Textile Exports Rebounded Strongly In April. Experts Tell You How Far Away From The Bottom Of The Trade.

The General Administration of Customs of China released the national cargo trade data in April 2020 in May 7th. Import and export value of goods trade in the first 4 months Nine point zero seven Trillion yuan, down from the same period last year (same below). 4.9% The decline narrowed compared with the first quarter. One point five A percentage point, of which exports Four point seven four Trillion yuan, down 6.4% 。 Import and export trade in April Two point five Trillion yuan, slightly lower 0.7% Export One point four one Trillion yuan, growth 8.2% 。

Among them, textile exports rebounded sharply in April, stimulating the overall export of textile and clothing to achieve growth.

So does this mean that the foreign trade situation has been "extremely popular"? When will the true bottom rebound occur?

Textile exports rebounded sharply in April

Garment exports continue to fall

In April, exports of textiles and clothing showed obvious differences: Textiles rebounded rapidly under the impetus of epidemic prevention products, and stimulated the overall export growth. The export of clothing was reduced by the decrease of external market demand, and the gap between the two was further widened. In April, textile exports amounted to more than one fold of clothing.

Exports of textiles and clothing are calculated in Renminbi.

In 2020 1~4, textile and apparel exports totaled 466 billion 400 million yuan, down. 7.4% Of which, the export of textiles was 261 billion 300 million yuan, an increase. 5.9% Clothing exports 205 billion 100 million yuan, down 20.2% 。

Textile and clothing exports in April One thousand five hundred and one point seven Billion yuan, growth 14.8% Textile exports One thousand and twenty-seven point nine Billion yuan, growth 56.2% Clothing export Four hundred and seventy-three point eight Billion yuan, down 27.1% 。

Exports of textiles and clothing are calculated in US dollars:

2020 1~4 months, textile and apparel exports Six hundred and sixty-six point two The export volume of textile products was reduced by 10% (9%). Three hundred and seventy-three point one Billion growth 2.9% Clothing export Two hundred and ninety-three point one Billion dollars, down 22.3% 。

Textile and clothing exports in April Two hundred and thirteen point six Billion growth 9.8% (export growth of China's goods trade) 3.5% ) textile exports One hundred and forty-six point two Billion growth 49.3% Clothing export Sixty-seven point four Billion dollars, down 30.3% 。

Three factors pull back

It takes time to touch the bottom and warm up.

The trouble is not over yet.

According to expert analysis, the sharp rebound in China's exports in April was mainly due to the early implementation of hand orders.

Bai Ming, deputy director of the International Market Research Institute of the international trade and Economic Cooperation Institute of the Ministry of Commerce of China, said that the export rebounded significantly in April, mainly because a large number of foreign trade enterprises had resumed their work and resumed production.

Second, the surge in exports of anti epidemic materials also stimulated exports to a certain extent. According to the statistics of the General Administration of customs, the average export volume of China's epidemic prevention materials increased from about 1 billion yuan in the early days to nearly 3 billion yuan per day in April, and has increased by more than 3 times in a month.

In addition, the cardinal effect is also one of the reasons why the export growth rate exceeded expectations in April.

China's exports grew by only last April. 3.1% It is at a low level throughout the year.

But the sharp increase in exports in April does not mean that China's exports have been "extremely prosperous".

On the one hand, from mid March, Europe and the United States will cancel a large number of orders due to the severe epidemic situation, and its impact will gradually appear in the coming months.

Wang Jun, a member of the academic committee of the China International Economic Exchange Center, said that due to time lag, the current export figures have not yet reflected the impact of the cancellation of orders on Chinese foreign trade enterprises, nor have they fully reflected the real situation of foreign trade enterprises.

In the view of Bai Ming, China's exports may hit bottom in May or June, and the real turning point will be in the second half of the year.

On the other hand, although some countries are cautiously relaxing the strict restrictions on economic activities, the need to recover to the pre epidemic situation needs a process, and export enterprises may have to face "order shortage" for a period of time.

If the Ministry of Commerce spokesman summit 7 said, although the decline in foreign trade data in April narrowed, but the development of foreign trade is still facing greater downward pressure. The growth trend of outbreaks has continued, which has brought great impact on the global economy and trade, and the uncertainties and instability factors have increased significantly. The risks and challenges faced by foreign trade development are unprecedented.

Peak revealed that from the recent Ministry of Commerce to key provinces and cities, import and export chambers of Commerce and key enterprises to investigate the situation, foreign trade enterprises are still facing many difficulties in the cancellation or extension of orders, difficulties in signing new orders, and poor logistics.

Policy "red envelope" on the road