According to customs statistics, in 8, my country's textile and clothing trade volume was US$33.01 billion, and increased by 1.3% year-on-year. Among them, exports were US$30.98 billion, a year-on-year increase of 2.9%; imports were US$2.04 billion, a year-on-year decrease of 17.9%; and the trade surplus was US$28.94 billion, a year-on-year increase of 4.7%. The performance of major markets has shown significant changes, and the market performance of RCEP member countries has been outstanding.
html From November to August, my country's textile and clothing trade volume was US$236.31 billion, a year-on-year increase of 9.1%. Among them, exports were US$220.81 billion, an increase of 11.2% year-on-year; imports were US$15.5 billion, a decrease of 14.6% year-on-year; the cumulative trade surplus was US$205.31 billion, an increase of 13.82% year-on-year.
European and American inflation effect has shown that
Since the beginning of this year, major export markets such as the United States and EU have continued to be high, energy prices have soared, product inventory has risen, and consumers' demand for non-living necessities has declined. In order to reduce inflation levels, the United States and Europe continued to raise interest rates in , and the negative effects brought about by the negative effects of the export data in August were revealed.
8 China's textile and clothing exports increased by 2.9% year-on-year, a significant decline from the previous period; fell by 6.8% for the first time after five consecutive months of growth. The slowdown in the import of textile intermediate products has shown an accelerated trend, which has created adverse expectations for the future export of downstream terminal products.
htmlIn August, the growth rate of my country's textile and clothing exports both declined, with textiles turning from rising to falling, down 0.2% year-on-year in the month, and clothing increasing by 5.1% year-on-year, a decrease of 13.5 percentage points from the previous month. Among the major categories of commodities, the growth rate of household textiles fell significantly, down 5.1% year-on-year in the month, followed by fabrics, yarns and needle-woven clothing, with the growth rate falling by 16.1, 12.6 and 12 percentage points respectively compared with the previous month.
Judging from the trend of export volume and price, the export volume of intermediate yarn and fabrics in August continued to grow, but the growth rate fell compared with the previous period, and the increase in export prices slowed down significantly. The export volume of terminal consumer goods and household textiles fell by , and the export volume of needle-screw woven clothing decreased, while the export price continued to grow rapidly.
html From November to August, my country's textile and clothing exports increased by 10.4% and 11.9% year-on-year respectively. Major products, yarn, fabric, needle-woven clothing and home textile products, increased by 19.2%, 18%, 18% and 2.1% year-on-year respectively.
html In August, among the top six major export provinces and cities in my country, Zhejiang and Shanghai maintained a slight year-on-year growth, 2.6% and 2.3% respectively. Exports in the other provinces and cities all declined, among which Guangdong and Fujian saw a significant decline, down 14.3% and 13.5% year-on-year respectively. From January to August, exports in two-thirds of the country maintained year-on-year growth. Among the top five key provinces, Guangdong fell by 4.2%; Zhejiang, Jiangsu and Shandong grew by 19.7%, 11.6% and 15.4% respectively, with growth rates reaching double digits and above average; Fujian grew by 4.7%.
From the perspective of the export market, the United States and the European Union mainly dragged down the slowdown in export growth in August. my country's exports to the United States turned from rising to falling that month, with a negative pull of 2.5 percentage points to the overall exports of that month. The growth rate of exports to the EU fell by 24 percentage points compared with the previous month, and 13.5 percentage points to Japan. The growth rate of exports to ASEAN remained stable.
Main market differences are obvious
html In August, the US inflation level was still at a high of 8.3%, and Federal further hikes continue to boost the economic downturn. In that month, my country's exports to the United States changed from double-digit growth in three consecutive months to a decrease of 12.8% , a decrease of 16.6% month-on-month. Among them, the export volume of major commodities, the number of woven clothing increased by 26% year-on-year to 7.7% and decreased by 18% month-on-month. Export volume fell by 21%, and average export price rose by 16.8%.
1-August, my country's cumulative exports of textiles and clothing to the United States were US$38.58 billion, a year-on-year increase of 7.8%. Among them, woven clothing increased by 26.4% year-on-year, and export volume and price increased by 11.5% and 13.4% respectively.
The impact of continued high inflation on consumption in Europe has emerged. Data released by the European Statistics Office showed that the CPI of euro in August hit a new record high, with the core consumer price coordination index rising by 5.5%. In that month, my country's year-on-year growth rate of exports to the EU fell sharply to 1.2% , a decrease of 24 percentage points from the previous month, and exports fell by 20% month-on-month. Among them, the export volume of needle-woven clothing in major categories increased by 2.3%, a decrease of 18 percentage points from the previous month.
1-August, my country's cumulative exports to EU textiles and clothing were US$34.04 billion, an increase of 13.2% year-on-year, and the growth rate is still higher than the global average. , among which the export volume and price of major commodities woven clothing increased by 3.4% and 20.6% respectively, driving the export volume to increase by 24.7%. The decline in consumer demand in Europe and the United States also had an impact on ASEAN terminal product exports, and orders in Southeast Asia also showed a significant reduction, which in turn affected my country's export of ASEAN intermediate products.
htmlIn August, my country's exports to ASEAN textile and clothing narrowed compared with the previous period. In , my country's overall exports to ASEAN textile and clothing were US$4.51 billion, an increase of 23.6% year-on-year. Although the growth rate rebounded from the previous month, exports fell by 4.4% month-on-month, and exports fell for three consecutive months. Among them, exports of major commodity fabrics increased by 24.9% year-on-year in the month and decreased by 1% month-on-month, and exports contracted for the third consecutive month.
1-August, my country's cumulative exports to ASEAN were US$36.94 billion, a year-on-year increase of 23.3%. Under the combined effect of volume and price of , the volume and price increased by 23.5% year-on-year, while the volume and price increased by 14% and 8.4% year-on-year respectively.
htmlIn August, although Japan's domestic inflation rate was also rising, it was still in a relatively moderate range. my country's exports to Japan's textile and clothing increased month-on-month for two consecutive months, with exports to Japan of US$2.19 billion that month, a month-on-month increase of 26.6% and a year-on-year increase of 12.1% . Major commodity woven clothing maintained double-digit growth of 13.7%, and export volume and price increased by 10.1% and 3.2% respectively.
1-August, my country exported a total of US$12.96 billion in textiles and clothing to Japan, an increase of 1.3% year-on-year. major commodity woven clothing increased by 4.6% year-on-year, of which the export volume fell by 2.5 and the export price rose by 7.2%.
It is worth mentioning that in 8, my country's textile and clothing exports to RCEP and the other 14 member countries increased by 18% year-on-year, far exceeding the average. Except for Brunei , all the other 13 member countries of RCEP maintained growth.
1-August, my country exported a total of US$62.15 billion in textiles and clothing to the other 14 member countries of RCEP, an increase of 15.7% year-on-year.
cotton import price increases and decreases
imports, in August, the import volume of textiles and clothing in major provinces and cities in my country decreased significantly year-on-year, among which Guangdong and Zhejiang fell more than the average, down 37% and 30% respectively. Shanghai's clothing imports increased by 11.2% year-on-year, driving the overall imports increased by 4.1%.
html From November to August, all textile and clothing imports in major provinces and cities in my country decreased, and the decline was significant. Shanghai fell by 4.3%, while Guangdong, Jiangsu, Zhejiang and Fujian all exceeded the average.
Downstream production and export reduction has led to the continuous shrinking of imports of intermediate products. In August, the total import decline in yarn and fabrics further expanded to 21%. When the monthly needle woven clothing imports increased slightly by 0.4%, suspending the decline for five months, with the decline in imports narrowing to 20%, and the average import price rose by 26%.
html From November to August, my country's textiles and clothing imported a total of US$8.5 billion and US$7 billion respectively, down 18.5% and 9.4% year-on-year respectively. The cumulative import volume of yarn, fabric, and woven clothing in categories decreased by 37.2%, 9.7% and 27% year-on-year respectively, and the average import price increased by 16.3%, 3% and 27.2% year-on-year respectively.
8 cotton import volume continued to decline, with only 108,000 tons imported that month, hitting a new low this year. fell by 8.5% month-on-month, but resumed a 25% growth year-on-year. Import prices continued to rise, with the average import price of US$2,850/ton that month, hitting a new high this year, up 35.7% and 1.1% year-on-year and month-on-month respectively.
August chemical fiber import fluctuations were stable compared with cotton, and the import volume was the same as last month. imported 36,000 tons in the month, a year-on-year decrease of 24%. Import prices rose slightly, with the average import price of US$2,790/ton in that month, an increase of 32.3% year-on-year.
According to the information released by the China Cotton Association , in August, the demand for domestic textile market improved slightly, and orders in autumn and winter increased slightly, and enterprises supplemented the inventory of raw materials in moderation.
written by China Textile Import and Export Chamber of Commerce
edited by Zheng Yubing
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