Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News The decline in textile and apparel exports in the first half of the year narrowed to .%

The decline in textile and apparel exports in the first half of the year narrowed to .%



Currently, the global economy is still in a period of deep adjustment after the financial crisis. It is only maintaining low-speed growth. The trends of major economies are divergent, and the growth momentum of…

Currently, the global economy is still in a period of deep adjustment after the financial crisis. It is only maintaining low-speed growth. The trends of major economies are divergent, and the growth momentum of international trade is insufficient. Among developed markets, only the United States has relatively good economic growth, while the economies of the Eurozone and Japan are relatively weak. Although emerging markets are growing faster than developed countries, their economic growth has also generally slowed down due to prominent structural contradictions and capital outflows. . Therefore, this has greatly affected my country’s textile and apparel export performance in the first half of the year.
According to statistics released by the General Administration of Customs, in terms of US dollars, textile and apparel exports in June were US$25.349 billion, a year-on-year decrease of 1.13%, and the decline continued to narrow. Among them, textile exports were US$9.468 billion, an increase of 2.31%, achieving positive growth for the first time since March; clothing exports were US$15.881 billion, a decrease of 3.08%. In RMB terms, the export volume of textiles and clothing in June was 155.077 billion yuan, a decrease of 1.86%. Among them, textile exports were 57.923 billion yuan, an increase of 1.56%, and clothing exports were 97.154 billion yuan, a decrease of 3.80%.
In US dollars, the cumulative export volume of textiles and apparel in the first half of this year was US$128.38 billion, a decrease of 3.10%. Among them, textile exports were US$52.912 billion, down 0.70%, and clothing exports were US$75.468 billion, down 4.70%. In RMB terms, the cumulative exports of textiles and clothing were 786.907 billion yuan, a decrease of 3.13%. Among them, textile exports were 324.379 billion yuan, down 0.70%; clothing exports were 462.528 billion yuan, down 4.80%.
Judging from the situation of textile and garment exports in the first half of this year, except for the sharp fluctuations in exports due to the Spring Festival in January and February, they have fallen for four consecutive months since March, but the decline is continuously narrowing. In June, the decline in textile and garment exports has narrowed to 1.13%.
Relevant experts said that although textile and clothing exports have continued to decline, the decline has been narrowing month by month since March. Especially in June, my country’s textile exports returned to positive growth for the first time in four months.
Judging from my country’s overall economic situation, the country is accelerating the reconstruction of bilateral and multilateral trade rules. Recently, China has reached free trade agreements with South Korea and Australia respectively. China will eventually eliminate tariffs on 91% of its products to South Korea, and 92% of South Korea’s products will eventually eliminate tariffs on China. Within 5 years, all my country’s exports to Australia will have tariffs eliminated. , and 97% of Australia’s exports to China will gradually achieve zero tariffs. Secondly, the “Belt and Road” strategy is also moving forward steadily. Countries and regions along the “Belt and Road” led by ASEAN are an important driving force for my country’s textile exports to turn from negative to positive in the first half of the year. Furthermore, entrepreneurs still have confidence in the future development of the industry. Therefore, it is initially predicted that my country’s textile and apparel exports will be better in the second half of the year than in the first half of the year. Textile and apparel exports will still have stamina, but the growth rate will show a medium-to-low trend.

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/11170

Author: clsrich

 
Back to top
Home
Phone
Application
Product
Search