From January to April of this year, the foreign trade situation of China’s textile products maintained a favorable balance, but the trade volume had declined in different degrees compared with the same period of last year. Industry insiders predict that the total foreign trade volume of textiles in China will continue to decline year-on-year in May. Apparel and clothing accessories export advantages weak According to statistics from the General Administration of Customs of the People's Republic of China, from January to April 2016, China exported a total of US$77.477 billion worth of textiles and garments, of which US$33.11 billion was exported and US$44.367 billion was exported. According to Xu Xiaomiao, an analyst in the textile industry of Zhuo Chuang, the foreign trade situation of China's textiles remained in a favorable state from January to April 2016, but the trade volume has declined to varying degrees compared to the same period of last year. "It is worth noting that China's textile and apparel exports continued to show negative growth year-on-year in the first four months of this year. The advantage of exports of clothing and clothing accessories was weak, with a year-on-year decrease of 4.00%, which was a significant decline. It is still difficult to realize textile yarns, fabrics and products at the same time. Positive growth." Xu Xiaomiao said. The reporter learned that the reasons for the negative growth in China's textile and apparel exports over the same period last year are various. “Vietnam and other Southeast Asian countries have increased their textile and apparel export capabilities, and their product cost-effectiveness has gradually increased, and they have seized a share of China’s apparel in overseas markets. According to Zhuochuang Information, China’s textile products are favored in the North American market, but in the EU and Japan. The use of markets such as South Korea has dropped too fast," said Xu Xiaomiao. Loss of price advantage of imported pure cotton yarn According to statistics from the General Administration of Customs of the People's Republic of China, China's total textile imports from January to April 2016 amounted to US$7.224 billion, of which US$5.211 billion was imported and US$2.013 billion was imported. “The import volume of textile yarns, fabrics and products fell too fast year-on-year, dragging down the total import volume of textiles in our country showing a significant negative growth. Since 2016, the price advantage of imported pure cotton yarn products has been lost. The order quantity of traders has dropped rapidly, dragging down the total value of textile and apparel imports. Declined by 13%.†Xu Xiaomiao said. Why does the import volume of China's textile yarn, fabrics, and products fall rapidly year-on-year in the first four months of this year? In this regard, Xu Xiaomiao believes that in major yarn exporting countries such as India, the US dollar quota for cotton yarn exports has risen sharply and has lost its appeal to the Chinese market. In Vietnam and other Southeast Asian countries, because of the low labor cost, the output capacity of the textile industry is becoming stronger and stronger. At present, the textile industry in the downstream of the country is being gradually completed. The proportion of yarns for personal use has increased, the export ratio has decreased, and the price of China-made yarns has been low. Difficult to rebound, leading to a sharp drop in China's yarn imports, which in turn drag down the total import of textile imports. In the future, what kind of characteristics will China's textile foreign trade show? In response, Xu Xiaomiao said that the rectification of the Keqiao printing and dyeing industry has caused the degree of outflow of downstream orders in textiles to continue to deepen. In terms of external demand, the medium and long-term export of textiles and garments still faces high domestic labor costs, product popularity, and low added value. In the short term, the export situation is improving slowly. Therefore, it is expected that the total foreign trade of textiles in May will continue to decline year-on-year. 100%Polyester Plain Shell Fabric Shell Material Fabric,Shell And Lining Polyester,Polyester Plain Shell Fabric,100%Polyester Plain Shell Fabric WUJIANG ZHONGTIAN JETWEAVING CO.,LTD , https://www.zhongtianfabric.com
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