Textile And Garment Exports Grew By 6.3 Percentage Points Year-On-Year.

Customs statistics show that in the first half of 08 years, China exported 81 billion 640 million US dollars of textile and apparel, up 11.1% from the same period last year, an increase of 6.3 percentage points from the same period last year. The textile and garment industry is moving towards ASEAN and other neighboring countries (regions).

(September 3rd) the customs statistics show that in the first half of 08 years, China's export of textile and clothing (including textile yarn, fabrics and products, clothing and accessories) was 81 billion 640 million US dollars, an increase of 11.1% over the same period of 07 years (an increase of 6.3 percentage points over the same period of 07 years).

In June, China exported $15 billion 510 million of textile and clothing, down 4.2%.

In the first half of 08 years, the main features of China's textile and garment exports were: 1. Textile yarn, fabrics and products became the main driving force for export.

In the first half of 08 years, China's clothing and clothing accessories exported 49 billion 960 million US dollars, an increase of 3.4%, of which $9 billion 870 million was exported in June, down 15%.

In the first half of 08 years, textiles, garments, yarns and products exported 31 billion 680 million US dollars, an increase of 25.7%, higher than that of the same period, 22.3 percentage points of clothing export growth, and the contribution rate to the growth of textile and garment exports over the same period reached 79.4%.

Two. Exports to the European Union are growing rapidly, and exports to the US and Hongkong markets are sluggish.

In the first half of 08 years, China's textile and apparel exports to the EU 17 billion 390 million US dollars, an increase of 44%.

In the same period, I increased 0.3% against the US $10 billion 800 million, increased 7% against Japan's $9 billion 320 million, and 14.5% against Hongkong's 7 billion 630 million US dollars, accounting for 55.3% of the total value of textile and garment exports over the same period.

During the month of June, except for a few markets such as the European Union, the performance of most major export markets was not very optimistic, with the US and Hongkong falling by 4% and 19.4% respectively.

Three. General trade still plays a leading role. Border trade has become an important driving force.

In the first half of 08 years, China exported 56 billion 440 million dollars of textile and clothing in general trade mode, an increase of 6.5%, accounting for 69.1% of the total value of China's textile and garment exports over the same period.

At the same time, the export of processing trade was 18 billion 970 million dollars, an increase of 8.8%; the export of small trade border was 4 billion 650 million dollars, a sharp increase of 1.6 times. The contribution rate to the export growth of textile and clothing was up to 34.9%.

Four. The export growth of private enterprises has dropped markedly.

In the first half of 08 years, China's private enterprises exported 32 billion 420 million yuan of textile and clothing, an increase of 11.9%, an increase of 28 percentage points over the same period in 07 years, accounting for 39.7% of the total value of China's textile and garment exports over the same period.

In addition, foreign invested enterprises and state-owned enterprises exported 27 billion 660 million US dollars and US $16 billion 470 million respectively, increasing by 13.8% and 6.1% respectively.

Five, the export of Zhejiang enterprises is strong, and the export of Guangdong enterprises has dropped sharply.

In the past 08 years, Zhejiang's textile and clothing exports have grown strongly. Zhejiang has replaced Guangdong as the first largest province of China's textile and garment exports in the 08 quarter of the 1 quarter.

In the first half of the year, the export volume of textiles and clothing in 3 provinces of Zhejiang, Guangdong and Jiangsu exceeded US $10 billion, of which the export of Zhejiang was US $19 billion 290 million, an increase of 27.1%; Guangdong's US $15 billion 140 million, a decrease of 22.7%; Jiangsu's 13 billion 210 million US dollars, an increase of 21.5%; the 3 provinces accounted for 58.4% of the total value of China's textile and apparel exports in the same period.

In the first half of 08, China's textile and clothing exports showed the above characteristics, which were mainly affected by the following 4 factors: first, the trend of China's textile and garment industry moving towards ASEAN and other neighboring countries (regions) was obvious.

The price of labor in China has risen significantly. The cost of labor in neighboring countries such as India, Pakistan and Vietnam is only 38% of that in China.

This part of the countries and regions are taking advantage of the lower labor cost advantage to occupy the overseas market share of China's textiles, while also increasing the tendency of China's textile and garment industry to migrate to a large scale.

At present, there are more than 400 Chinese textile enterprises invested in Kampuchea, and nearly 100 in Bangladesh.

Due to the first development of garment production in ASEAN countries, the supply capacity of upstream textile fabrics with relatively high technology content is still limited and needs to be imported from China.

In the first half of 08 years, China exported 3 billion 560 million dollars of textile yarn, fabrics and products to ASEAN, a significant increase of 41.4%, while clothing exports only 1 billion 530 million US dollars, down 18.5%.

According to the information of the 103rd Canton Fair, the number of foreign businessmen in the textile and clothing hall in 08 years is far less than in previous years, and the turnover has also dropped significantly.

Two, the negative impact of the continued appreciation of the renminbi is far-reaching.

In the first half of 08 years, the central parity of RMB against the US dollar was rewritten for the 50 time, with a cumulative appreciation of 6.5%, which is close to the 6.9% level of the 07 year's whole year.

The market competition of textile and apparel products is fierce and the bargaining power of the international market is generally poor. At present, the profit margin of 2/3 of the Chinese textile industry is only 0.62%.

Three, the subprime crisis dragged down weak demand in major consumer markets such as the United States.

Affected by the US subprime crisis, the US economy is in a doldrums.

In May, the unemployment rate in the United States has risen to 5.5%, the highest level since October 2004. The consumer confidence index has dropped sharply, and textile and clothing consumption demand has been weakening.

In the past 08 years, except for March, China's exports of textiles and clothing to the US have increased by less than 2% per month, or even negative growth.

Four, the abolition of textile quotas in Europe and China has made the EU market a "safe haven".

Due to the abolition of textile quotas in the EU before the US, the freedom of enterprises to expand the EU market has increased.

In the case of weak performance in the US dollar market, the devaluation of the RMB against the euro has also strengthened the export power of Chinese textiles to the EU market.

In the first half of 08 years, bilateral textiles and clothing exported to Europe increased by 5 billion 520 million US dollars, an increase of 1 times, while in the same period, the number of textile and clothing restricted to the United States dropped by 18.1%.

Textile industry, as China's few industries with strong international competitiveness, is facing increasingly serious survival crisis.

In view of the prominent role of textile and garment industry in employment and social stability, it is suggested that: first, timely raise the export rebate rate of textile and garment products and relax the threshold of corporate credit; two, continue to track the situation of China's textile industry's relocation and timely give out early warning; three, improve the capacity of the Midwest to pfer to the labor intensive industries in the central and western regions as quickly as possible, give full play to the late advantages of the central and western regions; four, strengthen consultations with the United States to ensure that the 21 categories of textiles exported to the United States are lifted on time, and create a relaxed environment for Sino US textile and clothing trade.