Spinning And Clothing Data: Textile And Garment Exports Declined In February

It is learnt that the export volume of China's textile and clothing decreased in February and is expected to increase in March.

Industry insiders say that the short term demand for holiday and the rising demand for the cost have led to a decline in China's textile and clothing exports in February.

Export volume has declined.

According to customs statistics, in February 2016, China exported about 15 billion 658 million US dollars of textiles and garments, of which 6 billion 83 million were exported to textile yarn, fabrics and products, and 9 billion 575 million US dollars for export garments and accessories.

In 2016 1~2, China exported 39 billion 789 million US dollars of textiles and garments, of which 15 billion 533 million were exported to textile yarn, fabrics and products, and 24 billion 256 million US dollars for export garments and accessories.

"Textile and clothing exports decreased by 35.11% in February, and textile yarns, fabrics and products decreased by 35.63%, and clothing and accessories decreased by 34.78%."

Analyst Xu Xiaomiao told reporters.

Two reasons led to a decline in export volume.

According to Xu Xiaomiao, two reasons led to the decline of China's textile and clothing exports in February.

"On the one hand, the short-term export of textile and clothing has led to a sharp decline in the export of textiles and clothing.

The first half of February 2016 coincided with the Lunar New Year holiday. The impact of holidays on trade almost completely fell on February.

During the long holidays in China, textile and clothing trade almost stopped, and the sharp drop in trade volume is imperative.

Throughout the past few years, textiles

The lowest monthly value usually occurs in February or March, and the main reason is that the Spring Festival holidays cause market pactions to be suspended.

Xu Xiaomiao said.

"On the other hand, rising costs and weak demand also result in weak demand.

Year-on-year decline. "

Xu Xiaomiao said that in February 2016, the export volume of textiles and clothing dropped sharply compared with the same period last year.

The ASEAN countries such as Vietnam and Indonesia have low labor resources and preferential cotton import policies, leading to the obvious cost advantages of textile exports in the EU and Japan. They occupy the market share of China's textiles and clothing overseas. At the same time, the economic conditions of the developed economies themselves are uneven, and the global textile trade volume is in a downward channel, which also impede China's textile exports.

In addition, Xu Xiaomiao believes that the import volume accounts for less than 10% of the total import and export volume.

"According to customs statistics, the import and export volume of China's textile and clothing accounts for only 7%~10% of exports.

In 2015, China's textile and apparel exports totaled 283 billion 900 million US dollars, imported 25 billion 610 million US dollars, and the ratio of exports to imports was 100:9.02.

In January 2016, the ratio of China's textile and clothing exports to imports was 100:7.48.

Therefore, China is a country that is a net exporter of textiles and clothing, and the change in import volume is hardly noticeable.

Xu Xiaomiao said.

Hard to grow in March

In March, what will be the trend of China's textile and clothing import and export volume? For this reason, Xu Xiaomiao said, first of all, in March, China's textile and clothing exports will improve significantly: in March, the ratio of textile and clothing exports will easily be realized from negative to positive, because it has quickly got rid of the influence of the traditional Spring Festival holiday.

Secondly, in March, China's textile and clothing exports will remain negative year-on-year, and clothing and textiles account for 60% and 40% of the total exports respectively, so the export situation will have a greater impact on the overall situation.

Considering that China's clothing exports continue to maintain a significant failure in the European Union and Japan, and the export of textiles and clothing in Southeast Asia and South Asia is strong, Zhuo Chuang expects that the total export volume of China's textile and clothing will remain negative in March.

Xu Xiaomiao said.

"Again, the situation of China's textile and clothing imports in March is still not optimistic."

Xu Xiaomiao said that in March textile and clothing imports were affected by the slowdown in domestic economic growth, insufficient domestic demand and high pressure on domestic textile stocks. Textile imports continued to grow hard and easy to fall.

In addition, Xu Xiaomiao predicted that the total volume of China's textile and clothing import and export trade in March is still hard to achieve positive growth.