Summary Of The National Textile And Apparel Trade: A Sharp Decline In Exports

In February this year, China's textile and clothing trade volume was 17 billion 50 million US dollars, down 26.2% compared to the same period last year.

Among them, exports amounted to 15 billion 660 million US dollars, down 27.8%, and imports of US $1 billion 390 million decreased by 2.9%.

In the same month, the trade surplus of US $14 billion 270 million decreased by 29.5%.

From January to February, the total trade volume of China's textile and clothing import and export volume was 42 billion 980 million US dollars, down 15.4% compared to the same period last year.

Among them, exports of US $39 billion 790 million, a decrease of 15.7%, imports of US $3 billion 200 million, a decrease of 11.2%, a cumulative trade surplus of US $36 billion 590 million, a decrease of 16.1%.

In February last year, exports of textile and clothing increased significantly, nearly doubled.

In February 2016, it was affected by the year-on-year high base, and there was no obvious improvement in the export environment. The export dropped by 27.8%, and the total export decline in the first two months was further expanded to 15.7%.

Imports slowed down only 3% in the same month.

On the whole, the textile and clothing trade situation in the first two months is not optimistic. The number of imports and exports has dropped two figures, and exports have fallen more rapidly.

In February, the main

Exports declined, of which general trade fell by 27.2%, a decline of more than that of processing trade (26.6%), and the decline in border trade was the fastest, with a drop of 54.3%, and 21.4% of the other trade modes dominated by market purchases also fell.

From January to February, the cumulative export volume of general trade decreased by 13.7%, processing trade and border trade decreased by 22.4% and 39.3% respectively, and the other trade patterns decreased by 5%.

In February, my textile and garment exports to the EU dropped by 24.9%, of which 22.2% declined in textiles and 25.9% in clothing.

From January to February, the total exports to the European Union totaled 7 billion 660 million US dollars, a decrease of 17.8%, of which textiles and clothing decreased by 11.5% and 20% respectively, and the export of needle woven garments decreased by 16.8%, and the average unit price of exports dropped by 4.4%.

The Japanese market continued to decline, exports to Japan in February, 1 billion 470 million US dollars, down 19.3%.

From January to February, exports totaled 3 billion 110 million US dollars, down 14.7%.

and

The total export volume of needle woven garments decreased by 12.9% and 15.1% respectively, and the average unit price of exports dropped by 6%.

In February this year, China's exports to the United States decreased, but the export volume of key commodities did not decline significantly, and the unit price continued to grow. The US market showed relatively stable performance.

In February, exports to the United States dropped by 17.1%, of which the decline rate of textiles was faster than that of clothing, and the two decreased by 24.7% and 14.2% respectively.

From January to February, exports to the United States totaled 6 billion 780 million US dollars, down 8.6%, of which 14.7% of textiles and 6.2% of clothing.

The export volume of key commodity needles and woven garments decreased by 6.3%, and the average unit price of exports increased by 2.3%.

The ASEAN market has been underperforming since the beginning of the year, and exports to ASEAN continued to decline in February, and the decline increased to 38.9%, the fastest decline in key markets.

In recent years, the rapid growth of clothing has become the main reason for the decline, down 37%, and the export volume of needle woven garments decreased by 39% and 36.5% respectively.

Textiles fell by only 3.8%, of which the fabric dropped by 16.1%, and the yarn decreased by 3.1%. Only the finished product maintained a rapid growth of 36.7%.

From January to February, the cumulative export to ASEAN was 4 billion 660 million US dollars, down by 21.5%, of which textiles and clothing dropped by 6.4% and 43% respectively.

Vietnam, Indonesia and Malaysia were first, third and fourth in the ASEAN market. From January to February, all of the 3 countries' exports declined sharply, with a drop of more than 20%.

Only second of Philippines's exports achieved 35.6% rapid growth.

Philippines has gradually replaced Vietnam as a new growth point within ASEAN.