Will The "Tight Days" In The Foreign Trade Market Continue?

For enterprises, the most afraid is nothing more than two things: good orders failed, debt can not be taken back! This matter has been on the fair of golden hair technology recently!

Crying! If you don't have 6.8 billion yuan, you'll have 34 million more bad debts!

Just after the 6.8 billion mask orders from the United States and Jinfa have just finished, according to the semi annual report released by Jinfa, it is obvious that it suffered more than the United States in the first half of the year. A Shandong company ranked in the list of bad debt reserves with a debt of 34.4 million yuan.

　　 It is understood that Shengquan group has been deeply engaged in the big health industry for many years, and has been in the mask industry chain for many years. As early as April 3, Shandong Shengquan new material's civil mask has completed the EU ceen149 certification.

And for the sudden emergence of nearly 300 million orders for masks in the United States, it is inevitable that golden hair will look for foreign aid. As for whether golden hair technology really went to Shandong Shengquan for OEM work and paid a deposit of 34 million yuan. However, the order from the United States finally turned yellow, resulting in a deposit of 34 million yuan that couldn't be refunded. Goldilocks could only claim to be unlucky.

As for the withdrawal of 100% bad debts of the accounts receivable of 34 million yuan, the Goldilocks has not explained, and there is no information on whether legal proceedings are involved. We do not know the causes and consequences of the event.

Orders to the United States increased risk, the share of shrinking!

For Goldilocks, it's a big loss this time! For some foreign trade enterprises, if this year's business encounter these situations, it can be said that it is "worse".

After all, under the epidemic situation, many export-oriented enterprises' orders have been cancelled and their market share has shrunk significantly. In addition, the current Sino US trade dispute has not improved. Some people even describe that "Sino US relations have entered a new Cold War period", and the risk of orders to the United States is increasing.

High tariffs, overseas epidemic and tense bilateral relations brought about by the trade war forced American fashion companies to reduce their contact with Chinese suppliers. According to the second quarter survey by the American fashion industry association, 29% of fashion executives said they purchased more from Vietnam than from China this year, compared with 25% last year.

If the trade tensions between the United States and China continue to escalate, American fashion companies are likely to further cut their purchases in China. Fortunately, on August 25, good news came from the national level

In terms of diplomatic language, it is equivalent to some progress in the settlement of disputes, but fundamental differences still cannot be resolved.

However, no matter which direction Sino US trade will go, the general environment is still not easy for foreign trade textile workers this year. At present, the whole textile and clothing industry chain is in the cycle of weak demand and surplus, and textile owners are also waiting for the signal of market improvement.

"If the market wants to get better, it still depends on the terminal demand. However, the domestic textile and clothing demand is relatively weak, and it is difficult for overseas demand to improve significantly. Recently, the epidemic situation of new crown overseas is still spreading, many stores have been closed, and the demand has naturally slowed down! " Wang, a foreign trade enterprise.

"The best time of this year was when the domestic epidemic situation ended in the first half of the year, and the foreign epidemic situation had not started. That was the highlight period. We had a lot of foreign orders and were in a hurry to do it. But when the outbreak of the foreign epidemic, many orders disappeared, and the market became uncontrollable. So far, our year-on-year sales have shrunk by 40%." A woman's fashion fabrics based foreign trade boss Liu said.

"Gold nine silver ten" approaching, textile people's confidence where to find?

Looking at the current overseas market, the impact of the epidemic on the overseas economy has not completely dissipated. On the contrary, the economy of many countries is suffering unprecedented impact.

In the second quarter of this year, the real GDP of the United States fell at an annual rate of 32.9%, the largest decline since records began in 1947. According to relevant data, as of August 17, a record 45 enterprises with assets of more than 1 billion US dollars and 157 enterprises with debts of more than 50 million US dollars filed for bankruptcy.

For today's foreign trade market, textile owners are more worried about the industrial transfer caused by the trade war.

As China is a big manufacturing country, China's manufacturing industry plays an important role in the world. The name of "world factory" has been recognized by the whole world. Because of this, it has been envied by other countries, and it has begun to suppress the manufacturing in China.

In recent years, the share of China's textile and clothing products in the market of major developed countries continues to decline, while the import of clothing to Vietnam and Bangladesh shows a double-digit growth. It can be seen that China's textile and clothing market share in Europe, the United States, Japan and other traditional export markets is being replaced by competitors such as ASEAN, India and Bangladesh.

Fortunately, the productivity of textile materials in these countries has not yet become a climate, so many yarns and fabrics have to be imported from China. "This year, we export more orders to Vietnam and Cambodia, and their terminal customers are from the United States." Mr. Liu said.

In August, orders for foreign trade have recovered compared with the previous period. It is said that the demand from South Africa, Brazil and other countries has slightly recovered, while many customers in European countries are on holiday. Therefore, according to the Convention, orders can not be issued until the middle of September.

In short, no matter domestic trade or foreign trade, the market demand for clothing still exists. The foreign trade market in the fourth quarter is likely to be better than that in the third quarter. However, it is not yet time for the textile boss to have a better day. For the textile boss, the tight days are still not alleviated: the operating costs are high year by year, the price is pushed to the extreme by customers, and the payment recovery is slow The market is still in crisis.