Exports in the textile market were “red” in the first quarter
Since the beginning of this year, the economic recession has continued to spread, and the demand in the international consumer market has further shrunk. While various indicators of our county’s open economy continued to decline in the first quarter, exports from the China Textile City market bucked the trend and rose: In the first quarter, there were 539 export companies in the China Textile City market, with an export volume of US$250 million, a year-on-year increase of 18.2%. %, while the county’s export volume fell by 17.3% year-on-year, and trade exports fell by 5.3% year-on-year.
In the first quarter, exports in the textile market bucked the market trend and increased confidence in our county’s export trade, which has been in a downturn since last year’s financial crisis. At the same time, it once again proved that China Textile City has the bridge and platform to go to the market. effect.
As trade-oriented export enterprises, when the financial crisis hit, trading companies and cloth merchants in China Textile City actively implemented diversified development through transformation and upgrading, cultivated new export entities, and expanded new export markets. , overcoming the effects of many unfavorable factors such as the continued rise in the RMB exchange rate, market shrinkage, sharp increases in operating costs, financial constraints, and falling market confidence, thus enabling the export-oriented economy to gradually rebound.
Shaoxing County Longlixin Textile Co., Ltd., located in the Fortune Building on Jinkeqiao Avenue, has always been mainly engaged in suit fabrics and exported them to Southeast Asian countries and regions such as Malaysia and Singapore. When company operator Lian Wenrong realized that home textile products have broad market prospects in Southeast Asian countries, relying on Shaoxing’s strong home textile production base, he began to get involved in the trade and export of home textile products last year. From suit fabrics to home textiles, diversified development and operations have allowed “Longlixin” to maintain a high growth rate of 59% in exports from January to March this year. “The export of home textile products is the highlight of our company’s business this year.” Lian Wenrong said that the company has set up a sales window in Hong Kong to better connect with the Southeast Asian market and cultivate new export entities.
Taking advantage of the geographical location and popularity of the textile market, giving full play to its own resources and diversifying the market, “Longlixin” has bucked the trend in the international economic downturn. Shaoxing Mulinsen Textile Co., Ltd., located in the International Trade Center, adopts a flexible operation and management mechanism to allow its international business volume to rise: from January to March, export volume increased by 51.7% year-on-year, of which exports in March were more than 2 million US dollars. When there are fewer large and long orders, we will make small and short orders. Even if the order is several thousand meters long, we will send a dedicated person to follow the order carefully and do it meticulously. “High-quality products, good reputation, and perfect services” make “Mulinsen” “like a duck in water” in emerging markets such as the Middle East market.
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