According to the latest statistics of the General Administration of Customs, this year from 1 to August, China's total exports of textile clothing reached 1977,7 billion dollars, up 1.1% compared; in RMB, up 3.2% compared.
Specifically, textile exports amounted to $930,7 billion, an increase of 3.5 per cent compared to the same period; in RMB, an increase of 5.8 per cent compared. Textile exports continued to grow steadily, with a slight increase. This reflects the global market demand for Chinese textiles remains strong, especially in the field of high-tech functional and environmentally friendly textiles.
However, clothing exports performed relatively weak. From 1 August to August, clothing exports amounted to $1047,100 million, down by 1.0% compared to the same year; in yuan, up by 1% compared. Clothing exports fell slightly, but the drop was narrow. This may be related to factors such as slowing global consumer market demand and trade friction, and also reflects the increased competitive pressure faced by domestic clothing companies in the international market.
In August, China's textile clothing exports totaled $279,5 billion, up 1.0% compared to the same month; in RMB, up 0.6% compared to the same month. Among them, textile exports rose $122.2 billion, up 5.0% compared to the same month; in RMB, up 4.7% compared to the same month, up 1 percentage point compared to the previous month. This shows that there are signs of acceleration in textile exports in the second half.
By comparison, clothing exports in August were $157,3 billion, down by 2.0% compared to the same year; in RMB, down by 2.3% compared to the same year, but the decline is narrow compared to the previous month.
According to industry experts, textile exports have continued to grow thanks to domestic enterprises’ efforts to innovate and improve product quality, as well as to actively explore emerging markets.In addition, the continued global demand for anti-pest materials has also supported textile exports.
For the reasons for the decline in clothing exports, experts believe that is mainly affected by the slow global economic recovery and the lack of consumer confidence.At the same time, the international market competition has intensified, and the low-cost advantage of countries such as Southeast Asia has made a certain impact on Chinese clothing exports.
Faced with the challenge of slowing export growth, the industry suggests that domestic textile clothing enterprises should accelerate the transformation and upgrading, enhance product added value and brand influence. Strengthen research and development investment in new materials and new processes to meet the global consumer demand for high quality, personalized products. At the same time, actively respond to the changes in the international trade environment, explore the diversified market layout, reduce the dependence on the single market.
In addition, enterprises should also pay attention to the impact of exchange rate fluctuations.The data show that the increase in exports in RMB is slightly higher than in USD, which reflects the impact of changes in RMB exchanges on exports.Strengthening exchange rate risk management, rational use of financial instruments to avoid risks, has become a matter that enterprises must pay attention.
In general, although the current textile garment exports face some pressure, China as the world's largest textile garment producer and exporter, the industrial base is strong and has strong resistance to risk.By adjusting the industrial structure, enhancing the innovation capacity and optimizing the market layout, the industry is expected to stable development in a complex international environment.