According to customs statistics, from January to November 2016, Xinjiang ports exported 49.50 billion yuan of textiles and clothing, an increase of 50.1% compared with the same period last year (the same below). Among them, exports of textile yarns, fabrics and products were 13.67 billion yuan, a year-on-year increase of 25.5%, accounting for 27.6% of Xinjiang Port’s textile and clothing exports (hereinafter referred to as exports) during the same period; exports of clothing and clothing accessories were 35.83 billion yuan, a year-on-year increase of 62.3%. Accounting for 72.4% of exports.
1. Main features of Xinjiang port textile and clothing exports from January to November
(1) The export situation from January to November is generally improving. From January to November this year, textile and clothing exports from Xinjiang ports maintained positive growth year-on-year, with an obvious upward trend. Among them, September reached the highest export value during the year, and exports in November were 6.47 billion yuan, a year-on-year increase of 57.2%; a month-on-month increase of 20.3%.
(2) Small-scale border trade accounts for more than 50%, and general trade has doubled. From January to November, Xinjiang ports exported 29.14 billion yuan of textiles and clothing in the form of small-scale border trade, a year-on-year increase of 30.1%, accounting for 58.9% of the total export value. Textile and clothing exports in the form of general trade were 19.16 billion yuan, a year-on-year increase of 1.0 times, accounting for 38.7% of the total export value; textile and clothing exports in the form of tourism shopping were 1.10 billion yuan, a year-on-year increase of 8.2%, accounting for 2.2% of the total export value.
(3) Private enterprises are the main force in exports, and the exports of state-owned enterprises have increased significantly. From January to November, private enterprises in Xinjiang ports exported 45.90 billion yuan of textiles and clothing, a year-on-year increase of 48.4%, accounting for 92.7% of the total value. State-owned enterprises exported 3.15 billion yuan of textiles and clothing, a year-on-year increase of 80.6%, accounting for 6.4% of the total value.
(4) Kyrgyzstan and Kazakhstan remain the main export markets, and exports to Russia maintain a exponential growth trend. From January to November, Xinjiang Port’s textile and clothing exports to Kyrgyzstan were 22.68 billion yuan, an increase of 63.3%; textile and clothing exports to Kazakhstan were 12.55 billion yuan, an increase of 42.5%. The two together accounted for 71.2% of the total textile and clothing export value of Xinjiang Ports. In addition, Xinjiang Port’s textile and clothing exports to Russia were 8.66 billion yuan, a year-on-year increase of 1.5 times, accounting for 17.5% of the total value; textile and clothing exports to Tajikistan were 3.11 billion yuan, a year-on-year increase of 13.2%, accounting for 6.3% of the total value.
(5) Xinjiang’s total export value of textiles and clothing ranks first. From January to November, Xinjiang’s foreign trade enterprises exported 31.34 billion yuan of textiles and clothing, an increase of 27.0%, accounting for 63.3% of the total value; Zhejiang Province’s exports were 2.83 billion yuan, a year-on-year increase of 58.3%, accounting for 5.7% of the total value; Hubei Province’s exports were 2.34 billion yuan , a year-on-year increase of 12.8 times, accounting for 4.7% of the total value.
(6) Nanjiang Port is the main export port for textile and clothing products. From January to November, the export of textiles and clothing from Irkeshtan Port was 15.00 billion yuan, a year-on-year increase of 94.3%; the export of textiles and clothing from Turgat Port was 10.97 billion yuan, a year-on-year increase of 24.6%; the four ports in southern Xinjiang (Irkeshtan Port) , Turgat Port, Khunjerab Port, Karasu Port) and Kashgar Customs Supervision Site exported a total of 29.77 billion yuan of textiles and clothing, a year-on-year increase of 46.3%, accounting for 60.1% of the total value. The Horgos Port (Durata, Horgos, and Huo Center Port A) exported a total of 16.18 billion yuan in textiles and clothing, accounting for 32.7% of the total value. Alashankou Port exported 2.29 billion yuan of textiles and clothing, a year-on-year increase of 19.8%, accounting for 4.6% of the total value.
2. Reasons for the growth of textile and clothing exports at Xinjiang ports from January to November
(1) The base number for the same period last year was relatively low. From January to November last year, exports of textiles and clothing from Xinjiang ports dropped sharply year-on-year, resulting in a relatively low year-on-year base for export value from January to November this year, prompting Xinjiang’s overall textile and clothing exports to achieve positive growth.
(2) The recent decline in the RMB exchange rate is good for textile and apparel exports in the short term. Statistics show that from November 4 to November 21, the central parity rate of the RMB against the US dollar suffered 12 consecutive declines, with a cumulative depreciation of 1,494 basis points and a depreciation rate of 2.21%[1]. Although there was a brief rebound on November 22, the But it fell again. The textile and garment industry is highly dependent on exports. On the one hand, the depreciation of the RMB will help companies reduce costs and improve product competitiveness. Companies will receive more orders. On the other hand, it will help export-oriented companies obtain exchange gains. The depreciation of the RMB means that the purchasing power of foreign currencies has increased, which will further stimulate consumption and be beneficial to the export of textile products.
3. Issues worthy of attention in current textile and apparel exports
(1) The impact of the expected depreciation of the RMB on the export of labor-intensive products deserves attention. The depreciation of the RMB exchange rate in the short term will increase the direct income of export enterprises to a certain extent and help traditional labor-intensive enterprises with relatively thin profits to alleviate cost pressures. But at the same time, the later impact of RMB depreciation deserves attention: on the one hand, the expectation of depreciation caused export peers to lower their US dollar quotations and importers to demand price reductions. The bargaining pressure of export companies increased significantly, and transactions at lower prices may offset the room for profit improvement; on the other hand, The expected depreciation of the RMB has aggravated the wait-and-see attitude of customers in the international market towards long-term orders. Orders from traditional labor-intensive export enterprises are still mainly short-term, small and bulk orders.
(2) Cotton prices fluctuate rapidly, and the production and operation pressure of related enterprises increases. At the current stage when my country’s exports of traditional labor-intensive products are gradually stabilizing and enterprises are transforming, upgrading and developing, cotton is an important raw material for the production of textiles, clothing and other products. Large fluctuations in its price are not conducive to enterprises’ procurement and production arrangements and will bring high costs to enterprises. Production and operation pressures such as inventory or profit shrinkage may have a certain impact on the export of related products during the year.
Suggestions for this: First, pay attention to the importance of textile and clothing exporting countries��The current situation of changes in the supply pattern encourages companies to “go global” and further optimize the industrial supply chain. The second is to monitor and provide early warning for cotton market prices to reduce large fluctuations in cotton prices caused by excessive financial speculation. At the same time, appropriately accelerate the pace of selling and stockpiling to stabilize market cotton prices. The third is to combine the light industry development plan, strengthen industry guidance, support high-quality resources in the domestic textile and garment industry to form synergy, promote intelligent and green manufacturing, integrate the advantages of production groups, and increase the development of international markets, especially high-end markets. Textile and clothing exports at Xinjiang ports continued to have good momentum from January to November
