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Why does the export of textile and clothing "Jinjiu" break the promise?

2019-05-22

As usual, the "golden nine" market brought about by Christmas orders did not appear. In September, China's textile and clothing exports saw an unexpected increase in the decline when the previous decline narrowed.

"Winter"

According to customs data, in September, China's textile and clothing exports reached 22.765 billion US dollars, down 15.4% year on year, 12.3 percentage points higher than that in August (3.1% lower than that in August), and nearly 10 percentage points higher than that in September last year (5.7% lower than that in September). From January to September, the cumulative export of textiles and clothing reached US $19.654 billion, down 6.02% year on year, 1.4 percentage points higher than the previous eight months, and nearly 3.6 percentage points higher than the first half of the year.

The traditional peak season of the textile market is not prosperous, and the chill of the export market makes he Xiaosi, the information manager of Huarui information textile clothing, feel that the winter of the industry has come ahead of time.

According to the monthly data, since this year, the year-on-year growth rate of textile and clothing exports has achieved a high positive growth in March, and since then, the decline trend has been basically continued, only the textile exports have achieved a positive growth again in August. At the same time, clothing exports have continued to decline since May this year. Although the decline increased in September, the decline has not changed much.

In September, textile exports reached 7.72 billion US dollars, down 20.5% year-on-year, 25% more than that in August (10.246 billion US dollars, up 5.2%); clothing exports reached 15.045 billion US dollars, down 12.6% year-on-year, 5% more than that in August (17.686 billion US dollars, down 7.3% year-on-year).

It can be seen that the year-on-year growth rate of textile and garment exports expanded from a single digit decline in August to a double-digit decline in September, mainly because the positive growth of textile exports in August turned into a sharp decline in September.

Stop and limit production "Fawei"

Why did textile exports turn around in September? Although the detailed data concerning specific products have not yet been released, he Xiaosi pointed out in an interview with the international business daily that this was mainly affected by the suspension of production of many textile printing and dyeing enterprises in Zhejiang and other places for nearly half a month before and after the G20 Hangzhou summit.

As usual, the "golden nine" market brought about by Christmas orders did not appear. In September, China's textile and clothing exports saw an unexpected increase in the decline when the previous decline narrowed.

"Winter"

According to customs data, in September, China's textile and clothing exports reached 22.765 billion US dollars, down 15.4% year on year, 12.3 percentage points higher than that in August (3.1% lower than that in August), and nearly 10 percentage points higher than that in September last year (5.7% lower than that in September). From January to September, the cumulative export of textiles and clothing reached US $19.654 billion, down 6.02% year on year, 1.4 percentage points higher than the previous eight months, and nearly 3.6 percentage points higher than the first half of the year.

The traditional peak season of the textile market is not prosperous, and the chill of the export market makes he Xiaosi, the information manager of Huarui information textile clothing, feel that the winter of the industry has come ahead of time.

According to the monthly data, since this year, the year-on-year growth rate of textile and clothing exports has achieved a high positive growth in March, and since then, the decline trend has been basically continued, only the textile exports have achieved a positive growth again in August. At the same time, clothing exports have continued to decline since May this year. Although the decline increased in September, the decline has not changed much.

In September, textile exports reached 7.72 billion US dollars, down 20.5% year-on-year, 25% more than that in August (10.246 billion US dollars, up 5.2%); clothing exports reached 15.045 billion US dollars, down 12.6% year-on-year, 5% more than that in August (17.686 billion US dollars, down 7.3% year-on-year).

It can be seen that the year-on-year growth rate of textile and garment exports expanded from a single digit decline in August to a double-digit decline in September, mainly because the positive growth of textile exports in August turned into a sharp decline in September.

Stop and limit production "Fawei"

Why did textile exports turn around in September? Although the detailed data concerning specific products have not yet been released, he Xiaosi pointed out in an interview with the international business daily that this was mainly affected by the suspension of production of many textile printing and dyeing enterprises in Zhejiang and other places for nearly half a month before and after the G20 Hangzhou summit.


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