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    Strength And Confidence In China'S Textile And Garment Industry

    2020/7/1 8:04:00 0

    StrengthTextile And Garment Industry

    At present, China's textile and garment industry is facing the overall decline in internal and external demand caused by the global epidemic, the lack of orders and the poor logistics. The terminal consumption has been reduced to the whole industry chain, and the internal and external sales have been blocked. The interruption of the supply chain has also dragged down the foreign trade development of the intermediate goods, resulting in a continuous decline in the capacity and export of the upper, middle and lower reaches of the products. But China's textile industry has the entire industrial chain and perfect infrastructure from raw materials to finished products. Once the epidemic is eased, the supply capacity can be restored immediately.

    The epidemic affected the export situation of textile and clothing in the first quarter.

    In the first quarter, China's textile and clothing trade volume was 52 billion 480 million US dollars, down 15.5% from the same period last year. Among them, exports of 46 billion 350 million US dollars, down 17.7%; imports 6 billion 130 million US dollars, an increase of 5.4%. Its main characteristics are as follows: first, production gradually recovered in March, and exports rebounded significantly in February. Two, general trade exports have improved slightly and foreign aid supplies have increased dramatically. Three, ASEAN is the first largest export market in China for the first time. The proportion of Chinese products in the US market has dropped to below 20%. Four, the export situation of textiles is better than that of clothing, and the export of anti epidemic products has soared.

    Textile category epidemic prevention materials exports increased significantly

    In the face of severe epidemics, Chinese enterprises responded quickly and efficiently, and made great contributions to the global epidemic. The export of anti epidemic materials to the world's serious epidemic countries and regions has increased significantly. In March, exports of textiles related category (including medical masks, medical protective clothing, surgical cap, medical shoe covers, cotton swabs, cotton sticks and cotton balls) were exported to US $1 billion 440 million, accounting for 9.1% of the total export volume of textiles and clothing this month, up 90.8% from the same period last year. Among them, medical masks increased by 180%, medical protective clothing increased by 78%, exports to the European Union (including the UK) increased by 213%, and Japan and Korea increased by 58.8% and 224% respectively. Due to the lack of attention in the early stage of the epidemic prevention and control in the United States and the difference in product standards, the export to the US increased by only 7.1%.

    China's textile and garment industry is still in a position to attract investment and return orders.

    In the short term, the epidemic will indeed accelerate the transfer of industries to areas outside China, but in the long run, this effect will not last. Strong and stable production and supply capabilities will once again become a bonus for China's textile and garment industry, and will attract more investment and orders to China. In the US market with the largest share decline, China lost 10 percentage points in the first quarter to more than a dozen countries. Although the share of ASEAN has exceeded China and its industrial chain is incomplete, the reality of relying on China for raw materials and semi-finished products has not changed. Based on this, it is estimated that the share of major market imports from China will come back in the coming months. Rise.

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