According to Shanghai Customs statistics, in the first 10 months of this year, the Shanghai Customs area exported 521.48 billion yuan of textiles and clothing, an increase of 3.6% over the same period last year (the same below), and the growth rate dropped by 0.9 percentage points.
1. Main features of textile and garment exports in Shanghai Customs area in the first 10 months of this year
(1) The export value in October turned from a year-on-year decrease to an increase, but continued to decline month-on-month. Following the single-month export value of textile and clothing in the Shanghai Customs District from increase to decrease in September this year, growth resumed again in October. Exports in October were 53.2 billion yuan, a year-on-year increase of 7.5% from a 1.2% decrease in the previous month. However, the month-on-month decline continued with a 5.9% decline.
(2) Exports through general trade accounted for nearly 90%, while exports through processing trade declined. In the first 10 months of this year, the Shanghai Customs District exported 455.68 billion yuan of textiles and clothing through general trade, an increase of 4.1%, accounting for 87.4% of the total textile and clothing export value of the Customs District during the same period. During the same period, exports in the form of processing trade were 59.22 billion yuan, a decrease of 3.6%, accounting for 11.4% of the total textile and clothing export value of the customs area during the same period.
(3) Exports to Europe and the United States exceeded 100 billion, and exports to Japan dropped significantly. In the first 10 months of this year, Shanghai Customs exported 121.95 billion yuan of textiles and clothing to the EU, a significant increase of 11.7%, making it the largest export market for textiles and clothing in the customs area; exported 118.82 billion yuan to the United States, an increase of 5.5%; and exported 69.24 billion yuan to Japan. , down 13.2%. The total exports to the above three major developed economies accounted for 59.4% of the total textile and apparel export value of the customs area during the same period. In addition, exports to ASEAN were 48.24 billion yuan, an increase of 11.5%.
(4) The proportion of exports by private enterprises has increased, while the exports of foreign-invested enterprises and state-owned enterprises have declined. In the first 10 months of this year, private enterprises exported 292.87 billion yuan of textiles and clothing through the Shanghai Customs area, an increase of 8.1%, and their proportion of the total textile and clothing export value of the customs area increased from 53.8% in the same period last year to 56.1%. During the same period, foreign-invested enterprises and state-owned enterprises exported 138.81 billion yuan and 89.81 billion yuan respectively, down 2% and 1.3% respectively.
(5) The export growth rate of clothing and clothing accessories, which account for more than 50%, has slowed down, and the export proportion of textile yarns, fabrics and their products has increased. In the first 10 months of this year, Shanghai Customs exported 306 billion yuan in clothing and clothing accessories, with the growth rate falling from 3.9% in the same period last year to 1.7%, accounting for 58.7% of the total textile and clothing export value in the customs area during the same period; textile yarns, fabrics and Its product exports reached 215.48 billion yuan, an increase of 6.4%, accounting for 41.3% of the total textile and apparel export value of the customs area from 40.2% in the same period last year.
2. The main reasons for the decline in the growth rate of textile and garment exports in the Shanghai Customs District in the first 10 months of this year
(1) The growth of my country’s textile industry has slowed down, lowering the growth rate of textile and apparel exports. In recent years, with the changes in the external situation, my country’s textile industry has gradually increased its efforts to improve the industrial structure and development quality. It has now entered a new historical stage of in-depth structural adjustment and accelerated transformation and upgrading. The industry’s growth rate has also shifted from high-speed growth to medium-speed growth. increase. In the first eight months of this year, the industrial added value of textile enterprises above designated size increased by 7.4% year-on-year at constant prices, down 3.4 percentage points and 0.9 percentage points from 2012 and 2013 respectively. The adjustment of the domestic industry has slowed down the export growth rate of textile and apparel products.
(2) International market demand has shrunk, and orders from domestic companies have decreased. Affected by the current sluggish international economic situation, developed countries such as Europe and the United States, China’s main export markets for textile and apparel, are still recovering slowly. At the same time, stimulated by the Fed’s exit policy, capital outflows have been severe, currencies have depreciated sharply, emerging market economies remain weak, and the growth rate of China’s textile and apparel exports to them has slowed down significantly [2]. Take the Canton Fair, which is the benchmark for China’s foreign trade, as an example. As of November 1, the 116th Canton Fair’s textile and apparel sales totaled US$850 million, a decrease of 2.4% from the 115th Canton Fair. Among them, the United States is still the world’s largest purchasing country of textiles and clothing, with a turnover of US$120 million, a year-on-year decrease of 9.4%.
-Analysis of Shanghai Textile and Garment Export Situation
According to Shanghai Customs statistics, in the first 10 months of this year, the Shanghai Customs area exported 521.48 billion yuan of textiles and clothing, an increase of 3.6% over the same period last year…
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