China's textile and apparel exports decreased by 8.1% year-on-year in July

According to the latest data released by the General Administration of Customs of the People's Republic of China, in July 2012, China’s textile and apparel exports stood at US$23.89 billion, a year-on-year decrease of 8.1%. Industry analysts believe that the international consumer market continues to be weak and the external economic uncertainty is strong. The foreign trade situation is unlikely to show significant improvement in the short term. However, with the advent of the European and American apparel consumption season, the textile and apparel exports in the third quarter rose slightly.

According to statistics, in July 2012, China’s textile and apparel exports totaled 23.889 billion U.S. dollars, a year-on-year decrease of 8.1%. Among them, exports of textile yarns, fabrics, and products totaled US$8.02 billion, a year-on-year decrease of 8.05%; exports of clothing and clothing accessories were US$15.887 billion, a decrease of 8.13% over the same period last year.

The research report issued by Founder Securities pointed out that since 2012, the debt crisis in Europe has continued to escalate, and the market’s expectation of Greece’s exit from the euro zone continues. Spain has also been caught in a huge banking crisis and has become another heart of the euro zone. The sluggish macroeconomic environment in Europe has adversely affected China's textile and clothing trade. There are two main reasons for this severe situation: First, the EU textile and apparel market is in a weak demand, and second, some markets are shifting to rival countries.

Liu Yueping, chairman of the Guangdong Clothing and Apparel Industry Association, expects the textile and apparel industry's exports to face a severe test in the second half of the year. He said that the face of the international financial crisis is still fermenting, and the recovery of the world economy is weak. The labour costs, corporate costs, and exchange costs of China's export enterprises are all stubbornly high. The export price competitiveness is weakened and the international market share will be affected. extrusion.

However, some experts believe that the textile and apparel exports in August and September may usher in a recovery opportunity. Wu Xiaobin, a bank securities analyst, pointed out that the annual Christmas is the peak season of clothing consumption in Europe and America, and thus the active period of export orders for the apparel industry is in the third quarter. "In August and September, the export order volume may increase, but it is difficult for the external demand market to substantially improve in the short term. In the long run, garment export will face more challenges."