 930 million, down by 5.7%, and the trade surplus of US $21 billion 590 million in the same month, an increase of 1.2%.

From January to May, China's textile and clothing trade volume was 110 billion 170 million US dollars, down 2.8%.

Among them, exports amounted to 101 billion 10 million US dollars, down by 2%; imports of US $9 billion 160 million decreased by 11.5%; the cumulative trade surplus was 91 billion 850 million US dollars, down 0.9%.

Profile: exports continue to maintain growth and growth narrowed

In May, textile and clothing exports continued to grow, but with the gradual expansion of the year-on-year base, the growth rate was significantly narrowed compared with the previous two months. The growth rate in the US dollar increased by only 0.5% in the month, representing a decrease of 33.6 and 4.4 percentage points over March and April, respectively.

The 3 consecutive month of growth led to a further narrowing of exports to 2% in the first half of May.

Judging from the current situation, the export trend of textile and clothing is relatively stable, but due to the lack of rapid growth momentum, the increase or decrease in exports in the coming months is still closely related to the base of the same period last year, and the situation of further decline is not ruled out.

Except for processing trade, the main trade modes are increasing.

In May, exports of general trade and other trade modes dominated by market purchases continued to grow, with an increase of 1.2% and 29.2% respectively. The growth rate dropped significantly compared with the previous two months; the processing trade dropped by 14.7%, while the small border trade resumed 4.9% growth in that month.

From January to May, the cumulative export volume of general trade resumed 0.1%, other trade modes increased by 38.6%, and processing trade and border trade decreased by 16.5% and 22.5% respectively.

Exports: exports to EU significantly narrowed

In May, China's exports to the EU increased by only 0.2%, significantly narrowing compared with the previous stage.

Among them, textiles grew by 7.5% and clothing by 2.2%.

From January to May, the total exports to the European Union totaled 17 billion 470 million US dollars, a decrease of 3.9%, of which 4.2% of textile products, 6.9% of clothing, 1.1% of exports of needle woven garments, and 6.6% of the export average unit price.

Britain is China's largest textile and apparel market in the EU, and is relatively stable market.

In 2015, Sino British textile and apparel trade amounted to US $12 billion 630 million, accounting for 4% of China's Global trade.

From January 2016 to May, China's total exports to the EU declined, but it maintained a 3% growth rate for the UK.

In late June, the news of Britain's "off Europe" came out, which caused the global financial market turbulence, and the pound and the euro plummeted.

Although the pressure on RMB to depreciate against the US dollar, the exchange rate against the pound may rise.

In the short term, there will be some uncertainty about foreign trade denominated in euros and pounds.

Exports to the US have declined, and garment exports have declined.

The US market, which was stable in the early stage, also showed a continuous decline. In May, exports to the United States dropped by 9.2%, a decline of 6 percentage points from April.

Textiles and clothing decreased by 6.1% and 10.3% respectively, and the export of needle woven garments decreased by 9.5%.

From January to May, exports to the United States totaled 15 billion 940 million US dollars, down 3.1%, of which 6.1% of textiles and 1.8% of clothing.

The export volume of knitted and woven garments of key commodities decreased by 1.2%, and the average unit price of exports increased by 1.4%.

Export to ASEAN keeps growing and garment exports continue to enlarge.

In May, exports to ASEAN amounted to 3 billion 270 million US dollars, an increase of 8.5%, an increase that narrowed compared with the previous two months. However, the monthly export volume continued to enlarge, and the ring continued to grow.

Textiles and clothing increased by 6.8% and 12.7% respectively, of which the export volume of needles and woven garments continued to increase for 3 consecutive months.

From January to May, China's total exports to ASEAN totaled 13 billion 970 million US dollars, and its decline narrowed further to 0.6%.

Among them, textiles grew by 7.9%, clothing decreased by 17.4%, and exports of large categories of yarn, fabrics and finished products recovered all the same. The export volume of needled woven garments narrowed to 3.9%, and the export average unit price dropped by 15.2%.

Exports to Japan continue to decline.

Although exports to Japan increased by 4.8% over the same period in May, exports continued to shrink, a decline of two consecutive months.

According to the statistics of Japanese customs, the share of Japanese imports from China has dropped to 61.8% in the first 4 months, and the possibility of breaking 6 percent in the year is very great.

Japan's share in China's export market also dropped to 6.3%, and the outlook for the Japanese market is not optimistic.

From January to May, the total export volume to US $7 billion 860 million was down by 5.9%, of which textiles and clothing decreased by 2.7% and 6.7% respectively. The total export volume of knitted and woven garments of large categories decreased by 2.3%, and the average unit price of exports fell by 4.7%.

{page_break}

Slowdown in export of large categories of commodities has yet to stop the export unit price.

In May, textile exports increased by 1.6%, and garment exports dropped by 0.3%.

In large categories, yarn and finished goods increased by 8.5% and 2.9% respectively, and fabrics decreased by 0.7%. The export of knitted and woven garments increased 4.4% in clothing.

The export prices of large categories of commodities have not recovered. The average unit price of needle woven garments exports has dropped by 4.6%, and the prices of yarns, fabrics and finished products have not stopped.

From January to May, the export prices of textiles and clothing decreased by 0.3% and 3.2% respectively, with a further narrowing of the decline.

The growth of fabrics in textiles is 1.5%, yarn and finished products are still decreasing, the total export volume of needle woven garments is reduced by 0.4%, and the export unit price has dropped by 3.1%.

Guangdong's key provinces of export and fall in the month of the month have formed a positive pull

In May, exports from 17 provinces (cities and districts) increased. In the eastern key export provinces, Shandong increased rapidly, with an increase of 18%. Guangdong, which grew rapidly in the first two months, reversed, and exports fell 4% in that month.

From January to May, there were still only 12 provinces and cities in China that had accumulated growth. Most of them were concentrated in the eastern and central regions. The key provinces, including Guangdong, Fujian and Shandong, maintained growth, forming a positive pull for the overall export growth.

Imports: textile imports narrowed narrowed clothing growth

In May, textile imports dropped to 11.2%, clothing increased by 17.4%, and the two jointly promoted the decline in overall imports of textiles and clothing.

Imports of yarn, fabrics and finished products in textiles decreased by 16.8%, 9.2% and 2% respectively. The total imports of knitted and woven garments increased by 15.3% and the unit price of imports increased by 3.1%.

From January to May, the total import of textiles decreased by 16.3%. The decline of imports of all kinds of commodities was inversely proportional to the degree of commodity processing. The higher the degree of processing, the smaller the decline.

The decrease in yarn, fabric and finished products was 23%, 12.5% and 6.6% respectively.

Yarn imports and import prices fell by 18.9% and 9.6% respectively.

The total import of clothing increased by 4.8%, of which the import of needle woven garments increased by 6.3% and the import unit price dropped by 1.8%.

Cotton imports have been slightly warmer and the difference between inside and outside cotton prices has been widened.

Cotton imports gradually showed signs of recovery. In May, 79 thousand tons of imports were imported, and imports continued to expand compared with April. The growth rate was 12.9%, down 51.7% from the same period last year.

From January to May, a total of 359 thousand tons of cotton were imported, down 53.6% from the same period last year, and the average unit price of imports dropped by 1.7%.

In May, the launch of the cotton reserve was officially launched, and the business was highly competitive, with a high turnover rate.

However, due to the longer arrival time, the temporary shortage of available resources in the market and the better textile demand, domestic cotton spot prices rose steadily this month, and Zhengzhou cotton futures prices rebounded.

The average monthly price of China's cotton price index (CCIndex3128B) is 12511 yuan / ton, up 494 yuan / ton, or 4.11%, down 856 yuan / ton, or 6.41%.

The end of the month was 12613 yuan / ton, up 241 yuan / ton at the end of last month.

The price of international cotton has increased because of the favorable economic data of the United States, and the price difference between inside and outside cotton has increased.

In May, the international cotton price rose less than that of China. The price index of China's cotton imports was FCIndexM 70.96 cents per month, up 0.62 cents.

The end of May 31st was 73.20 cents / pound, up 0.82 cents from the end of 4, and the discount rate of 1% yuan was 12094 yuan / ton, which was lower than the cotton price index of 519 yuan / ton in the same period.