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The Textile Industry Has Set The Lowest Export Record In Nearly 20 Years.

2020/4/21 10:42:00 0

TextileClothingExportForeign TradeEconomic Operation

The latest statistics released by the Customs show that the total value of import and export of goods trade in China in the first quarter was 6 trillion and 570 billion yuan, down 6.4% from the same period last year. Among them, exports were 3 trillion and 330 billion yuan, down 11.4%. The outbreak disrupted the pace of resumption of production and resumption of production, and made the textile industry record a record low of nearly 20 years.

"Orders from Europe, America and the Middle East have all been cancelled." Looking at the stocking fabric filled with warehouses, Jiang Wenping, the boss of Shishi clothing company, who has done nearly 20 years of foreign trade business, has no choice but to say: "they are saying that they are going to resume work and resume production, but the road of reopening of foreign trade enterprises is not smooth." With the fierce attack of overseas epidemic, many foreign textile enterprises can not maintain the order stock for more than two months. The order problem has become the biggest worry for export textile and garment enterprises, and even has to cut down the time to avoid layoffs. Analysts in the industry believe that, due to the large number of foreign orders cancelled in March and no signs of recovery, and the willingness to buy foreign merchants at the moment, the order volume is significantly lower than in previous years, and the impact on exports can not be underestimated.

Judging from the current epidemic situation, China's main export market is not optimistic. Exports will continue to decline in the two quarter, and the decline will further expand. The only thing to look forward to is that with the large number of enterprises in China adapting to the current situation and changing rapidly, the epidemic prevention supplies available for export are adequate. The situation of overseas epidemic is getting tighter, and there is a great demand for epidemic prevention materials. The United States has included masks and protective clothing in the tax exclusion list. The export of these products will peak in the two quarter, and will play a weak positive role in the overall export.

According to the weekly data released by China Textile Industry Federation (-8 April 1st) and cluster survey data, 85.7% of the 522 enterprises surveyed and 28 industrial clusters and 89.3% of the industrial clusters had feedback problems, and 57.1% of the surveyed enterprises reflected the cancellation of orders from customers, which was 6.3 percentage points higher than that of a week ago. In addition, the proportion of enterprises with orders less than normal 50% was 27.7%, up 4.5 percentage points from a week ago. The shortage of export orders is even more prominent. The proportion of enterprises whose export orders are less than 50% of normal situation is as high as 70.2%, up 9 percentage points from a week ago.

Weekly data and cluster survey data also showed that the shortage of terminal market demand and the decline of export orders have already been transmitted to the whole industrial chain. Textile enterprises are generally faced with greater operating pressure, and the utilization rate of capacity has steadily declined since resumption of production. According to reports, due to the sharp decline in market demand caused by the epidemic, many enterprises can only maintain short-term start operation in hand orders. It is estimated that the level of capacity utilization of textile industry will face further downward pressure in the next two months.

According to data from the China Textile Import and Export Chamber of Commerce, in 2020 1-2, trade in textiles and clothing was 34 billion 390 million US dollars, down 17.8% from the same period last year. Of which, exports amounted to 30 billion 550 million US dollars, down by 19.9%; imports of US $3 billion 830 million, an increase of 4.5%, and a cumulative trade surplus of 26 billion 720 million US dollars, down 22.5%. It is worth noting that textile and garment exports in February were lower than last year's base, the decline still reached 62%, a record of 25 years. In addition, the total export volume of textile and clothing in 1-2 months has also hit the lowest level in nearly 20 years.

At the same time, reporters also learned in the interview that in February, China's textile and apparel exports to 198 countries (regions), of which 96% of the country (region) exports showed a downward trend. The key export markets of the European Union, the United States, ASEAN and Japan fell by 62.1%, 69%, 55% and 64.4%, respectively, with a drop of more than half.

Although the export of textile industry has been largely occupied, the epidemic will not lead to the acceleration of industrial transfer. In the early days of the outbreak, due to China's efforts to prevent and control, the rate of resumption of production was low, and the production and export of orders were affected. For example, the proportion of US imports from China dropped rapidly to 22.8% in February, down 10 percentage points from the end of 2019. The Japanese market also showed the same trend, and imports in China decreased by 6.7 percentage points from the end of last year, compared with the end of last year. In addition, some international buyers' lack of confidence in China has led to the transfer of orders outside China. But from now on, at the end of the first quarter, more than 90% of our enterprises resumed production and resumed production. At the same time, with the spread of foreign epidemics, countries and regions that can compete with China's textile industry can not be independent. In addition, the major importing countries such as Europe and the United States are also busy with their own efforts and are reducing the volume of transactions substantially. Therefore, the risk of order shifting is decreasing.

The impact of the epidemic will last for a long time. Insufficient demand is the main contradiction. Although China's epidemic prevention and control situation has steadily improved, the domestic demand market has not rebounded. In addition, the scale of China's export industry chain is larger, and there are obvious differences between the domestic and foreign sales industries, which further increases the difficulty of export enterprises' re marketing of domestic demand market. Authorities in the industry suggest that enterprises should actively explore market opportunities while maintaining low speed and smooth through difficult times.

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