National Development and Reform Commission: Economic performance of the textile industry in 2013

Business News March 12

Production growth continues to decline. According to data from the National Bureau of Statistics, the growth rate of the added value of the textile industry in 2013 basically showed a slowing down trend month by month, with a year-on-year growth of 8.7%, 3.5 percentage points lower than in 2012. In 2013, the production growth rate of the textile industry slowed down overall. From the perspective of product output, the growth rate of major product categories generally declined. The growth rates of key categories such as chemical fiber, yarn, cloth, and clothing were all lower than in 2012. According to data from the National Bureau of Statistics, the output of chemical fiber, yarn, cloth, and clothing by textile enterprises above designated size in 2013 was 41.22 million tons, 32 million tons, 68.3 billion meters, and 27.1 billion pieces, respectively, representing year-on-year increases of 7.9%, 7.2%, 4.6%, and 1.3%, with growth rates falling by 3.3, 2.6, 7.0 and 4.9 percentage points respectively compared with the same period last year.

The growth rate of domestic demand dropped compared with the previous year. According to data from the National Bureau of Statistics, in 2013, the national retail sales of clothing, shoes, hats, and knitted textiles above designated size were 11.89 trillion yuan, a year-on-year increase of 11.5%. The growth rate was 6.5 percentage points lower than the same period last year, and 1.6% lower than the national total retail sales of consumer goods. percentage points.

Export growth has picked up. According to customs monthly report data, from January to December 2013, my country’s textile and clothing exports were US$292.08 billion, a year-on-year increase of 11.2%, an increase of 7.9 percentage points compared with the same period in 2012, of which textile exports were US$113.85 billion, a year-on-year increase of 11.2% ; Clothing exports reached US$178.22 billion, an increase of 11.3%, and the growth rate was 7.9 and 6.8 percentage points higher than the same period last year.

Investment growth has been basically stable. In 2013, the number of newly started projects with fixed asset investment of more than 5 million yuan in the textile industry was 13,718, a year-on-year increase of 5.86%. The actual investment completion amount was 914.03 billion yuan, a year-on-year increase of 17.29%. The growth rates were 2.7 and 2.7% higher than the same period last year respectively. 10.5 percentage points. Investment in the eastern region has grown rapidly. In 2013, the actual investment amount increased by 19.2% year-on-year, which was 4.6 percentage points higher than the investment growth rate in the central and western regions.

Industry efficiency has improved. In 2013, the country’s 39,000 textile enterprises above designated size achieved main business income of 6.38489 billion yuan, a year-on-year increase of 11.5%, and the growth rate was 0.9 percentage points higher than the same period last year; they realized a total profit of 350.60 billion yuan, a year-on-year increase of 15.8%, higher than 8.1 percentage points in the same period last year; sales profit margin was 5.5%, an increase of 0.2 percentage points compared with the same period last year. The industry’s loss rate was 11.5%, a decrease of 1.0 percentage points from the same period last year, and the losses of loss-making enterprises decreased by 0.8% year-on-year.

(Article source: Securities Times News Center)

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