Textile exports resume rapid growth

Since the beginning of this year, my country’s textile exports have maintained rapid growth. Industry insiders said that the economies of developed countries are gradually recovering and demand is picking up, driving the growth of my country’s textile exports. In addition, this year, our country has stepped up its efforts to adopt trade facilitation measures, effectively improving the efficiency of customs clearance of textile goods.
Data provided by the China Chamber of Commerce for Import and Export of Textiles shows that from January to October this year, the cumulative exports of textiles and clothing were US$248.42 billion, an increase that expanded to 6.3%. Among them, textile exports were US$92.85 billion, an increase of 5.8%; clothing exports were US$155.57 billion, an increase of 6.7%.
​Exports to the EU and the United States have increased
Since the beginning of this year, my country’s textile exports to the EU and the United States have recovered rapidly, while the growth rate of exports to the ASEAN region has fallen rapidly. Customs data shows that in the first three quarters of this year, my country’s exports to the EU were US$46.006 billion, a year-on-year increase of 16.37%, and the growth rate increased significantly by 10.31 percentage points compared with the same period last year; China’s exports to the United States were US$35.278 billion, a year-on-year increase of 7.01%. The growth rate increased by 0.89 percentage points compared with the same period last year; the export volume to ASEAN was US$26.037 billion, a year-on-year increase of only 3.91%, and the growth rate dropped significantly by 38.83 percentage points compared with the same period last year.
Exports to Japan continue to decline. In the first 10 months of this year, my country’s exports of home textile products to Japan were US$2.55 billion, a decrease of 4.7%, accounting for 10.8% of total exports. Yang Zhaohua, president of the China Home Textile Association, said: “Part of the towel orders in the Japanese market this year have begun to shift, and some Japanese companies are shifting their factories to Southeast Asia and India.” In addition, among other major countries and regions, home textile products are exported to India and Thailand Growth was rapid, with exports reaching US$450 million and US$410 million, an increase of 40.8% and 58.5% respectively.
Yang Zhaohua said that since the beginning of this year, the pace of economic recovery in developed countries has begun to accelerate and the economy has gradually picked up. Although the economic growth of the United States has not reached the expected target due to the impact of the cold winter, the European economy has accelerated its recovery and demand has rebounded, driving my country’s textile exports to grow.
In addition, the relevant person in charge of the China Chamber of Commerce for Import and Export of Textiles stated that in the first 10 months of this year, Zhejiang, Jiangsu, Shandong and Shanghai ranked among the top four home textile export provinces and cities in the country, and their exports all maintained steady growth, with increases of 5.7% and 9.9% respectively. %, 4% and 4.2%; Guangdong ranked fifth, with exports maintaining rapid growth, with an increase of 19%. In addition, Xinjiang’s border trade exports dropped significantly, by 7.3%; exports from provinces and cities such as Tianjin, Jiangxi and Chongqing grew rapidly, with increases of more than 20%.
​Investment growth has declined
Statistical data shows that in the first three quarters of this year, the completed fixed asset investment in projects of more than 5 million yuan in my country’s textile industry was 745.831 billion yuan, a year-on-year increase of 12.93%, and the growth rate was 3.13 percentage points lower than the first half of the year.
From an industry perspective, due to factors such as insufficient market demand, investment in my country’s silk industry and chemical fiber filament manufacturing industry has declined rapidly. In the first three quarters of this year, the actual completed investment amounts were 10.128 billion yuan and 34.049 billion yuan, respectively, a year-on-year decrease of 13.13% and 8.01%; the decline in newly started projects in the two industries was deeper, a year-on-year decrease of 21.53% and 28.27% respectively.
Looking at different regions, the investment growth rate in Northeast China has declined seriously. It is understood that in the first three quarters of this year, the actual investment amount in the three northeastern provinces of my country was 31.54 billion yuan, a year-on-year decrease of 11.65%; 348 new projects were started, a year-on-year decrease of 20.55%. The investment growth rate in the western region is relatively fast. The actual investment amount in the 12 western provinces and regions was 71.1 billion yuan, a year-on-year increase of 21.5%, and the growth rate was 8.57 percentage points higher than the average growth rate of the entire industry.
​Speed ​​up customs clearance of goods
Since the beginning of this year, as my country has further intensified its efforts to adopt trade facilitation measures such as convenient customs clearance, a series of favorable policies have not only successfully reduced the burden on enterprises, but also helped enhance their export confidence. “This year, the country has vigorously implemented policies and measures to facilitate customs clearance, and our company has truly felt the benefits and convenience. The speed and conditions for customs clearance of goods are faster and more complete than in the past, and the relevant procedures are easier to handle. The Dalian Municipal Government and relevant agencies have also given Our company has received great support and support.” said Yu Yong, general manager of Dalian Dongli Craft Textiles Co., Ltd.
Shen Jianchun, general manager of Zhejiang Maya Cloth Industry Co., Ltd., said in an interview with the media: “Since this year, our company has more clearly felt the benefits brought by trade facilitation. Not only has customs clearance procedures been significantly simplified, but also in import and export inspection and quarantine, etc. It also saves costs. These have greatly enhanced the confidence of our company.” “The main export market for our company’s products is the United States. The company’s export volume this year can be said to be very gratifying.” Long, Tongxiang City, Zhejiang Province Wang Ziyuan, general manager of Xin Printing and Dyeing Co., Ltd., said that as an enterprise, we must continue to work hard to improve product development capabilities and maintain product leadership in the future. “Our company already has an independent design team and sales company in the United States, and is committed to regular innovation and continuous improvement of its own capabilities. I believe that if we want to survive and grow in the industry, we must continue to improve ourselves.”