China'S Textile And Clothing Exports All Year Round Structural Decline

According to customs statistics, in 2015, China

product

The total trade volume was 309 billion 510 million US dollars, down 4.8%.

283 billion 900 million dollars, down 4.9%.

25 billion 610 million dollars, down 3.5%.

The cumulative trade surplus was 258 billion 290 million US dollars, down 5%.

Overview of the situation: annual import and export exports are down, and now the structure is down.

In 2015, China's foreign trade suffered another "cold spell", the first time in 6 years since the global financial crisis in 2009.

As a representative of labor-intensive products, textiles and clothing bear the brunt. Exports declined by 4.9% throughout the year and imports dropped by 3.5%, of which exports declined more than the national trade in goods and the trade surplus also fell again.

The reason for this decline is different from that in 2009, and 2009 is due to global emergencies.

The crisis led to a sharp contraction in the volume of trade. The decline in exports in 2015 was due to the structural decline caused by the disappearance of China's traditional export advantage and the superposition of internal and external disadvantages. The decline in imports was mainly attributable to the slowdown in domestic economic growth and insufficient demand.

Trade structure: trade mode is diversified, new trade platform emerges.

In 2015, China's textile and clothing trade structure was further optimized. The proportion of general trade imports and exports was 76.9% and 51.5%, respectively, 3 and 1 percentage points higher than that in 2014.

The emerging market purchasing trade mode has been developing rapidly in the middle of the year. The total export volume of the "other trade" mode, which is mainly based on market purchasing trade, has reached 12 billion 280 million US dollars, an increase of 31.1%, and exports accounted for 4.3%.

Exports of major trade patterns declined, general trade decreased by 3.6%, processing trade dropped by 15.1%, border trade decreased by 20%, and general trade decreased by a minimum.

In terms of imports, the share of general trade imports exceeded that of processing trade in 2014, and the gap between the two countries further expanded.

In 2015, the proportion of general trade imports reached 51.5%, import volume increased by 2.5% over the same period, while the share of processing trade imports fell to 38.6%, down 12.3% from the same period last year, resulting in a negative pull on the overall import.

Business owners tend to optimize.

Private enterprises grew further, exports amounted to US $188 billion 980 million, and the export of 2/3 in China came from private enterprises. The share of state-owned enterprises and foreign-invested enterprises dropped to 11.5% and 21.7% respectively.

The export of foreign-funded enterprises fell most rapidly, with a drop of nearly 10%, while state-owned enterprises dropped by 7.7%, while private enterprises only declined by 2.9%.

The mode of foreign trade development has changed.

As an innovation model of import and export business, a comprehensive foreign trade service platform, such as "one Datong", was flourishing in 2015. Among the top 20 enterprises in the annual export number, such enterprises (including trade companies) accounted for nearly half, and doubled in 2014.

In the face of severe foreign trade situation, large and super large enterprises show stronger pressure resistance.

Of the more than 90 thousand export enterprises in the country, less than 1% of the large and super large enterprises with export volume of more than 50 million US dollars occupy 30% of the export share, and the total export is down 3.9%, the decrease is less than the average value.

The traditional market is generally depressed. The potential of "one belt and one road" shows a drop of nearly 10% to the European Union.

The EU economy has not yet fully stabilized, the development of the countries within the alliance is unbalanced, and the market is affected by political factors, which led to a fall in exports to the EU in 2015.

The total export volume in 2015 was 53 billion 130 million US dollars, down 9.4%.

Clothing declined by 10.3% and textiles decreased by 6.5%.

In the category of commodities, the total export volume of knitted and woven garments decreased by 10%, and the unit price fell by 1%.

In 2015, China's exports to most of the 28 countries in the League declined, while the top 10 countries only maintained 7.8% faster growth in Britain.

Growing bright spot for the US

The US market is relatively stable. In the past 10 years, China's exports to the US have always maintained growth.

In 2015, the United States became the only large traditional market to maintain export growth in China.

Exports to the United States for the whole year amounted to US $47 billion 740 million, and export volume rose to a record high, an increase of 6.7% over the same period last year.

Among them, clothing exports increased by 6.9%, total exports of knitted and woven garments increased by 8.4%, and the unit price dropped by 1.1%.

Textile exports increased by 6.2%, of which fabrics and finished goods increased by 6.1% and 6.8% respectively, and yarn decreased by 2.8%.

5 years of ASEAN Growth

China's export growth to ASEAN for 5 consecutive years ended in 2015, and exports to ASEAN for 35 billion 820 million US dollars, down 0.8%, mainly due to 12.5% decline in clothing exports.

In garments, the total export volume of knitted and woven garments decreased by 7.8%, and the unit price fell by 7.4%.

Textile exports maintained a 6.5% growth, of which fabrics and finished goods increased by 11.3% and 0.3% respectively, and yarn decreased by 12.3%.

The fastest drop in Japan

Japan's economic downturn, the appreciation of the RMB against Japanese yen, and the pfer of orders led to the decline in exports to Japan in 2015. The total export volume to Japan was 21 billion 650 million US dollars, down 11.7%.

Japan's share in China's export market decreased by 3.3 percentage points in 5 years, accounting for only 7.6%.

Textiles and clothing decreased by 9.5% and 12.2% respectively, of which the total volume of exports of knitted and woven garments, which accounted for a major share, dropped by 11.5%, and then reached a new low of nearly 10 years. The average unit price of exports dropped by 1.3%.

For emerging markets, the Middle East and Africa are moving better.

In the 2015, when the overall situation of foreign trade was not good and exports fell to normal, emerging markets and some "one belt and one road" countries showed a good trend, and exports to these areas could still maintain growth.

Among them, exports to the Middle East increased by 4.6%, to Africa by 5.2%, and to Latin America only by 4%.

The export of 28 countries along the "one belt and one road" has increased, of which 16 countries have increased their export growth by more than 10%, and these countries still have great market potential.

Three traditional market share both declined.

According to the EU customs statistics, in 2015 1~10 months, the EU imported $106 billion 290 million from global textiles and clothing, down 8.8%.

The EU has imported $39 billion 520 million of textiles and clothing from China, down by 10.2%, and the average speed has dropped.

Imports of textiles and clothing from ASEAN amounted to 10 billion 350 million US dollars, an increase of 0.1%.

China's textile and apparel market share in the EU was 37.2%, down 0.6 percentage points from the same period last year. ASEAN's textile and apparel market share in the EU was 9.7%, an increase of 0.8 percentage points over the same period last year.

Bangladesh, Turkey, India and Pakistan account for 36.8% of the total market share and gradually compete with China.

According to us customs statistics, in 2015, the United States imported textiles and clothing from the world for 122 billion 100 million US dollars, an increase of 4%, from China's imports of 46 billion 370 million US dollars, an increase of 3.4%, from ASEAN's imports of 24 billion 20 million US dollars, an increase of 7.1%.

The share of Chinese products in the US market is 38%, down 0.2 percentage points from 2014.

ASEAN textile market share in the United States was 19.7%, an increase of 0.6 percentage points over the same period in 2014.

According to Japanese customs statistics, in 2015, Japan imported $36 billion 840 million over the whole year, down 8.2%.

Among them, imports from China amounted to 23 billion 770 million US dollars, a decrease of 12.1%, a decline of over average, and an increase of 5.8% from ASEAN to US $7 billion 810 million.

The share of China's textile and apparel in Japan continued to shrink. After 2014 below 70%, it fell by nearly 3 percentage points to 64.5%, while ASEAN's share rose to 21.2% during the same period, an increase of 2.8 percentage points over the same period, of which Vietnam and Indonesia accounted for 13.5% of the total.

Export situation: knitted apparel dragged down overall decline, large category commodity export prices fell.

In 2015, garment exports accounted for 61% of China's textile and clothing exports, down 6.4%, of which the total export volume of knitted and woven garments decreased by 6.2%.

The relatively low price of knitted garments has been the main reason for the decline, export volume has dropped by 11.4%, and woven garments have maintained a 2.6% growth.

Textile exports dropped by 2.4%, of which only 0.7% of fabrics grew by a small margin, yarn and finished goods decreased by 8.8% and 4.2% respectively, and domestic textiles decreased by 9.8% in manufactured goods.

The average unit price of exports of all kinds of commodities decreased: Knitted and woven garments fell by 0.5%, yarn decreased by 9.2%, and fabrics dropped by 2%.

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The eastern region's export slows down most slowly, and Fujian has become a characteristic growth point.

In 2015, the export of most provinces (cities and districts) in China decreased. Among them, the eastern region was the traditional export place, which benefited from the strong flexibility and rapid response to the change of external environment. Its export slowed down at the slowest rate, only 1.6%, while the western and western regions decreased by 25.7% and 17.7% respectively.

Guangdong, Fujian and Guangxi, which ranked second, fourth, seventh in the key export provinces and cities, increased by 8%, 0.1% and 38.3% respectively. The three provinces all showed their respective growth characteristics: the rapid development of the market purchasing trade was positive for the export of Guangdong, and the proportion of the total exports accounted for 14% of the total exports through the market; the prosperity of the small border trade was carried out for Guangxi's export escort; Guangxi's small frontier trade exports grew 41% year on year; the market pulse was grasped, the share of exports to the United States was enlarged, the Fujian's invincible position was achieved, Fujian's exports to the United States increased by 12.3%, and its share in the US market exceeded 10%.

Import situation: textile imports dropped by 6.4%, cotton yarn imports reached a record high.

In 2015, import and export of textiles and garments declined in China, and the decline was more than in 2014, mainly due to the decline of textiles.

Textile imports dropped by 6.4%, of which yarn, fabric and finished goods decreased by 0.2%, 12.2% and 9.7% respectively, and fabrics fell the fastest.

Clothing imports increased by 6%, including imports of knitted and woven garments increased by 11%, and fur leather clothing increased by 35.2%.

Owing to the problems of cotton price difference at home and abroad, the quota quota of imported cotton and the uneven quality of domestic cotton, the import of cotton yarn has maintained a rapid growth, with an annual import volume of 234.5 tons, a record high, an increase of 16.6% over the same period last year.

The unit price of imports of large commodities decreased, yarn decreased by 10.1, cotton yarn decreased by 12.2%, fabrics decreased by 4%, and knitted and woven garments decreased by 3.3%.

Cotton imports hit a new low of nearly ten years

In 2015, China's cotton imports continued to slash, due to lower demand, weaker exports and huge inventory. In the whole year, it imported only 1 million 475 thousand tons, a new low of nearly 10 years, a year-on-year decrease of 40%, and an average import price of 1740 US dollars / ton, down 15%.

According to the China Cotton Association statistics, in early 2015, China's cotton price index CCIndex (3128B) was around 13600 yuan / ton, then began to decline continuously, and it closed at 12922 yuan / ton in December 31, 2015, down 683 yuan, or 5%.

The price index of China's imported cotton, representing international standard grade spot, was 71.50 cents / lb in December 31st, a slight increase of 0.14 cents in the end of 11 in the same year, and a discount of 11677 yuan / ton under the 1% tariff, which is lower than that of the Chinese cotton price index for the same period of 1245 yuan / ton, a decrease of 117 yuan from the same period last month, and a sliding tax discount of RMB 13916 yuan / ton, which is higher than the Chinese cotton price index of 994 yuan in the same period, and the price difference widen 77 yuan from last month.

The difference between domestic and foreign cotton prices continued to narrow, and the advantage of foreign cotton prices further weakened.

Industry into a deep adjustment period, export reduction is inevitable.

There were many reasons for the decline of textile and clothing exports in 2015. There was no substantial improvement in external and market demand. The EU and Japan's economy had been in a doldrums. The economic development of the EU member countries was unbalanced, the unemployment rate in Greece and other countries continued to be high, and the consumption demand of the people was limited. The total import of Japanese products declined in recent years, and the speed of industrial pfer accelerated, and the share of Chinese products in Japan continued to decline. The ASEAN market also failed to continue the upward trend in the previous years, and fell rapidly. The Russian market fell sharply, and the US market remained relatively stable.

Although steady growth measures have been gradually launched, the short-term results are not significant.

There is little room for growth solely relying on policies.

Problems such as rising labor costs, increasing environmental pressure, and financing difficulties of SMEs still exist and become increasingly prominent. The passive appreciation of the renminbi against non US dollar has further reduced the competitiveness of China's exports.

At present, the overall development of China's foreign trade is facing a new situation. Textile and clothing, especially the garment industry, as labor-intensive products, need to go through a longer time to achieve the pformation of growth momentum. In the next 35 years, it is an important period for China's textile and garment industry to make deep adjustments, and the decline in export volume will become inevitable.

Despite the complex and grim situation, the pressure of export downward has increased, but exports to 2016 need not be pessimistic.

At present, from the government to enterprises at all levels, we are actively seeking ways to find countermeasures.

From the government level, the steady growth policy will continue to exert force after landing, and provide more relaxed conditions for exports.

Encourage local commerce departments to accelerate the application of new trade patterns and "Internet +", and stimulate new growth points of foreign trade.

From the enterprise level, large foreign trade enterprises accelerate "going out", seize the opportunity of "one belt and one road" to expand overseas layout, strengthen independent research and development capability and brand building, improve production efficiency, and create a scientific and effective supply chain management mode, pforming from traditional producers and intermediaries to full process service providers.

Under the guidance of large enterprises, the small and medium-sized enterprises should be driven to merge and reorganize and integrate local enterprises clusters, and take this as the core to form a new era of export advantage in terms of quality, structure optimization, technological innovation, and from "manufacturing" to "creating".

At the same time, the economic situation at home and abroad shows no signs of improvement, but it will not be further explored. The demand of the major economies will remain at a fairly high level. The market will be intensified, and enterprises will gradually increase their interest and efforts in exploring new markets and inject growth momentum into exports.

Taking all these factors into consideration, it is preliminarily estimated that textile and clothing exports will decline slightly in 2016 or maintain the same level as 2015.