Textile and apparel industry exports resume growth, benefiting from stronger US dollar
Abstract: According to China News Service, China’s textile and apparel exports resumed growth in the first month of 2017. The China Chamber of Commerce for Import and Export of Textiles revealed on the 10th that in RMB terms, China’s textile and apparel exports in January 2017 were 165.68 billion yuan, a year-on-year increase of 10.2%, of which textile exports were 66.41 billion yuan, a year-on-year increase of 11.2%; clothing exports were 99.27 billion yuan, a year-on-year increase. 9.5%. Data show that from January to December 2016
According to China News Service,2017China’s textile and apparel exports resumed growth in the first month of the year. The China Chamber of Commerce for Import and Export of Textilesdisclosed on October 10that in RMB terms,2017Year1Month China’s textile and clothing exports1656.8 b>100 million, a year-on-year increase10.2%, of which textile exports664.1 100 million yuan, a year-on-year growth of 11.2%;Clothing exports 992.7100 million, a year-on-year increase9.5%.
Data display, 2016 year1-12In March, China’s textile and apparel trade volume fell by 6.1% year-on-year, of which exports fell by 5.9% . Especially inDecember, China’s textile and apparel trade volume dropped by12.1% year-on-year, with exports falling year-on-year >12.9%. China’s textile and apparel exports dropped by 4.9% in2015 in2016The year continues to decline. However, China’s textile and apparel exports resumed growth inJanuary 2017.
The continued strength of the US dollar is one of the important reasons for the recovery of growth in textile and apparel export data. Sincethe second half of 2016, the exchange rate of RMB against the US dollar has depreciated, and the central parity rate of RMB against the US dollar once fell to6.93. This has brought about an improvement in the export situation of my country’s textile industry and is expected to bring more international orders to textile and garment companies.
In addition, the continued development of domestic textile brands has also promoted the recovery of export growth. In fact, as early as2001after China joined the “WTO“, my country’s textile industry has been exploring development, especially It is the clothing industry that is particularly prominent in promoting the process. Many domestic clothing brands are beginning to implement strategies,For example, brands such as “Shanshan”, “Youngor”, “Luwang”, and “Ordos” have begun to take steps forward. Go international and promote brand development.
In recent years, in addition to promoting development of the brands themselves, many brands have continued to carry out technological innovations in textile fabric production in order to seek international orders, which has greatly improved my country’s textile production. process so that the product can meet the standards. This also provides the basis for my country’s textile and garment industry to recover from negative export growth.
In addition, 1month20On July 1, the Ministry of Industry and Information Technology, the National Development and Reform Commission and others issued the “Guiding Opinions on the Development of the Industrial Textiles Industry during the 13th Five-Year Plan”. The launch of the “Guiding Opinions” will promote the transformation of my country’s textile industry into emerging models. Textile enterprises should adapt to mass consumption concepts and structural changes, grasp the consumption trends and new consumer groups in the new era, and adjust corporate strategic deployment. Driven by policies and markets, my country’s textile and apparel industry is expected to develop rapidly, and related companies are expected to benefit quickly.
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Textile and apparel industry exports resume growth, benefiting from stronger U.S. dollar
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