According to data recently released by the General Administration of Customs, driven by increased international market demand and holiday promotions, textile and clothing exports continued to grow in December 2021. Achieve a successful conclusion. In 2021, my country’s textile and apparel exports exceeded US$310 billion, setting a record high.
The data is encouraging, but we must note that entering 2022, textile and apparel foreign trade will face increasing uncertainties and unstable factors. On the one hand, the Omicron mutated virus has cast a shadow on global trade. On the other hand, as the COVID-19 epidemic evolves, the layout of international purchase orders may be readjusted, and the situation of export orders returning to my country may change.
The survival conditions of small, medium and micro textile and garment foreign trade enterprises also face some problems, such as lack of cores, lack of cabinets, lack of workers, freight, raw material costs, energy resource prices, exchange rate changes, etc. The profit margins of many textile and garment foreign trade companies have been compressed, and they generally face the practical dilemma of “increasing revenue without increasing profits”. Coupled with factors such as reduced downstream consumption and reduced orders, the confidence of textile and apparel foreign trade companies in further expanding exports has been affected.
However, it should also be noted that there are still many factors that support the stability of exports.
From the perspective of policy environment, recently, the State Council executive meeting has deployed a number of policies to stabilize foreign trade, the Ministry of Commerce and other departments have proposed a package of response measures, the National Development and Reform Commission has proposed four measures, and a series of policies such as the official implementation of RCEP have provided a solid foundation for Import and export companies solve problems to safeguard foreign trade in 2022.
From the perspective of the textile and apparel industry itself, my country, as a major textile exporter, has a complete industrial chain and has strong advantages in international cooperation and integrated development. In 2021, textile and clothing exports achieved “exceeding expectations” growth throughout the year, and achieved positive year-on-year growth for four consecutive months from September to December. In particular, the growth of exports of major categories of commodities is driven by both export volume and export prices, with export prices rising particularly prominently. These are all manifestations of the advantages of my country’s textile and apparel industry chain.
From the perspective of market demand, affected by virus mutations and the re-escalation of epidemic prevention and control, exports of anti-epidemic materials have rebounded, and key markets have become more dependent on Chinese products. Data for October 2021 show that my country’s share in the EU market still maintains an upward trend. Although its share in the United States and Japan has dropped slightly from September, it is still within the year. high position. At the same time, the structure of textile and apparel foreign trade has become more diversified.
On this basis, textile and garment foreign trade enterprises in 2022 must implement the spirit of the Central Economic Work Conference, take stability as the top priority, and strive for progress while maintaining stability.
First of all, we must seize the opportunity of stabilizing foreign trade policies and the implementation of RCEP, integrate high-quality international resources, and create new advantages in international competition and cooperation. Take the initiative to standardize high-standard international economic and trade rules, deepen production capacity cooperation; consolidate traditional advantages, explore emerging markets, and create a diversified export market structure; strengthen the professionalism and influence of international exhibitions, standardize the development of cross-border e-commerce, and cultivate new foreign trade growth point.
Secondly, it is necessary to correctly handle the relationship between domestic development and international transfer, strengthen the analysis and judgment of the international situation, and improve the ability to identify and warn environmental risks. Textile and clothing export enterprises must standardize cooperation processes and prevent trade risks.
In addition, in the process of continuously improving product quality, we should accelerate the development of independent brands, promote the renewal and reconstruction of traditional brands, help the derivation and rise of new brands, and expand profit margins in the international market.
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