Despite the weak recovery of the international market and the increasing downward pressure on the domestic economy, as a major textile foreign trade area, Keqiao District still delivered a good report card for foreign trade exports in the first half of the year: from January to June, the district’s foreign trade exports Achieved exports of US$5.01 billion, ranking second in the city.
The reporter learned from relevant departments that in the first half of the year, Keqiao District’s export growth rate was lower than the provincial and national averages, but compared with the city, it was 2.9 percentage points higher, ranking second in the city. Industry insiders believe that under the new normal of slowing down and shifting gears in traditional textile exports, Keqiao’s foreign trade export report card has been quite difficult.
The export volume of Keqiao Foreign Trade, which was developed based on China Textile City, has always been related to the market conditions of China Textile City. In the Internet era, traditional textile export methods are gradually changing. Since the beginning of this year, China Textile City has vigorously promoted the “three entrepreneurship” with the help of Internet platforms. More and more foreign trade companies in Keqiao are using international e-commerce platforms such as Alibaba International, Ebay, and Amazon to conduct cross-border e-commerce trade, effectively Develop international markets. In the first half of the year, China Textile City’s foreign trade enterprises created exports of US$1.77 billion, accounting for more than 30% of the region’s exports and maintaining positive growth.
Affected by unfavorable factors such as the weak European and American markets and the sharp depreciation of the Russian ruble, Keqiao District’s foreign trade enterprises closely followed the direction of national policy support and actively explored the markets of countries along the “Belt and Road”, achieving exports of US$2.78 billion, accounting for 55% of the district’s exports. %, the proportion increased by 2 percentage points. Yedesha Textile Trading Co., Ltd. located in Keyan Street has also opened a large-scale fabric wholesale store in Dushanbe, the capital of Tajikistan, radiating to surrounding countries and even the European market. This year, the Dushanbe store alone will distribute US$300,000 worth of fabric every month.
Keqiao’s foreign trade exports have weakened this year. In addition to being affected by factors such as the macro environment, industry insiders believe that in the face of the new normal at home and abroad, the export industry, which is mainly medium and low-end, has been affected by factors such as gradient transfer and setbacks in the price of chemical fiber fabrics. This has caused a slowdown in traditional textile exports. Therefore, in the face of the new normal, textile export companies should actively adjust their product structure and international markets to better cater to international market demands and open up new markets.
Keqiao District’s foreign trade exports exceeded US$100 million in the first half
Despite the weak recovery of the international market and the increasing downward pressure on the domestic economy, as a major textile foreign trade area, Keqiao District still delivered a good report card for …
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