In July, China’s textile and apparel exports continued to improve, which province has the most outstanding performance?

In July, China's textile and apparel trade volume was US$27.57 billion, up 1.6% year-on-year, of which exports were US$25.49 billion, up 1.4%, and imports were US$2.08 billion, up 3.7%. The trade surplus for the month was US$23.41 billion, up 1.3% year-on-year.

From January to July, China's textile and apparel trade volume reached US$163.35 billion, up 0.6% year-on-year, of which exports were US$149.75 billion, up 0.3%, imports were US$13.59 billion, up 3.9%, and the accumulated trade surplus was US$136.16 billion, which was basically flat year-on-year.

Exports are rising month by month and the trend is stabilizing

Since March, China’s textile and apparel exports have expanded month by month. The peak period began in July, and the export value climbed to 25.49 billion US dollars; the export continued to maintain a small increase year-on-year, with a 1.4% increase in the month, and the cumulative export growth rate further expanded to 0.3%.

In July, textile and apparel exports increased by 3.1% and 0.5% respectively, textiles, fabrics and finished products all increased. The export volume of needle-woven garments in garments increased by 3.7%, and the export unit price rose to US$4 for the first time in the year. / Pieces (sets) or more, down 3.8% year-on-year, the decline was smaller than the previous period.

From January to July, the cumulative export of textiles was US$62.49 billion, up 1.9% year-on-year, and clothing exports were US$87.26 billion, down slightly by 0.9% year-on-year. The export of yarns, fabrics and finished products of large categories of goods increased by 4.4%, 1.2% and 2.2% respectively. The export volume of needle woven garments increased by 3.9%, and the export unit price fell by 5.1%.

Jiangsu's largest increase in Guangxi's continued strength

In July, among the top five exporting provinces and cities, only Jiangsu achieved growth, and the growth rate reached 12.7%. Zhejiang, Guangdong, Shandong and Fujian all declined.

From January to July, Jiangsu's cumulative exports increased by 8.3% year-on-year, ranking first in the growth rate.

Guangxi's recent performance has been outstanding, and its export volume has continued to increase. It has achieved growth of more than 20% for three consecutive months. In July, it exported 590 million US dollars, up 83% and 31% year-on-year, respectively, of which border trade increased by 62%. General trade increased by 630%.

General trade rebounds, tourism shopping is reduced

Although the export volume of general trade has not resumed growth year-on-year, the decline has narrowed for three consecutive months and has shrunk to 0.6% in July, showing a clear upward trend.

In contrast, other modes of trade only grew by 25.5% in the month, and the growth rate continued to shrink. Among them, the export of the main provinces in Guangdong during the month of tourism and shopping increased by only 11% year-on-year, which was significantly lower than the previous period.

From January to July, the total trade exports decreased by 3.1% year-on-year, processing trade decreased by 7.4%, and other trade methods increased by 61.3%.

Export

For the EU

Showing signs of warming

The EU market is showing signs of recovery. According to data released by Eurostat, the Eurozone economy grew by 0.6% in the second quarter of this year, up 2.1% year-on-year. At the same time, the GDP of the 28 EU countries also increased by 0.6% in the quarter, up 2.2% year-on-year.

Correspondingly, China's exports to the EU have also gradually improved, and the export volume has expanded month by month, and achieved a growth of 3.7% and 1.1% in June and July respectively.

From January to July, the cumulative export to the EU was US$27.81 billion, down 1% year-on-year. The total export volume of large-sized commodity needle woven garments increased by 1.5%, and the average export price fell by 4.4%.

According to EU customs statistics, in the first half of the year, the EU imported 60.23 billion US dollars of textiles and clothing from the world, down 1.6% year-on-year, and imports from China accounted for 31.2%, down 0.4 percentage points from the same period last year. Imports from ASEAN and Bangladesh increased by 2.7% and 0.3% respectively.

For the United States

Basically stable

China's textile and apparel exports to the United States continued to expand. In July, exports to the United States reached US$4.61 billion, an increase of 8.2% from the previous month, and remained basically stable. Exports in the month fell by 4.3% year-on-year, and cumulative exports fell from growth to flat.

From January to July, textile exports increased by 5.6% year-on-year, clothing fell by 2%, and the total export volume of large-sized commodity needle-woven garments increased by 3.5%, and the average unit price fell by 6.1%.

According to US Customs statistics, in the first half of the year, the United States imported 55 billion US dollars of textiles and clothing from the world, of which China accounted for 34.1% of the total, down 0.3 percentage points over the same period last year. Since global imports fell by 0.3%, imports from China fell by 1.2%, and ASEAN, India and Mexico still maintained export growth to the United States.

To ASEAN

Exports gradually pick up

In July, China's textile and apparel exports to ASEAN further rebounded, with exports of 2.81 billion US dollars in the month, an increase of 8.7% year-on-year, a record high in the year.

From January to July, the cumulative export was US$19.06 billion, which was reduced to 0.5% year-on-year. Among them, textiles increased by 2% and clothing decreased by 7.1%. The total export volume of needle woven garments decreased by 5.5%, and the export unit price decreased by 4.3%.

The decline in exports to Japan has narrowed

Exports to Japan have not resumed growth, and exports fell by 1.9% year-on-year, a further decline from the previous period.

From January to July, the cumulative export was US$108.1, a decrease of only 0.7% year-on-year. Among them, textiles increased by 2.2%, clothing decreased by 1.4%, and the total export volume of large-sized commodity needle woven garments increased by 3.9%, and the export unit price decreased by 4.8%.

According to Japanese customs statistics, in the first half of the year, Japan’s textile and apparel imports were US$16.93 billion, down 0.4% year-on-year, of which imports from China fell 1.8% and ASEAN grew 4.7%.

China’s share in ASEAN is 60.1%, which has fallen nearly 60%, down 0.9 percentage points from the same period last year. Among them, the share of clothing was 61.9%, down 1.1 percentage points from the same period of last year, and the decline was more than the overall level.

import

The decline in the volume of textiles

And the volume of clothing increased

Recently, the outstanding characteristics of imports are: the decline in textile imports, the rise in import prices, and the opposite in clothing. Imports continue to grow and prices fall.

From January to July, the import volume of cotton yarns in large categories of textiles decreased by 1.9% year-on-year, and the unit price of imports rose by 8.6%. The import volume of large-sized commodity needle woven garments in clothing increased by 10.8% year-on-year, and the import price fell by 5.2%.

Cotton imports are still low

The spread between domestic and foreign cotton continues to expand

In July, cotton imports were still at a low level, and imports were less than 90,000 tons in the month, down 5.6%.