1~5 Months, China'S Textile And Clothing Exports Grew By 3.35% Over The Same Period Last Year.

According to the Customs General Statistics Bulletin, in May, China's textile and clothing exports totaled 23 billion 445 million US dollars, up 1.07% over the same period last year.

Among them, textile exports amounted to $11 billion 240 million, an increase of 9.14% over the previous year, and clothing exports of $12 billion 200 million, down 5.38% from the same period last year.

In 1~5 months, the total export volume of China's textiles and clothing totaled US $102 billion 231 million, an increase of 3.35% over the same period last year.

Among them, the total export volume of textiles was 47 billion 577 million US dollars, up 10.75% from the same period last year, slowing down by 1.65 percentage points over the 1 quarter. The total export volume of clothing was 54 billion 654 million US dollars, down 2.34% from the same period last year, and the growth rate dropped by 3 percentage points compared with the 1 quarter.

The export of labor intensive products such as textiles and garments is not as good as the overall performance of China's exports of goods.

In the first 5 months of this year, the total export volume of goods in China increased by 13.3%, higher than that of textiles and garments.

9.95 percentage points.

According to the insiders, on the one hand, the uncertainties caused by Sino US trade friction are increasing. Many international buyers of overseas brands are likely to diversify further.

Pressure on export enterprises increased.

On the other hand, since 2018, the global economic recovery has been divided. Apart from the US and foreign countries, the growth rate of the major developed economies in the world has declined, and the recovery trend of some emerging countries is weakening, and the kinetic energy of global consumption purchasing power has been reduced.

Therefore, in the coming period, China's clothing exports will still maintain a large growth pressure.

On June 14th, the spokesman of the Ministry of Commerce introduced the development of China's foreign trade in 1~5 months this year at a regular press conference held by the Ministry of Commerce.

Peak said that this year, China's foreign trade development continued to maintain a stable and good trend, quality and efficiency further improved.

The main features are as follows: from the international market, our country has the tradition of the United States, the European Union, Japan and Hongkong.

Imports and exports grew by 5.3%, 7.3%, 4.5% and 6.8% respectively.

The growth of imports and exports of the countries along the belt and road is 11.1%, higher than the overall growth rate by 2.3 percentage points, and the growth of ASEAN's imports and exports is 11.9%, which is higher than the overall growth rate by 3.1 percentage points.

The rapid growth of the country's market is Russia, Indonesia, Vietnam and so on, the increase is 18%, 16.5% and 24.4% respectively.

From the perspective of commodity structure, the structure of export products has been continuously optimized, and the export of mechanical and electrical products has increased by 3 trillion and 610 billion yuan, an increase of 7.9%, which is 2.4 percentage points higher than the overall growth rate, accounting for 1.3 percentage points higher to 58.8%.

Imports of some commodities increased fairly rapidly, and imports of 10 major commodities such as natural gas, crude oil and coal increased by 10.9%.

From the perspective of business entities, foreign-funded enterprises are still an important force in the development of China's foreign trade. The proportion of private enterprises has increased steadily, and the import and export of state-owned enterprises have been developing smoothly.

Private enterprises import and export 4 trillion and 520 billion yuan, an increase of 11.7%, an increase of 1 percentage points to 38.9%, continue to maintain the status of the first largest business operator, state-owned enterprises import and export 2 trillion and 110 billion yuan, an increase of 13.8%, accounting for 18.1% of China's total foreign trade.

Foreign enterprises import and export 4 trillion and 950 billion yuan, an increase of 4.3%, accounting for 42.6%.

From the perspective of trade, the proportion of general trade continued to increase, processing trade increased marginally, and border trade developed rapidly.

In the first 5 months of this year, general trade imports and exports were 6 trillion and 840 billion yuan, an increase of 12.7%, representing an increase of 2 percentage points to 58.8%.

Processing trade imports and exports 3 trillion and 90 billion yuan, an increase of 1.7%, accounting for 26.5%.

Border trade has developed rapidly, with import and export reaching 104 billion 290 million yuan, an increase of 15.2%.

From the domestic perspective, the eastern region continued to grow steadily, and the proportion of the central and western regions continued to increase.

In the first 5 months of this year, the import and export volume of the central and western regions was 1 trillion and 810 billion yuan, an increase of 16.7%, representing an increase of 1.1 percentage points to 15.6%.

The eastern region imports and exports 9 trillion and 820 billion yuan, an increase of 7.4%, accounting for 84.4%.