The export of textile and apparel declined by small margin in January-July
Source: CTEI Date: 2012-09-27
According to customs statistics, on August 10th, in January-July 2012 ,China `s foreign trade imports and exports valued at USD 2,168.37 billion. Compared with the same period in 2011 increased 7.1%. Among them, exports worth USD 1,131.24 billion, an increase of 7.8% y/y; imports worth USD 1,037.13 billion up 6.4% y/y. USD 94.11 billion trade surplus. The export of textile and apparel declined by small margin in January-July.
In July 2012 , China `s foreign trade imports and exports valued at USD 328.73 billion. Compared with the same period in 2011 increased 2.7%. Among them, exports worth USD 176.94 billion, an increase of 1.0% y/y; imports worth USD 151.79 billion , an increase of 4.7% y/y;USD 25.15 billion trade surplus, down 16.8%.
The export of textile and apparel declined by small margin in January-July. The export of apparel amounted to USD 82.93 billion, decreased by 0.2% y/y ;the export of textile amounted to USD 54.47 billion, decreased by 0.2% y/y.
In July 2012 , The export of textile and apparel amounted to USD 23.889 billion, decreased by 8.1% y/y and increased 4.37% m/m. Among them, the export of textile ( including yarn, fabrics and products ) amounted to USD8.002 billion, decreased by 8.06% y/y ; the export of apparel ( including clothing and clothing accessories ) amounted to USD 15.887 billion, decreased by 8.13% y/y.
In the United States, Europe and other developed countries and regions, subject to the European debt crisis , economic recovery is weak, the unemployment rate remains high,employment structure deteriorated and low consumer confidence. These factors limited the demand for textiles and garments and also limited the demand in related industry. The textile and apparel industry had been expected at the beginning of year “ exports will remain low or negative growth in the first half. ”
According to Ministry of industry and information technology of People’s Republic of China , international market remains in the doldrums, cotton’s price gap continued to expand between home and abroad and competition become more intense , these are the major limiting factors for China’s textile exports.
According to United States Customs ,in January-April, the imports of textiles and apparel from China accounted for 36.1% of the global imports of the similar products, down 4.04 percentage points over the same period in 2011;According to Japan Customs ,in January-April, the imports of textiles and apparel from China accounted for 73% of the global imports of the similar products, down 1.95 percentage points over the same period in 2011; While ,Over the same period, India, Viet Nam, Bangladesh and other countries all increased the market share in the United States and in Japan.
For the situation in the second half, according to Ministry of industry and information technology of People’s Republic of China , international economic situation is not encouraging and low international demand will continue. Textile enterprises are still in a difficult situation in the second half. The export of textile and apparel continues low growing, the whole benefits will sharply decline and business loss will expand. Many medium , small and micro-enterprises will be knocked out.
