Analysis Of China'S Textile And Garment Export Data

Entering 2021, China's textile and garment export enterprises will be very busy. Some enterprises even arranged orders to March and April, cotton yarn market ushered in cross year market. Industry analysts generally believe that in 2021, driven by many favorable factors, China's textile and clothing exports will continue to improve.

? ? ? In 2020, the new crown pneumonia epidemic swept all over the world. China's textile industry withstood the huge pressure brought by the epidemic and seized the opportunity of explosive growth in demand for masks and protective clothing. It not only realized the rapid recovery of production after the Spring Festival and the rapid expansion of the production capacity of masks and other textiles, but also made use of the repeated outbreaks in Southeast Asia and other places to return some foreign trade orders of textiles and clothing Single.

According to the latest customs data, in December 2020, China's textile and garment exports reached US $26.2 billion, an increase of 7.2%, including 12.7% of textile exports of US $12.29 billion and US $13.91 billion of clothing exports, an increase of 2.7%. From January to December 2020, China's textile and clothing exports totaled 291.22 billion US dollars, an increase of 9.58% year-on-year. Among them, textile export was 153.84 billion US dollars, an increase of 29.2% year-on-year; clothing export was $13.78 billion, a year-on-year decrease of 6.4%.

In the fourth quarter of 2020, with the improvement of domestic epidemic situation, vaccine application, regional comprehensive economic partnership agreement (RCEP), domestic and international dual circulation and demand side reform, the market demand will obviously improve. In 2020, the cumulative export of textile and clothing will increase by 9.5%, which will drive the overall export growth of China's goods trade by 1%. Among them, textiles have been growing for nine consecutive months since April, while clothing has been reversing since August and growing for five consecutive months.

"China's textile enterprises have seized the opportunity of demand for epidemic prevention materials such as masks and protective clothing, and pushed the decline of textile and clothing exports to narrow when the supply and demand staged mismatch and the export of traditional clothing dropped sharply. This transformation not only helps domestic textile enterprises get rid of the predicament, but also contributes Chinese strength to the global epidemic prevention. "Liu Jie, an analyst with Zhuo Chuang information, said that since May 2020, the growth rate of China's textile and garment industry has increased significantly compared with the previous three years. This reflects that with the gradual control of the epidemic situation, the global demand margin for textiles and clothing has continued to improve, driving the domestic textile market to hit the bottom and rebound, and together with domestic demand, China's textile raw materials have come out of a wave of demand driven growth. According to Zhuo Chuang monitoring, from the end of March 2020 to now, the cotton period has been rising in resonance for more than August. Among them, Zheng cotton has risen by more than 30% and American cotton has risen by more than 50%. Both of them have recovered the decline in the epidemic situation, and the domestic and foreign cotton prices have risen by more than 10% year on year. This is not easy under the background of economic bottoming and shock rebound this year.

"If there is no black swan incident, the cotton yarn market will usher in the traditional peak season of 'gold, silver and four' after the Spring Festival, and the cotton yarn price is expected to reach a new level. However, due to the recent severe epidemic situation at home and abroad, the United States banned the import of cotton products from Xinjiang, China. Affected by the short-term market driving factors, some enterprises are worried that orders will fall after the Spring Festival. "Liu Jie said that in the long run, with the gradual control of the epidemic situation and the large-scale application of vaccines, the stimulus policies of countries around the world have been increased, and the macroeconomic situation has remained unchanged. In addition, the signing of RCEP may benefit China's textile and garment exports, and the domestic and international dual circulation and demand side reform policies have taken effect in succession. The global textile and clothing market may continue to show a good trend, and China's textile and clothing exports will continue to improve.