The Epidemic Situation Has A Great Impact On Overseas Textile Production
According to the statistics of the Ministry of Finance and economics of Cambodia, in the first quarter of 2021, the export volume of clothing, shoes and travel goods was 2.4 billion US dollars, a decrease of 10% over the same period of last year. Due to the shutdown during the implementation of the closure in Cambodia, the delivery of garment products was delayed. The Cambodian Garment Manufacturers Association (GMAC) said that as soon as the situation of Xinguan epidemic situation improved, the whole production chain would be in normal operation. Due to respect for the government's blockade measures, the whole production chain would be shut down. Once the production chain was restarted, it would be able to provide products as soon as possible. It is reported that Cambodia's export volume in this field will reach 9.5 billion U.S. dollars in 2020, which is lower than that of last year's US $10.6 billion.
According to the data compiled by the association of Italian textile machinery manufacturers (ACIMIT), the order acceptance index of Italian textile machinery increased by 66% from January to March 2021 compared with the same period in 2020 due to the good performance of orders from foreign and domestic markets. Orders from abroad showed a 68% increase. On the domestic side, the increase in orders was more diversified, with an increase of 54% compared with the first quarter of 2020, which was very significant because textile machinery production almost stopped after the epidemic began. ?
(source: China Cotton Association)
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