Exports Of Clothing, Textiles And Footwear Have Declined

Domestic shoes this year clothing The exports of textiles and other products have declined. Let's take a look at the actual data:

Under the dual pressure of recovery pressure on the world economy and weak domestic demand, the foreign trade data in October also came under considerable pressure. On November 8, the General Administration of Customs released data showing that in October, China's total import and export value was 2.06 trillion yuan, down 9%. Among them, the total export volume was 1.23 trillion yuan, down 5.7% from the previous month, which was the first month on month decline in the total export volume in seven months.

Statistics show that the total export volume in October was 1.23 trillion yuan, down 3.6% year on year; Import was 833.14 billion yuan, down 16% year on year; The trade surplus was 393.22 billion yuan, an increase of 40.2% year on year.

On a month on month basis, China's exports fell for the first time in the past seven months. On a year-on-year basis, China's exports fell for the fourth consecutive month. Imports declined year on year for a whole year.

The data shows that from January to March this year, China's foreign trade exports fell month on month for three consecutive months, and the decline reached double digits.

Xu Hongcai, head of the Economic Research Department of the China Center for International Economic Exchanges, believes that China's imports and exports both declined in October, with negative growth intensifying, and the number has not improved. This is mainly due to weak external demand, rising domestic production costs, increasing downward pressure on the economy, and weak domestic import demand.

Cumulative, in the first 10 months of this year, China's total import and export volume was 19.93 trillion yuan, down 8.1% over the same period last year (the same below).

　　 Export of various labor-intensive products declined

Behind the data decline is the optimization and upgrading of the structure. "Not all types of exports are falling sharply, and the export of labor-intensive products is falling the most." Yao Jingyuan, the former chief economist of the National Bureau of Statistics, said at the Zhengzhou Service Outsourcing Innovation Conference held on the 7th.

The data provided by the General Administration of Customs also proves this. In the first 10 months, clothing textile The three categories of labor-intensive products of footwear showed negative growth, and the exports of the three categories of products fell by 7.0%, 1.4% and 4.7% respectively year on year. In addition, steel exports also fell by 6.6% year on year.

"With the end of the demographic dividend, China's labor advantage is no longer, while Vietnam, Cambodia and Indonesia are learning from China to vigorously develop processing trade." Yao Jingyuan said that the average wage of Vietnamese workers is only more than half of the average wage of Chinese workers, and Cambodia is cheaper.

However, there are still bright spots in the pain of structural adjustment. In global trade, China's electromechanical exports and services Trade It shows an increasing trend.

In the first 10 months, China's exports of mechanical and electrical products reached 6.58 trillion yuan, up 1.4%.