Textile Exports Continued To Grow Steadily In The October

Recently, the latest data released by the General Administration of Customs showed that in October, China's imports and exports maintained a relatively fast growth, the structure was continuously optimized, the power pformation was accelerated, the quality and efficiency improved, and the steady and favorable trend was further consolidated.

The textile and garment industry has also maintained a good steady growth in foreign trade.

From the specific situation, according to the US dollar, 1~10 months, our country

Clothing exports totaled $230 billion 805 million, an increase of 4.77% over the same period last year.

Among them,

Fabrics and products totaled $98 billion 971 million 800 thousand, representing an increase of 9.9% over the previous year. The growth rate slowed slightly compared with the previous September. The total export of clothing and accessories in October was 131 billion 833 million 500 thousand US dollars, representing an increase of 1.2% over the same period last year.

In the month of October, China's textile and clothing exports amounted to 23 billion 256 million 600 thousand US dollars, up 7.33% over the same period last year.

Among them, exports of textiles, yarns, fabrics and products were 9 billion 743 million 600 thousand US dollars, an increase of 5.88% over the same period last year. The clothing accessories 13 billion 513 million US dollars, up 8.4% over the same period last year, and continue to maintain the growth trend since the second half of the year.

According to the director of the foreign trade division of the Ministry of Commerce, 1~10

Imports and exports of other major markets have increased, and the growth rate of imports and exports along the "one belt and one way" countries is higher than that of the whole.

In 1~10 months, the total trade volume between China and Europe was 3 trillion and 680 billion yuan, an increase of 8.4%.

The total trade between China and the United States amounted to 3 trillion and 440 billion yuan, an increase of 7.4%.

Over the same period, China's total imports and exports to the countries along the belt and road grew by 6 trillion and 840 billion yuan, an increase of 14.8%, which is 3.5 percentage points higher than the national growth rate as a whole.

From the perspective of the overall export of the textile industry, China's exports to the United States, the European Union, Japan and the "one belt along the way" along the way in October this year have also maintained a growth trend, which is consistent with the overall export situation of the whole country.

Especially in the first three quarters of this year, China's textile and clothing exports to the United States maintained a 8.5% growth rate, a 9.1 percentage point increase over the same period last year.

according to

According to the analysis of foreign trade personages, in the context of Sino US trade friction, to minimize losses, many orders "grab exports", thus supporting the rapid growth of exports to the US in the first half of October.

The United States will impose a 25% tariff on some of its products in January 1st next year, which will have a greater impact on orders.

"From September 24th to the end of this year, 10% orders for customs duties will be added, and we can sit down with American purchasers to discuss how to share the extra cost.

However, under the tariff of 25% next year, the US orders will hardly be allocated to the Chinese market, and many of them will be pferred to Southeast Asian countries.

Therefore, we have already arranged a diversified export market earlier.

If an enterprise is exporting to the US alone, it will face a "catastrophe".

A Zhejiang textile export business person in charge told reporters.

Industry experts said that the demand in the international market is relatively stable, and the demand for domestic imports has increased steadily. China's foreign trade has the basic conditions for maintaining steady growth.

But in 2019, the environment facing China's foreign trade development is more serious and complex, and the downside risks of the world economy are increasing. Sino US trade friction has brought greater uncertainty to Sino US bilateral economic and trade relations and even the whole world.

From the October PMI data released by the National Bureau of statistics, the new export orders index has been the lowest since 2016. Many textile foreign trade enterprises have reflected the impact of Sino US trade war.

From January 1st next year, the United States will increase tariffs on some of our products by 10% to 25%, increasing the worries of American buyers, and the major impact on textile and clothing exports is expected to be concentrated in the first half of next year.