Overview of national textile and apparel trade

In November 2016, the total import and export value of national trade in goods was US$349 billion, a year-on-year increase of 2.9%. Among them, exports were US$196.81 billion, an increase of 0.1%; imports were US$152.2 billion, an increase of 6.7%. The trade surplus for the month was US$44.61 billion. The total import and export value from January to November was US$3.31924 billion, a year-on-year decrease of 6.9%. Among them, exports were US$1,897.17 billion, down 7.5%; imports were US$1,422.08 billion, down 6.2%, with a cumulative trade surplus of US$475.09 billion.

In November, the textile and apparel trade volume was US$23.62 billion, down 1.3%, of which exports were US$21.53 billion, down 2%, and imports were US$2.09 billion, up 6.4%. The trade surplus for the month was US$19.44 billion, down 2.8%. From January to November, the textile and apparel trade volume was US$264.98 billion, down 5.5%, of which exports were US$243.82 billion, down 5.1%, and imports were US$21.16 billion, down 9.4%. The cumulative trade surplus was US$222.66 billion, down 4.7%.

1. The single-month export decline narrowed and imports resumed growth.

Although the growth rate is still negative, the decline in exports in November has narrowed to 2%, and exports increased by 0.5% month-on-month. Imports increased for the first time this year, and both exports and imports showed a trend of slowing down and stabilizing. As the end of the year approaches, factors affecting exports such as the US election and expectations of RMB depreciation have been basically determined, and the decline in exports has been alleviated. If no special events occur, according to the usual situation in previous years, there will be a small peak in exports in December, and the export volume will rise again. It is expected that the decline in exports throughout the year will still be likely to narrow further.

2. Exports of general trade and processing trade declined, and market procurement trade occupied a larger share.

Exports by major trade modes fell in November, and the decline narrowed. General trade exports fell by 1.2%, and processing trade fell by 11.8%, negatively driving exports by 1.3 percentage points. Other trade methods based on market procurement increased by 22.3%, accounting for 6%.

From January to November, general trade and processing trade exports fell by 4.5% and 16.9% respectively; market procurement trade increased by 30.7%, accounting for 5.9%, an increase of 1.6 percentage points from 2015, and has surpassed border trade to become the third largest trade. method, forming a positive boost of 1.3 percentage points to overall exports.

3. Major market conditions have improved to varying degrees, and the U.S. market has resumed growth.

European Union – The decline in exports to the EU has narrowed significantly, and clothing exports have resumed growth.

The early rapid decline in exports to the EU has been alleviated. Exports in November were US$2.44 billion, a decline narrowed to 1.2%, of which textiles increased by 13.2%, and the decline in clothing narrowed to 0.5%. The total export volume of key commodities knitted garments increased by 10.2%, and the average unit price of exports fell by 10.3%. Cumulative exports to the EU from January to November were US$45.02 billion, a decrease of 5.5%, of which textiles increased by 2.3%, clothing decreased by 7.7%, total export volume of knitted clothing increased by 1%, and export unit price decreased by 9.1%.

According to EU statistics, the EU’s imports of textiles and clothing from the world dropped slightly by 0.5% from January to October, of which imports from China fell by 6.9% and imports from ASEAN increased by 6.2%. The share of Chinese products in the EU market dropped to 34.8%, while that of ASEAN rose to 10.4%.

United States—Exports to the United States resumed growth that month, and the market gradually stabilized.

After seven consecutive months of negative growth, exports to the United States finally saw a weak growth of 0.8% in November, with textiles growing by 18.2% and clothing falling by 5.1%. The export volume of needle-woven garments for major commodities returned to growth of 6.4%, but the export unit price fell faster, with a decline of 13.4% that month.

Cumulative exports to the United States from January to November were US$41.21 billion, down 5.7%, of which textiles fell by 3.3% and clothing fell by 6.5%. The export volume of needle-woven garments fell by 2.1%, and the average export unit price fell by 3.6%.

According to U.S. statistics, U.S. imports of textiles and apparel from the world fell by 5.3% from January to October, and imports from China and ASEAN dropped by 8.2% and 3.9% respectively. Chinese products have a market share of 37% in the United States and 20% in ASEAN.

ASEAN-Export volume continues to rebound, and the unit price of clothing exports continues to decline.

Exports to ASEAN still fell by 11.4% in November, but the export volume continued to rebound. Exports in the month were US$3.03 billion, a month-on-month increase of 5.6%. The year-on-year decline was mainly dragged down by clothing. Textile exports increased by 1.6% that month, while clothing fell by 33.5%. Among the major categories of commodities, yarn and fabrics increased by 13.5% and 1% respectively. The export volume of knitted and woven garments decreased by 13.6%. The export unit price continued to decline, with a decrease of 23.9%. From January to November, China’s cumulative exports to ASEAN were US$30.38 billion, a decrease of 5.2%, of which textiles increased by 2.7% and clothing decreased by 21.3%. Among them, the export volume of needle and woven clothing decreased by 6%, and the average export unit price decreased by 17.4%.

Exports to the Philippines continued to grow, with an increase of 6% in November and a cumulative increase of 40% from January to November.

Japan – The decline in exports to Japan narrowed, and the volume of clothing exports fell at par.

Exports to Japan continued to decline, falling by 4.7% in November, and the decline gradually narrowed. Among them, clothing dropped by 6.3%. The total export volume of needle-woven clothing, a key commodity, dropped by 0.5%, which was basically the same. The export unit price dropped by 5.8%. Cumulative exports to Japan from January to November were US$18.73 billion, a decrease of 5.7%. Among them, textiles decreased by 1.8%, clothing decreased by 6.7%, the total export volume of needle and woven clothing decreased by 1.2%, and the average export unit price decreased by 5.3%.

According to Japanese customs statistics, Japan’s imports of textiles and clothing from the world fell by 1.2% from January to October, imports from China fell by 5.4%, and imports from Japan fell by 5.4%.�Imports increased by 8.2%. The share of Chinese products in Japan has dropped to 61.8%, and the share of ASEAN products has increased to 23.1%.

4. Textile exports rebounded rapidly, and commodity export prices continued to decline.

After two consecutive months of decline, textile exports rebounded rapidly in November. Exports for the month were US$9 billion, an increase of 3.9%. Yarn grew the fastest, with an increase of 10%. All except woolen yarns achieved growth. Clothing decreased by 5.9%, of which the total export volume of needle and woven clothing increased by 4.6%. The unit price of exports of major commodities continues to fall and is still hovering at a low level. The export unit prices of yarn, fabrics and knitted garments fell by 3.6%, 12.2% and 7% respectively.

From January to November, textile and clothing exports fell by 2.7% and 6.7% respectively, of which yarn and fabrics fell by 0.8% and 3.3% respectively, and finished products fell by 2.4%. The total export volume of needle and woven garments decreased by 0.1% and was basically the same. The export unit prices of major categories of commodities fell rapidly, with yarn, fabrics and needle-woven garments falling by 13%, 8.5% and 7% respectively.

5. Jiangsu and Zhejiang in the eastern region took the lead in rebounding, while Sichuan and Hunan in the central and western regions grew rapidly.

Among the major exporting provinces and cities in November, Zhejiang and Jiangsu took the lead in rebounding and rebounded, with exports increasing by 5.3% and 12% respectively. Guangdong and Fujian still declined rapidly, falling by 7.5% and 10.1% respectively. Exports from some central and western regions have maintained rapid growth. Xinjiang’s export growth rate was between 10-20% from August to October, and reached 53% in November. Sichuan and Hunan’s export growth rates have continued to maintain more than double.

From January to November, only 7 provinces and cities across the country achieved export growth, 6 of which were concentrated in the central and western regions, while all in the east, except Tianjin, declined. Among the top five exporting provinces, Zhejiang and Fujian fell by 5.5% and 7.5% respectively, exceeding the average decline. Jiangsu and Shandong experienced relatively smaller declines, with declines of 0.6% and 0.1% respectively.

6. Textile imports stopped falling and rebounded, and cotton yarn imports increased again.

Textile and clothing imports increased for the first time in the year in November, which was mainly driven by a 9.4% increase in textiles. Textile imports stopped falling and rebounded. The import volume for that month reached 1.56 billion US dollars, the highest in the year. Among them, yarn and finished products increased by 17.3% and 11.8% respectively, while fabrics decreased slightly by 0.6%. It is noteworthy that cotton yarn imports rebounded again that month, with import volume and value increasing by 12% and 19% respectively. Clothing fell by 1.6% that month, of which the total import volume of needle and woven clothing increased by 1.2%, and the import unit price fell by 2.3%.

From January to November, the cumulative import of textiles fell by 13.1%, and that of clothing increased by 1.3%. In textiles, yarn, fabrics and finished products dropped by 19%, 11% and 3.4% respectively. The cumulative import volume and price of the main imported commodity cotton yarn Decreased by 18% and 5.1% respectively; the total import volume of medium-needle and woven clothing increased by 5.8%, and the import unit price decreased by 3.6%.

7. Cotton import volume fell and prices rose, and the price gap between domestic and foreign cotton expanded.

Both cotton import volume and import unit price rebounded in November. 55,000 tons were imported that month, a year-on-year decrease of 34.9%, a month-on-month increase of 34.1%, and the import unit price increased by 1.8%. From January to November, the cumulative import volume was 753,000 tons, a decrease of 41.5%, and the import unit price fell by 1%.

In November, the amount of new cotton on the market increased, the acquisition and processing progress accelerated, and the market had abundant resources. However, due to the obstruction of Xinjiang cotton export, the spot transaction price rose steadily. There was no centralized procurement by textile companies during the month. Due to the inversion of purchases and sales, the survival of some textile companies in the market was tested. The international market was mixed, fluctuating and rising slightly, and the linkage between domestic and foreign cotton prices increased. In November, the use of new cotton by textile enterprises increased significantly, and the spot price of lint cotton increased steadily. In the middle of the year, the increase was amplified due to the reduction in the export of cotton from Xinjiang. China’s cotton price index (CCIndex3128B) was 15,999 yuan/ton at the end of the month, an increase of 641 yuan/ton from the end of last month, an increase of 4.17%. The average monthly transaction price was 15,663 yuan/ton, a month-on-month increase of 348 yuan/ton, and a year-on-year increase of 2,697 yuan/ton.

In November, the international cotton market was affected by various factors such as the decline of the U.S. dollar index, insufficient supply of new flowers in India, and USDA’s increase in U.S. cotton production. Futures and spot cotton prices were mixed, showing a volatile trend, with the center of gravity slightly higher than the previous month. shift. China’s imported cotton price index FCIndexM has a monthly average of 79.76 cents/pound, a slight increase of 0.44 cents from the previous month. The 1% tariff discount is RMB 13,966/ton, which is lower than the Chinese cotton price index of 1,697 yuan/ton in the same period. The price difference is higher than that of the previous month. Shrink 98 yuan. The discounted RMB for the sliding tax is RMB 15,301/ton, which is lower than the Chinese cotton price index of RMB 362/ton during the same period.

AAA

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