Textile Exports To Europe Increased By 30% In The First Quarter

Customs statistics show that in the first quarter of this year, China's exports of textiles and clothing totaled 36 billion 436 million US dollars, up 17.70% from the same period last year, which is basically close to the growth level of last year.

According to the insiders, although China's textile and garment industry is facing multiple pressures this year, such as the acceleration of RMB appreciation, the reduction of export tax rebate rate, the spread of the US subprime crisis, and the increase in labor costs, the export of textile products to the EU has increased by 30%, due to the cancellation of the quota for export.

To Europe: 4 categories of textile growth

It is reported that in the first quarter of this year, the EU accounted for the first place in China's textile and clothing export market, and its exports increased significantly.

According to the customs clearance rate of the first textile net China EU agreement, 4 categories (5 categories of sweaters, 7 types of blouses, 20 types of sheets and 26 kinds of dresses) of the 8 categories of textiles monitored by China and Europe in the first quarter of this year increased faster than the same period last year, with an increase of 159.25%, 104.63%, 128.99% and 141.25%, respectively.

For us: exports increased by only 0.72% in the first half of March.

Affected by the US economic downturn, the total export volume of textiles and clothing exports to the United States in March amounted to 4 billion 719 million US dollars, an increase of only 0.73%, accounting for 12.95% of total exports.

In addition, Japan and South Korea are still the two most important markets for textile and clothing exports in China. In the first quarter, exports amounted to US $4 billion 413 million and US $1 billion 205 million, an increase of 8.32% and 10.25%. The main export market in Hongkong, Europe and the United States, was affected by the slowdown in the US economy. Although exports reached 4 billion 269 million US dollars, accounting for 11.72% of total exports, the growth rate dropped by 8.51 percentage points.

Ma Xinzheng, deputy editor in chief of the first textile network, believes that there are two main reasons for the decline in clothing exports to the US: on the one hand, since the subprime crisis in the United States, the demand for its retail market has decreased, and the order of buyers has thus been reduced.