In The First Three Quarters, China'S Foreign Trade Steadily Improved And Textile And Garment Exports Grew By 4.6% Over The Same Period Last Year.

Recently, the latest data released by the General Administration of Customs showed that in the first 3 quarters of this year, China's foreign trade increased rapidly, the structure was continuously optimized, the power pformation was accelerated, and the quality and efficiency were further improved.

The steady and favorable trend of import and export is further consolidated, laying the foundation for the high quality development of foreign trade.

According to the overall foreign trade situation of the textile and garment industry, according to the US dollar, in September this year, China's textile and apparel exports amounted to 26 billion 608 million US dollars.

Among them,

Exports of fabrics and products amounted to US $10 billion 600 million.

The accessories are 16 billion 8 million dollars.

Textiles in the first 3 quarters

The cumulative export volume of US $207 billion 770 million increased by 4.6% year-on-year, and continued to maintain steady growth.

Among them, exports of textiles in the first 3 quarters amounted to US $89 billion 290 million, an increase of 10.5% over the same period last year, and clothing exports of US $118 billion 480 million, representing an increase of 0.6% over the same period last year.

In terms of Renminbi, China's textile and apparel exports totaled 1 trillion and 350 billion 340 million yuan in the first 3 quarters, down 0.6% from the same period last year.

Among them, textile exports in the first 3 quarters were 579 billion 340 million yuan, an increase of 4.7% over the same period last year, and clothing exports totaled 771 billion yuan, down 4.2% from the same period last year.

In September, the total export of textiles and clothing totaled 181 billion 950 million yuan, of which 72 billion 450 million yuan for textile exports and 109 billion 500 million yuan for clothing exports.

The director of the foreign trade division of the Ministry of Commerce introduced the first 3 quarters of China's foreign trade operation, pointing out that the value of China's foreign trade imports and exports increased quarterly by the first 3 quarters of 2018. The growth rate of the third quarter was significantly higher than that of the previous year.

At the same time, electromechanical products and labor-intensive products are still the main export force.

In the first 3 quarters of 2018, China's clothing, toys and other 7 categories of labor-intensive products totaled 2 trillion and 290 billion yuan, down 0.8% from the same period last year, accounting for 19.3% of the total value of exports.

A spokesman for the General Administration of Customs said that since the beginning of this year, China's economy has been developing steadily and steadily, and a number of economic indicators have been generally stable.

Although the international economic and trade situation is facing uncertain and unstable factors, the global trade in goods is still growing as a whole.

Under the combined action of many factors at home and abroad, China's import and export continued to develop steadily in the first 3 quarters.

Nevertheless, export enterprises still need to pay close attention to and guard against the risk factors of foreign trade.

China Export and Credit Insurance Corp released in 2018

"Since the trade friction between China and the United States has occurred, the US buyer has abandoned the goods because of the inability to pay domestic import duties, or the downstream sales have been poor because of the rising cost, and the situation of malicious default payments has increased.

With regard to overseas investment, the US will face a broader investment review, a longer review cycle and a more stringent reporting system after the implementation of the foreign investment risk review Modernization Act.

This will make Chinese enterprises invest more in the US.

At present, the differences between China and the US are still concentrated in the field of trade, but the risk signals in the investment field are gradually emerging.