In the first quarter, China's textile and clothing exports fell by 18%, and in March, textile export
In the first quarter, China's textile and clothing exports fell by 18%, and in March, textile exports improved
According to the statistics of the General Administration of customs, in the first quarter of this year, China's textile and clothing exports totaled 45.264 billion US dollars, down 17.7% year-on-year (15.9% year-on-year in RMB terms). Among them, the cumulative export of textiles reached US $22.694 billion, down 14.6% year-on-year (down 12.7% year-on-year in RMB terms); the cumulative export of clothing reached US $22.570 billion, down 20.6% year-on-year (down 18.9% year-on-year in RMB terms).
In terms of product categories, the export of the industry continues to show a trend of differentiation. According to the statistical caliber of the customs, the year-on-year decline in the export of textiles, including yarns, fabrics, home textiles, industrial products and other finished products, was 5.3 percentage points higher than that in the previous two months, and the decline in the export of downstream clothing products was 0.6 percentage points higher than that in the previous two months.
In March, China's textile and clothing exports reached US $15.43 billion, down 12.9% year-on-year (down 10.0% year-on-year in RMB terms). Among them, the export of textiles reached US $8.922 billion, down 4.9% year on year (down 1.7% year on year in RMB terms); the export of clothing reached US $6.508 billion, down 22.0% year on year (down 19.3% year on year in RMB terms).
Looking forward to the second quarter, affected by the global spread of the new crown epidemic, China's textile industry is facing severe challenges in "stabilizing foreign trade" and "stabilizing employment". The sudden cancellation or postponement of overseas orders brings high uncertainty to the operation of domestic textile enterprises which have resumed production, highlighting various practical problems in market demand, inventory, cash flow, etc. It needs the joint efforts of the government, enterprises and industry organizations to take various effective measures in time to win the "survival war" in the second quarter and enhance the industry's future development toughness.