August Foreign Trade Index: "One Belt And One Road" Opportunities To Drive Foreign Trade Prices Up

In August, the foreign trade prosperity index closed at 730.50 points, a rise of 2.79%, an increase of 5.15% over the beginning of the year, an increase of 4.46% over the same period last year. The foreign trade price index closed at 164.24 points, rising 2.89%, up 4.63% from the beginning of the year, rising 1.45% over the same period, and the foreign trade confidence index at 1145.26 points, rising by 7.19%.

In August, the export volume of textile and clothing in Keqiao District, Shaoxing city of Zhejiang province increased, and the textile exports showed a trend of ring growth. Under the shadow of trade protectionism, Sino US economic and trade frictions have increased uncertainty for China's textile and garment industry, but many American insiders say they will not stop cooperation with Chinese related enterprises. At the same time, as Chinese enterprises actively innovate and upgrade to overseas layout, China's textile and garment industry will remain competitive in the international market for a long time. Export textile enterprises have further accelerated their transformation and upgrading, and the bonus of "one belt and one road" has helped boost the development of textile and foreign trade in Keqiao. The 20190825 phase of the foreign trade prosperity index rose, and the foreign trade price index rose.

Partial promotion of overseas procurement

In August, the prosperity index of foreign textile enterprises in Keqiao District of Shaoxing increased. With the active development of the international market, the procurement of overseas buyers was partially promoted, and the volume of newly added single volume and export volume of foreign trade enterprises increased. Among them, the foreign trade prosperity index of cotton and its blended fabrics increased by 15.08%; the foreign trade prosperity index of chemical short fiber fabrics increased by 10.55%; the foreign trade prosperity index of embroidery category increased by 18.37%; the daily textile index of domestic textile fabrics increased by 4.23%; the curtain curtain foreign trade prosperity index rose 38.95%; the foreign trade prosperity index of soaked, coated and coated textiles increased by 28.40%, and the index of stimulating foreign trade prosperity rose.

In August, it was a low season for printing and dyeing. However, all the production lines of some enterprises in Keqiao District of Shaoxing were full of horsepower. The cloth that was rushed out was a paraffin dyed cloth sent to Tanzania, Kenya and Togo. Innovation has enabled these enterprises to successfully open up foreign emerging markets and increase their export sales. Keqiao now has the largest textile industry in the country. With the further development of the "one belt and one way" construction, a group of textile enterprises in Keqiao actively expand the emerging markets and are ushering in new opportunities for development. Relying on the self-developed intelligent pattern design software system, some companies in Shaoxing can automatically design 200 types of flowers in one hour, and thousands of flower types can be produced in one day for merchants to choose online. In recent two years, Qipao is the most popular commodity in traditional Chinese clothing. The style of Chinese textile this year is mainly based on cheongsam printed fabrics. Textile enterprises seize the opportunity to produce linen cheongsam fabrics, and constantly improve product innovation and product quality, to meet the different needs of customers.

External factors pull

In August, the foreign trade price index showed a rising trend. Among them, the foreign trade price index of cotton and its blended fabrics increased by 9.28%; the foreign trade price index of chemical fiber and filament fabrics increased by 3.59%; the price index of embroidery and foreign trade increased by 12.22%; the foreign trade price index of soaked, coated and coated textiles increased by 18.30%; the total price index of foreign trade increased.

RMB is broken "7", textile and other sectors welcome good. In August 5th, offshore RMB against the US dollar fell below the "7" barrier and reported 7.0398. The depreciation of the renminbi constitutes a great advantage for exports. Stimulated by the devaluation of the RMB, the export competitiveness of the entire textile industry has been enhanced. Insiders say that the textile industry has a high degree of dependence on exports. The devaluation of the RMB will help the company reduce costs and enhance the competitiveness of its products, so that enterprises can get more orders. On the other hand, it is beneficial for export oriented enterprises to obtain foreign exchange earnings, which will further stimulate consumption and benefit the export of textile products. At present, half of the textile listed companies in the A share market account for more than 50% of the total export business. According to industry related calculations, the textile and garment industry has benefited from the depreciation of the renminbi. The total price index of foreign trade is rising.

The "one belt and one way" market trade has become a new growth point of Keqiao's foreign trade. Under the good environment, Keqiao China Light Textile City has been actively carrying out the action of "the Silk Road Keqiao is full of the world". It has gathered Keqiao high quality textile enterprises to go deep to the countries along the belt and road, excavate new opportunities for cooperation, explore new development models, and build an efficient and mutually beneficial platform for further promoting bilateral trade exchanges and creating long-term cooperation.

Keqiao textile enterprises gradually open up a new version of overseas markets. In the past, we spent resources, set prices, and worked together. Now we are going to put together new technologies, new ideas and new management. Textile enterprises actively cultivate foreign language talents, and actively implement one to one services with foreign customers. The export market has also developed from traditional markets to Indonesia, Vietnam and Turkey. The "one belt and one way" market has accounted for more than half of the export business of some textile enterprises.

Forecast of next stage foreign trade index

For the export situation in September 2019, professionals expect textile and clothing exports to show a slight growth trend. September is the traditional peak season for textile industry. Textile enterprises are preparing for golden nine silver ten, export orders will increase significantly in the earlier stage, and some factories will also have a long run out of "burst warehouse" news. Although the Sino US trade negotiations are still full of variables, the implementation of the "one belt and one way" initiative has pointed out the direction for the internationalization of more Chinese textile enterprises.