Since the beginning of this year, my country’s textile and apparel exports have continued to grow steadily based on last year’s high base. Data from the General Administration of Customs show that in July this year, textile and apparel exports to the world were US$33.22 billion, a year-on-year increase of 17.6%.
Due to the combined effects of blocked circulation and rising costs during the epidemic, my country’s textile and apparel export growth slowed down in the first quarter of this year.
Since the Political Bureau meeting of the CPC Central Committee held at the end of April proposed “stabilizing the basics of foreign trade and foreign investment,” the central government, local departments, and market entities have worked together to coordinate epidemic prevention and production, and work together to stabilize the industrial and supply chains. , actively respond to improve competitiveness, and the textile and apparel industry strives to break through in response to the challenges of the epidemic.
Double-digit growth in textile and apparel exports
Produced by Yilifeng Industrial Co., Ltd. in Shangrao, Jiangxi, an inland city in China In the workshop, the reporter saw more than 100 workers busy. Pieces of fabric slipped under the high-speed beating knitting needles and finally turned into windproof jackets.
After these clothes were shipped from Shanghai Port or Xiamen Port, they became best-sellers in the Japanese market. Huang Manxin, the company’s customs affairs manager, said that from January to May this year, the company’s shipments to Japan bucked the trend and increased by 30% year-on-year.
Yilifeng’s excellent performance is the epitome of my country’s textile and apparel industry overcoming difficulties and growing against the trend. From January to July this year, the country’s textile and apparel exports totaled US$189.35 billion, a year-on-year increase of 12.4%.
Li Kuiwen, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, believes that the main factors currently supporting the growth of my country’s foreign trade are as follows:
1. The international market demand is relatively stable. Although the COVID-19 epidemic and external environmental risks have increased, market demand has not declined significantly.
Second, domestic production has strong resilience and sufficient potential. Driven by active growth-stabilizing policies, sufficient supply is ensured and strong support is provided for export growth.
Third, some regions quickly resumed work and production under the impact of the epidemic, effectively stabilizing the basic foreign trade market. Fourth, the vitality of market entities is effectively stimulated. With the implementation of the national policy package to stabilize the economy and taking effect, various tasks such as ensuring the stability and improving the quality of foreign trade have been accelerated, and the vitality of the main entities in my country’s foreign trade market has been effectively stimulated.
Brokerage research reports stated that the prices of raw materials such as cotton and chemical fiber materials have fluctuated downwards, coupled with the depreciation of the RMB, opening up room for profit optimization of textile manufacturing companies, and they continue to be optimistic about the profitability performance of textile manufacturing companies in the second half of the year. The prosperity of sportswear is still relatively high, and its performance is expected to continue to lead the overall industry.
Show resilience to break through overseas demand blockages
The Party Central Committee and the State Council attach great importance to foreign trade and foreign investment work, and have issued a policy since this year A series of policies and measures to stabilize foreign trade and foreign investment clearly require vigorous efforts to help foreign trade and foreign-invested enterprises maintain normal production and operations, promote the resolution of supply chain and other difficult issues, and achieve positive results.
Textile and garment enterprises responded to market uncertainty with resilience. While making good use of the government’s bailout policies, they actively helped themselves, took the initiative, found funds, strengthened technology, and expanded the market, showing strong vitality and survivability under the epidemic.
The person in charge of a textile and garment enterprise in Jiangsu said that the current foreign trade environment is still complex, and enterprises are encountering unprecedented difficulties.
On the one hand, inflation continues in Europe and the United States, market confidence is insufficient, and there may be concerns about cutting orders due to reduced demand.
On the other hand, shipping prices are still at a high level, and the profit margin of textile and clothing products is not high. The value of a container of goods is almost equal to the shipping price. Product price competitiveness is unsustainable, which has a negative impact on customer orders. Influence.
Facing the lack of confidence in the European and American markets, face-to-face communication between foreign trade companies is particularly important. In early May, due to the inconvenience for foreign businessmen to come to China, the person in charge of a company in Zhejiang overcame the difficulty of “getting a ticket” and went to the United States to understand customer needs face-to-face.
He said: “After communicating with customers, we obtained a lot of first-hand information that cannot be obtained remotely. The epidemic has caused a certain degree of disconnect between products and the market. Only by fully understanding market demand can we survive in adversity.”
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Textile and apparel bucked the trend and rose
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