Textile and clothing exports from Xinjiang ports have increased significantly
The latest statistics from Urumqi Customs show that in January 2016, Xinjiang Port exported 3.64 billion yuan of textiles and clothing, an increase of 76.3% compared with the same period last year (the same below). Among them, export growth to Kyrgyzstan ranked first. When analyzing the reasons for growth, experts said that Kyrgyzstan’s economic situation is better than that of other Central Asian countries, creating a favorable situation for China’s textile and apparel exports to Kyrgyzstan.
According to statistics, among the textile and garment exports from Xinjiang ports, the export of textile yarns, fabrics and products was 800 million yuan, a year-on-year increase of 36.2%, accounting for 22.0% of the textile and garment export value of Xinjiang ports (hereinafter referred to as the export value); exports Clothing and clothing accessories (hereinafter referred to as “clothing”) were 2.84 billion yuan, a year-on-year increase of 92.2%, accounting for 78.0% of the export value.
January’s textile and apparel export data reversed the downward trend at the end of last year, with a slight month-on-month increase and a significant year-on-year increase. Since October last year, Xinjiang Port’s textile and clothing exports have shown a downward trend. In January this year, Xinjiang Port’s textile and clothing exports were 3.64 billion yuan, reversing the continuous decline in three months. Compared with December last year, the month-on-month increase was 14.2%. An increase of 76.3% compared with the same period last year.
Customs analysts said that the characteristics of textile and clothing exports at Xinjiang ports are reflected in the fact that border small-value exports rank first, general trade exports grow rapidly; private enterprises take the lead in exports, and state-owned enterprise exports double.
It is worth noting that exports to Kyrgyzstan ranked first, and Russia became the second largest export market. In January this year, Xinjiang Port exported 1.56 billion yuan of textiles and clothing to Kyrgyzstan, a year-on-year increase of 59.3%.
Customs analysts pointed out that the reason for the sharp increase in Xinjiang port textile and clothing exports was the supply-side reform, which was affected by the tail-off factor at the end of the previous year. In the past 10 years of the “Eleventh Five-Year Plan” and the “Twelfth Five-Year Plan”, the textile industry has taken the lead in supply-side reform, and the industrial structure reform and product structure reform have achieved certain results. Although textile and clothing exports from Xinjiang ports have been on a downward trend since October last year, they showed a tailwind in December, and the impact was apparent in January this year.
At the same time, Russia is facing an economic crisis. The ruble has depreciated and a large number of foreign labor has emigrated. Domestic output has declined, and the “import substitution effect” has emerged. The shadow of the economic crisis has been hanging over Russia. The serious depreciation of the ruble has caused workers’ income to drop. A large number of foreigners working in Russia, especially Tajiks and Uzbeks, are moving out. To a certain extent, the reduction in the number of laborers directly leads to a reduction in labor force and production capacity in labor-intensive industries such as the textile and apparel industry. Coupled with the high quality and low price of Chinese textile and apparel products, a certain “import substitution effect” has been formed in the Russian market.
Kyrgyzstan’s economic growth is the best in the Eurasian Economic Union, and the relatively good economic situation has maintained a certain import speed. According to data from the Kyrgyz State Statistical Committee, Kyrgyzstan’s GDP in 2015 was 423.6 billion soms, a year-on-year increase of 3.5%; inflation was controlled at a low level of 3.4%. In this regard, Kyrgyz Minister of Economic Affairs Korushev said that the above-mentioned data are the best in the Eurasian Economic Union. Kyrgyzstan’s relatively good domestic economic situation has created a favorable situation for China’s textile and apparel exports to Kyrgyzstan.
The national “One Belt, One Road” strategic opportunity promotes textile and garment enterprises to “go global”. Under the national “One Belt, One Road” strategic framework, with the investment of numerous political, diplomatic and economic resources, it will create as safe and stable a medium- and long-term economic and geographical environment as possible for textile enterprises to develop markets in countries along the Belt and Road. The in-depth advancement of the “Belt and Road Initiative” will greatly enhance the potential efficiency of the regional textile supply chain, thus promoting the vertical integration of industrial chain operations and transnational allocation of production capacity by Chinese textile companies in different countries in the region.
For future development, experts point out that with the large-scale upgrading of automation, intelligent and green production in the textile and apparel industry, the textile industry must continue to rapidly improve labor productivity on the one hand, and build a more efficient rapid response supply on the other. system.
As an important raw material base and production area, Xinjiang has good resource advantages, geographical location advantages and market potential in the cotton spinning industry. However, Xinjiang garment enterprises are generally small in scale, in the embryonic stage of development, and do not have the characteristics of modern enterprises. Enterprises should face up to the current situation, master skills, find gaps and improve technologies, go out and receive foreign orders, and contribute to the export-oriented development of the textile and apparel industry. Xinjiang Port Textile and Clothing Exports Increase Significantly
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