The China Chamber of Commerce for Import and Export of Textiles disclosed on the 13th that despite facing unfavorable factors such as soaring sea freight, production and electricity restrictions, and rising raw material prices, China’s textile and apparel exports still maintain good growth momentum.
China’s textile and apparel exports in US dollars: Textile and apparel exports ended four consecutive months of decline and resumed growth in September Exports in that month increased by 2.66% year-on-year and 18.81% compared with the same period in 2019. Among them, textile exports increased by 27.08% compared with the same period in 2019, and clothing exports increased by 13.34% compared with the same period in 2019.
From January to September 2021, China’s textile and apparel exports totaled US$227.594 billion, a year-on-year increase of 5.61%, and a year-on-year increase of 5.61%. An increase of 12.7%, of which textile exports increased by 17.97% compared with 2019, and clothing exports increased by 8.53% compared with 2019.
In addition, China’s textile and clothing exports are calculated in RMB: from January to September 2021, the cumulative exports of textiles and clothing were 1.47389 billion yuan. The RMB decreased by 2.63% compared with the same period last year and increased by 6.65% compared with the same period in 2019. Among them, textile exports increased by 11.81% compared with the same period in 2019, and clothing exports increased by 2.58% compared with the same period in 2019.
Industry expert analysis pointed out that the current epidemic is still spreading globally, the world economic recovery is unstable and uneven, and China’s textile exports are facing The external environment is complex, and China’s textile and apparel exports will still face challenges in 2021.
According to a report on the Hong Kong Asia Times website on October 14, China’s exports in September increased by more than 28% year-on-year. What’s more, China’s exports to the United States have grown significantly. On a seasonally adjusted annual basis, the United States purchased $635 billion in Chinese goods, equivalent to 27% of U.S. manufacturing gross domestic product.
Reportedly, economists put the United States in terms of imports This dependence on China is linked to Third World countries’ dependence on their former colonial masters. In the past 12 months, U.S. exports to China were only 30% of China’s exports to the United States.
The report pointed out that after the disruption caused by the epidemic subsided, global demand for Chinese goods led to tight production capacity in China, resulting in power shortages. shortage.
The report also stated that China has emerged from the COVID-19 epidemic faster than any other major industrial country. There is also less disruption to its production capacity. This is part of the reason for the growth in Chinese exports to the United States, even though about half of all Chinese goods sold to the United States are subject to a 20% tariff.
The report also pointed out that the poor state of the U.S. supply chain is another reason for the growth of China’s exports to the United States.
In addition, it is worth noting that due to the concentrated production capacity of upstream raw material manufacturers, they are relatively at an advantage and face long-term power cuts. A shutdown will inevitably lead to price increases. As for the manufacturing companies in the middle and lower reaches, due to their large number and dispersed state, they can only passively accept the increase in raw material prices and are forced to transfer production costs to the consumer side. No wonder many people in the industry are shouting: Prices are going to skyrocket, so be mentally prepared in advance.
As we all know, the “Golden Nine and Silver Ten” has always been the peak season for the textile industry. A person in charge of an enterprise said bluntly: “The current situation of power rationing is not yet clear, and raw materials have risen sharply. For small and medium-sized enterprises like us, if we choose to make big moves at this time, the cost will undoubtedly be higher, and the chance of success will be lower.” Low.” According to him, since the country has paid attention to the issue of “power rationing”, he believes that the prices of raw materials will gradually return to normal. “We will wait and see what happens in a few months.”
However, the editor would like to remind the majority of textile bosses: time waits for no one. The more at this time, the more important it is to Hurry and stock up! With the goods in hand and no panic in mind, who knows when the next round of rising prices will come?
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