China'S Textile Exports Continued To Grow In July

Customs statistics show that in July 2018, China exported about 26 billion 950 million US dollars in textile and apparel, an increase of 5.74% over the same period last year, an increase of 5.78% over the month.

Exports

Fabrics and products of US $10 billion 159 million, an increase of 8.78% over the same period, a decrease of 4.91% compared to the same period, and an export garment and accessories 16 billion 792 million US dollars, an increase of 3.99% over the same period last year, an increase of 13.51% in the ring.

According to the General Administration of customs data, 1-7 months in 2018

Exports of US $154 billion 367 million, an increase of 3.71% over the same period last year.

Among them, exports of textiles amounted to US $68 billion 461 million, an increase of 10.05% over the same period last year, and exports of clothing and accessories reached US $85 billion 906 million, down 0.84% from the same period last year. According to JOYOU's accumulative data, two people continued to show a marked differentiation trend of "strong textile exports and weak clothing exports".

Since the two quarter of this year,

Friction continues to escalate.

The export has brought tremendous pressure, while the US dollar has been relatively strong during the same period and the RMB has accelerated depreciation. Especially since mid June, there has been a sustained and rapid depreciation. The statistics of JOYOU statistics ended in August 1st. The RMB exchange rate against the US dollar has reached the lowest point in the year. The central parity of RMB against the US dollar has depreciated from 6.4 to 6.85. For 3 consecutive months, the RMB has fallen to nearly 7.2% against the US dollar. Although the depreciation of the RMB or the effective measure of hedging the US tariff, it has obviously limited effect.

RMB denominated, Chinese textiles in 1-7 2018

The total export volume was 990 billion 200 million yuan, down 3.26% from the same period last year.