-China’s apparel exports decreased by .%



Affected by factors such as sluggish external demand and the high real effective exchange rate of the RMB, my country’s clothing exports still recorded negative growth in June. According to data released …

Affected by factors such as sluggish external demand and the high real effective exchange rate of the RMB, my country’s clothing exports still recorded negative growth in June. According to data released by the General Administration of Customs, clothing exports in June were US$15.88 billion, a decrease of 3.1%. Compared with previous months, the decline continued to narrow. From January to June, the total amount was US$75.48 billion, down 4.7%. Clothing exports in the second quarter of this year were US$75.13 billion, a decrease of 7.4%.

1. Emerging markets in the Middle East, Latin America and Africa are growing rapidly

From January to June, as the U.S. economy continued to recover, exports to the United States were US$15.25 billion, an increase of 7.1%. Exports to emerging markets such as the Middle East, Latin America, and Africa have maintained good growth, and the market potential is huge in the future. Exports to the Middle East were US$6.61 billion, an increase of 9.8%; exports to Latin America were US$4.52 billion, an increase of 13.2%; exports to Africa were US$4.34 billion, an increase of 31.6%.

Due to the depreciation of the euro and the weakening market, importers have reduced purchases and exports to the EU have continued to decline. From January to June, exports to the EU were US$17.84 billion, a decrease of 9.3%. Exports to ASEAN have continued to decline since April this year. From January to June, exports to ASEAN were US$5.58 billion, a decrease of 8.4%. Due to the shift in Japan’s procurement strategy, exports to Japan continued to decline sharply, with exports to Japan reaching US$7.71 billion, down 12.8%. The decline in exports to Russia narrowed, with exports amounting to US$2.23 billion, down 37.7%.

2. Only woven garment exports did not decline

From January to June, woven garment exports were US$33.63 billion, a slight increase of 0.3%, and the export volume increased by 7.5%. Knitted apparel exports were US$31.27 billion, down 10.9%, and export volume fell by 12.3%. The export of fur leather clothing was US$700 million, a decrease of 12.8%, and the export volume decreased by 27.1%. In terms of commodity materials, cotton garment exports were US$2.73 billion, down 9.8%, and chemical fiber garment exports were US$28.89 billion, down 1.3%.

3. The share of general trade declined slightly

From January to June, general trade export volume was US$56 billion, down 5.9% year-on-year, accounting for 74.2% of total exports, 1 percentage point lower than last year. Processing trade has continued its downward trend for many years, with total exports from January to June reaching US$9.47 billion, down 11.4% year-on-year, accounting for 12.6% of total exports, 1 percentage point less than last year.

4. The number of export enterprises of all types has decreased

From January to June, the export volume was US$49.23 billion, a year-on-year decrease of 2.5%, accounting for 65.2%, an increase of 1.4 percentage points from last year, and the number of export enterprises decreased by 0.9% year-on-year. The export volume of foreign-funded enterprises and state-owned and holding enterprises decreased, by 9.7% and 6.7% respectively, accounting for 22.1% and 12.5%. The number of export enterprises also decreased by 9.8% and 7.7% respectively.

5. Among the top five export provinces and cities, only Guangdong maintains growth

From January to June, among the top five provinces and cities in apparel exports, Guangdong’s export volume continued to grow and ranked first, with an export volume of US$17.1 billion, an increase of 19.6%. The exports of Zhejiang, Jiangsu, Fujian, and Shanghai all declined, with the decline ranging from 3% to 9%, with export values ​​of US$138.7, US$10.29, US$7.15, and US$5.71 billion respectively. In addition, the export volume of Chongqing and Qinghai grew rapidly, with increases of 102% and 259.9% respectively. The export volume of Heilongjiang and Ningxia fell rapidly, with the decline rate exceeding 50%. China’s apparel exports from January to June 2015 were US$75.48 billion, a decrease of 4.7%

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Author: clsrich

 
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