Textile And Clothing Exports Maintained Growth Trend In The First Three Quarters

In the first three quarters of this year, China's textile and clothing exports increased compared with the same period last year. According to the latest statistics of the General Administration of Customs of China, from January to September 2020, China's textile and clothing exports amounted to US $215783.8 billion, a year-on-year increase of 9.3%. Among them, the cumulative export volume of textiles was 117.9501 billion US dollars, an increase of 33.7% year-on-year; the cumulative export volume of clothing was 97.833.8 billion US dollars, a year-on-year decrease of 10.3%. Industry insiders expect that China's textile and clothing exports will continue to be in large volume in October. The export of anti epidemic materials such as masks will continue to drive the growth of textile export in the whole year. Although the export growth rate has slowed down, the new demand still maintains a certain scale.

Since the beginning of this year, the new crown epidemic has had a great impact on the global trade environment. Under the influence of the epidemic situation, the demand for epidemic prevention materials has surged, and the export of unconventional categories such as masks and protective clothing has surged, thus driving the overall export growth of China's textile and clothing. With the gradual improvement of the epidemic situation, China has continued to promote the resumption of work and production. In the second quarter, domestic production has gradually returned to the level before the epidemic. Orderly promotion of the increase of export orders has effectively made up for the global supply gap caused by the impact of the epidemic. Some enterprises' export orders have increased, and China's textile exports have gradually recovered from the trough.

"In the third quarter, the global economy as a whole was in the process of recovery, and the recovery of foreign demand led to the growth of overall exports. On the one hand, the peak season of foreign trade has arrived, and orders are being placed one after another in Europe and the United States, the Middle East and South America. September is the traditional peak season of the European and American markets, and the procurement of Thanksgiving and Christmas materials brings a large number of orders, especially the online demand. On the other hand, many overseas orders have been rapidly transferred from India and other countries to domestic production recently. " Zhang Jie, an analyst with jinlianchuang, said that with the worsening of the epidemic situation in India, textile industry had a large area of stoppage, resulting in a large number of overseas orders could not be implemented, so a large number of orders produced in India were transferred to China.

According to the latest data of the General Administration of customs, in September 2020, the export of textiles and clothing was 28.37 billion US dollars, an increase of 18.2%, including 13.15 billion US dollars of textile exports, an increase of 35.8%, and clothing exports of 15.22 billion US dollars, an increase of 6.2%. From the textile and clothing export situation in September, we can see that there are repeated signs of the epidemic, among which the epidemic situation in Europe, America, Southeast Asia and other countries is still serious, and China's exports of masks, protective clothing and other types of textiles still maintain a rapid growth. "With the advent of autumn and winter, there is still the possibility of a second outbreak of the epidemic. China's exports of masks, protective clothing and other types of textiles still maintain a high growth rate, and are expected to drive the overall textile and clothing growth rate on a month on month basis and continue to be better on a year-on-year basis." Zhuo Chuang information analyst Liu Jie said.

With the arrival of the "golden nine silver ten" traditional peak season, the export of traditional clothing and accessories has turned from negative to positive. "The epidemic situation in India and other Southeast Asian countries has repeatedly affected production, while China's textile and clothing industry chain is complete, and orders are delivered rapidly. Some Southeast Asian orders are transferred to China. Some domestic textile enterprises report that home textile orders have been catching up with the same period last year since September, and they are still hot in October." Liu Jie said.

According to Zhuo Chuang information research, although the volume of textile and clothing orders is obvious, the overall order profit is not high, and compared with the same period last year, the large orders are significantly reduced, and the number of loose, short and fast orders is increasing, which puts higher requirements on the operation of textile enterprises. In addition, the domestic online Red live delivery platform has increased the volume of goods, but the requirements for textile and clothing materials are not high, so the transaction volume of polyester staple fiber and viscose staple fiber with higher cost performance ratio is greater than that of pure cotton series products.

In the later stage, with the arrival of the "silver 10" peak season, the epidemic situation has been repeated, and China's textile and clothing exports will continue to be in large volume in October. According to the latest survey of Zhuo Chuang information, cotton textile enterprises' orders continued to increase in October; some enterprises reported that the epidemic situation in India affected the transfer of orders to China, and the demand for knitted bedding was in short supply, and the orders of some garment factories were scheduled to May next year. "But at present, the order differentiation is more serious, some home textile orders are hot, driving up the prices of 32 and 40 series yarn, and the transaction of jeans series orders is fair, which is expected to reach the level before the epidemic next month." Liu Jie said.