In The First Half Of The Year, The Export Of Textiles And Clothing Was Stable, And The Surplus Contributed Significantly.

According to the Customs General Statistics Bulletin, with the customs statistics, the total export volume of textiles and clothing in the first half of this year amounted to 124 billion 230 million US dollars, down 2.37% from the same period last year (3.51% yuan over the same period last year), and the growth rate slowed down 0.6 percentage points compared with the first quarter. Among them, the total export volume of textiles was US $58 billion 620 million, an increase of 0.66% over the same period (6.71% yuan over the same period last year), and the total export volume of clothing was 65 billion 610 million US dollars, down 4.93% from the same period last year (0.82% in the year over year).


In June this year, the total export volume of textiles in the same month was 10 billion 310 million US dollars, down 3.24% from the same period last year (3.85% yuan over the same period last year); clothing exported 14 billion 340 million US dollars in the same month, down 2.73% compared with the same period last year (4.51% in the year over year).


Since May 10th, the United States has formally imposed a 25% import tariff on US $200 billion worth of goods exported to China, including textile yarns, fabrics, knitwear, industrial manufactured goods and some household textiles, which has brought some pressure to China's textile enterprises to export to the US. However, judging from the current situation, the overall control is controllable and the export toughness of the industry is still there.


In June 29th, the heads of state of China and the United States met during the G20 summit in Osaka. The two sides agreed to resume economic and trade consultations on the basis of equality and mutual respect. The US side said it would no longer impose new tariffs on China's exports to the United States. The largest proportion of clothing and most domestic textiles exported to the United States would not be subject to tariffs. It would help stabilize American buyers' confidence in purchasing orders from China and release positive signals.


According to customs statistics, China's textile trade surplus was US $44 billion 276 million in the first 5 months of this year, the clothing surplus was US $48 billion 350 million, and the contribution rate to the national trade surplus was 33.9% and 37.1%, respectively, with a total contribution rate exceeding 70%. Combined with the overall performance in the first half of this year, the textile and garment industry's export earning capacity is outstanding, and the contribution rate to the national goods trade surplus is expected to exceed 60%.