The foreign trade situation of my country’s cotton textiles shows a relaxing trend
According to customs statistics, my country’s cumulative export volume of cotton fabrics in the first eight months was US$16.56 billion, a year-on-year decrease of 0.58%, and the cumulative import volume was US$4.21 billion. , a year-on-year decrease of 24.7%. Since this year, the negative growth in my country’s cotton fabric exports has eased month by month. This is closely related to a series of domestic policies this year to promote foreign trade and stabilize exports. With the successive implementation of measures to promote the transformation and upgrading of trade consolidation and improve trade facilitation, the enthusiasm of textile enterprises for foreign trade production has been increased.
Among the main import and export products of cotton fabrics, cotton yarn thread in the first eight months The popularity of imports has declined, with a total of 1.297 million tons of cotton yarn imported, a year-on-year decrease of 19.3 percentage points. From the perspective of cotton yarn import market, Vietnam has surpassed India and Pakistan to become my country’s largest cotton yarn import market, accounting for about 1/3 of my country’s imported cotton yarn. Cotton fabrics are my country’s main export cotton fabrics. As of August, my country’s total exports of cotton fabrics were 6 billion meters, a year-on-year increase of 14.9%.
The export situation of my country’s cotton fabrics is generally stable. The main reason is that the unit price of cotton fabrics exported from my country is low andStable quality, high market share, less affected by raw material price fluctuations and market demand; the export market is mainly countries in Southeast Asia, and also involves some African countries and developed countries such as Asia and Europe. This year, the Philippines surpassed Bangladesh in the eighth month and became my country’s largest export market for cotton fabrics. The number of cotton fabrics exported to the Philippines increased by three digits compared with the same period last year.
Due to seasonal reasons and the increase in the cost of cotton cloth, especially the increase in cotton prices since May has driven up the price of cotton yarn, but foreign customers have Failure to accept significant price increases has led to increased pressure on my country’s cotton fabric export orders in June and a sharp decline in export volume. Although cotton fabric exports rebounded in August, from the fourth quarter of this year onwards, the export pressure of Cotton natural cotton fabrics is still relatively high. In addition, the G20 Summit has affected many factories in Xiaoshan area to suspend production and restrict logistics. Therefore, the growth of cotton fabric exports is expected to slow down in the short term.
As new cotton comes on the market, domestic cotton prices have recovered significantly, but the price increase of downstream products is weak, and downstream companies are cautious in accepting orders; with the price of raw materials The upward trend is gradually transmitted to spinning yarns and fabrics, and the arrival of the fabric order season in the fourth quarter will certainly stimulate downstream demand. Domesticcotton textile fabrics Export competitiveness will also recover, and it is estimated that the cotton textile industry will operate stably and improve throughout the year.
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