Words Of One Family | Textile Export "Stepping On The Brake" In October Looking Forward To RCEP

According to customs statistics, from January to October 2020, China's cumulative exports of cotton yarn and cotton cloth were 227000 tons and 5491 million meters, respectively, with a year-on-year decrease of 28.71% and 16.91% respectively; however, the growth rates of cotton yarn and cotton cloth exports in September were 9.70% and 3.64% respectively; in October, the year-on-year growth rates of cotton yarn and cotton cloth were 5.77% and-3.53% respectively, and the performance of cotton yarn and cotton cloth since the year of 2020 / 21 By comparison, the decline of gauze export in 2020 will be narrowed in an all-round way.

From January to October of 2020, China's textile and clothing exports amounted to US $240.628.7 billion, with a year-on-year increase of 9.52%. Among them, the year-on-year growth rates in September and October were 15.73% and 8.65%, respectively. However, it is worth noting that compared with the significant growth of cotton yarn, textile and clothing exports in September, the overall decline of cotton yarn, cotton cloth, textile and clothing exports in October was more prominent.

Why did China's cotton yarn, cotton cloth and textile clothing export not continue the trend of "soaring" in October? Trade enterprises in Guangdong, Jiangsu, Zhejiang and other places believe that there are mainly five reasons as follows:

First, affected by the Chinese National Day holiday; second, the second outbreak of the new epidemic in some European countries, which not only affected the arrival of new orders, but also restricted the performance of the contract; third, since October, not only has the sea freight skyrocketed, but also China's main port containers have become "hard to get one ticket"; fourth, the RMB has continued to appreciate against the US dollar, and the profits of some export-oriented enterprises and traders have dropped sharply, The delivery period is passively lengthened; the "short, flat and fast" export contracts are actively abandoned (low profit); fifthly, the cash flow of a large part of cotton textile enterprises and garment factories is tightening in October and November; coupled with the expectation that the credit will gradually tighten at the end of the year, it is not conducive to expand the order receiving scale.

As for RCEP, the author thinks that it is a process of "limited short-term stimulation and long-term good prospects" for China's cotton textile and clothing industry chain: on the one hand, the textile and clothing industries of ASEAN countries are in a state of rapid development and seizing customs and plundering land; the global competitiveness of cotton yarn and cotton cloth cannot be underestimated, and the impact of Chinese enterprises is not small; while Japan, South Korea, Australia and On the other hand, the governments of the United States, Europe and other countries, as well as purchasers and brand enterprises, continue to "eat small cooks" for textile and clothing enterprises such as ASEAN, India and Bangladesh, and the orders are transferred to regions outside China (low and middle end orders are lost or irreversible). How Chinese enterprises play the role of RCEP, the "super economic circle", is crucial Moreover, the out of control of the new crown epidemic abroad, the uncertainty of China's trade policy after Biden took office, and the United States and Europe's joint efforts to fight against China have made it difficult for RCEP to "play its part". (