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Cotton Yarn, Cotton And Textile Clothing Exports Failed To Continue To Grow

2020/12/8 15:10:00 0

Cotton Yarn Cotton Cloth Textile Clothing Export Situation

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 ratio of cotton yarn and cotton cloth since 2020 / 21 was compared Relatively strong, pull the decline of gauze export in 2020 to narrow 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 growth 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, textiles 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 China's 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 the sea freight soared, but also the main ports of China's container tension to "one ticket is hard to obtain"; fourth, the RMB continued to appreciate against the US dollar, some export-oriented enterprises and traders' profits dropped sharply, and delivery Fifth, the cash flow of a large part of cotton textile enterprises and clothing factories has been tightened in October and November. In addition, the expectation of gradual tightening of credit at the end of the year is not conducive to the expansion of the scale of orders.

As for RCEP, China's cotton textile and clothing industry chain is a process of "limited short-term stimulation and long-term good prospects": on the one hand, the textile and clothing industries of ASEAN countries are in a state of rapid development, seizing customs and plundering land; the global competitiveness of cotton yarn and cotton cloth can not be underestimated, and the impact of China's enterprises is not small; while Japan, South Korea, Australia and New Zealand are facing great challenges On the other hand, the government of the United States, Europe and other countries, as well as purchasers and brand enterprises, continue to "eat a small kitchen stove" for textile and clothing enterprises in ASEAN, India, Bangladesh, etc., and the orders are transferred to regions outside China (middle and low-end orders are lost or irreversible). How Chinese enterprises play the role of RCEP, the "super economic circle", is the key, 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".