In March, China'S Textile And Clothing Exports Rebounded Strongly. Can The First Quarter Stabilize The Whole Year?

According to the data released by the General Administration of customs, exports of textiles and clothing in March were US dollars.

18 billion 180 million dollars

Year-on-year

28.4% increase

。

Among them, textile exports amounted to 9 billion 520 million US dollars, an increase of 36.4%;

Clothing exports 8 billion 660 million US dollars, an increase of 20.6%.

In the first quarter, exports totaled 56 billion 330 million US dollars, down 1.8%.

Among them, textile exports amounted to 26 billion 900 million US dollars, an increase of 3.9%, and clothing exports of US $29 billion 430 million, down 6.5%.

The strong growth of exports in March reversed the two digit decline in industrial exports in the first February of this year, which led to a slight increase in the first quarter.

Among them, the export of textiles was 64 billion 320 million yuan, an increase of 45.1% over the same period last year.

Clothing exports 58 billion 460 million yuan, an increase of 28.1%.

Cumulative export in the first quarter

385 billion 210 million yuan

,

3.3% increase

Textile exports amounted to 183 billion 870 million yuan.

9.3% increase

Clothing export

201 billion 340 million yuan

,

Down 1.6%

。

The uncertainty of the external environment has brought more unpredictability and uncontrollable factors to the export of the whole year, and export enterprises have generally reflected that buyers are cautious.

Specifically, since January and February contain new year's day and Spring Festival, the export situation is more casual. Therefore, the overall data in the first quarter will be more valuable for judging the trend of export in the whole year.

According to past data, China's textile and apparel exports in the first quarter of 2017 amounted to US $54 billion 880 million, which was US $57 billion 350 million in the first quarter of 2018, and the overall situation in the first quarter of this year is stable.

However, enterprises are optimistic about the progress of Sino US trade negotiations.

Therefore, this year's production orders are expected to be loose and tight.

A well-known manufacturing enterprise with the honor of "the best supplier in the world" has said that due to the uncertainty of the international trade environment, large international buyers have adjusted their strategic layout, demanding that Chinese production and processing enterprises pfer some of their capacity to Southeast Asia and other places ahead of schedule.

This trend also explains the reasons for the decline in the number of garment exports in China.

Industry analysts believe that due to rising labor costs, regional trade preferences and rules of origin and other reasons, China's clothing production capacity to continue to shift overseas.

The growth of textile exports is driven by the supply of raw materials supporting the pfer of garment productivity.