China'S Textile And Garment Export Reduction Will Become The Norm.

Due to the poor international economic environment and the downward pressure on China's domestic economy and the high labor cost, China's foreign trade situation is relatively poor.

Textile and clothing exports also face greater pressure.

In 2016 1-6, China exported textile products.

125 billion 30 million US dollars, a year-on-year decrease of 2.63%, of which exports

The amount of US $52 billion 443 million decreased by 0.91% compared with the same period last year, and export clothing was 72 billion 588 million US dollars, down 3.83% from the same period last year.

According to the latest data from the General Administration of customs, China exported about 24 billion 14 million US dollars in textile and apparel products in June, a decrease of 5.27% over the same period last year, of which exports of textiles, yarns, fabrics and articles were US $9 billion 118 million, a decrease of 3.70% compared to the same period last year. The export garments and accessories were US $14 billion 896 million, a decrease of 6.21% over the same period last year.

With regard to the import of cotton yarn, cotton prices rose sharply as cotton prices rose sharply in India. The cotton yarn quotations from India, Pakistan and Vietnam also rose and turnover was very low. Vietnamese cotton yarn, which had relatively low price, was shipped to the end of August.

With the large number of industries in China and the relatively complete industrial chain, it is difficult for individual countries to replace China's position in the textile and apparel industry in the short term.

However, as China's demographic dividend has disappeared, the textile and garment industry, which is highly concentrated in labor force, has been greatly affected.

With the rapid development of textile and garment industry in other Southeast Asian countries, China's orders will gradually shift to these countries, and the reduction of textile and garment exports will become the norm in the future.

As domestic cotton prices rose sharply, the price of domestic cotton yarn began to raise the price after the cotton rose. The price rose from the previous exploratory increase to the present sharp rise. Especially from late June to now, the price of cotton yarn has increased to 3000 yuan / ton.

According to the statistics of the General Administration of customs, the import of cotton yarn in China was about 159 thousand and 300 tons in June, a decrease of 17.67% compared with the same period last year, and a decrease of 6.8% in the ring ratio.

In 1-6 months, 962 thousand and 900 tons of imported cotton yarn were imported, representing a decrease of 18.68% over the same period last year.