This year's textile and garment trade, why the uptrend?

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Since the beginning of this year, our textile and garment exports, on the basis of last year's high base, continued steady growth. According to the General Administration of Customs, the global export of textile and apparel in July was $33.22 billion, up 17.6 percent year on year.

Since the beginning of this year, our textile and garment exports, on the basis of last year's high base, continued steady growth. According to the General Administration of Customs, the global export of textile and apparel in July was $33.22 billion, up 17.6 percent year on year.

In the first quarter of this year, the growth rate of China's textile and garment exports slowed down due to the combination of circulation blockage and rising costs.

Since the meeting of the Political Bureau of the CPC Central Committee held at the end of April proposed to "stabilize the basic plate of foreign trade and foreign investment", the central, local departments and market players have joined hands to coordinate epidemic prevention and production, jointly stabilize the industrial chain and supply chain, and actively improve their competitiveness. The textile and garment industry has made great efforts to break out of the challenges of the epidemic.

Textile and garment exports grew by double digits

In the workshop of Yi Lifeng Industrial Co., in Shangrao, a city in China's interior province of Jiangxi, more than 100 workers were seen busy, as pieces of fabric slid from pulsating knitting needles into windbreakers.

These clothes have become bestsellers in the Japanese market after they are shipped from Shanghai or Xiamen ports. Bucking the trend, shipments to Japan rose 30% year on year in the January-May period, said Huang Manxin, the company's customs manager.

The success of Yi Li Feng is the epitome of our textile and garment industry to overcome the difficulties and grow against the trend. From January to July this year, China's textile and garment exports reached $189.35 billion, up 12.4 percent year on year.

According to Li Kuiwen, spokesman of the General Administration of Customs and director of the Department of Statistical Analysis, the main factors supporting the growth of our foreign trade are as follows:

First, the international market demand is relatively stable. Despite increased risks from the COVID-19 pandemic and the external environment, market demand has not declined significantly.

Second, domestic production has strong resilience and full potential. Driven by the policy of stabilizing growth, we ensured sufficient supply to provide strong support for export growth.

Third, under the impact of the epidemic, some regions quickly resumed work and production, effectively stabilizing the basic trade. 4) Market entities were effectively energized. With the effective implementation of the national package of policies and measures to stabilize the economy, efforts to ensure stability and improve the quality of foreign trade were accelerated, and the vitality of the main players in China's foreign trade market was effectively stimulated.

Brokerage research report said, cotton, chemical fiber materials and other raw materials price shock downward, superposition RMB depreciation, textile manufacturing enterprises profit optimization space to open, continue to be optimistic about the second half of the textile manufacturing enterprises in the profit level of performance. Sports apparel direction boom degree is still high, performance is expected to continue ahead of the overall industry.

Show resilience to overcome the bottlenecks of overseas demand

The CPC Central Committee and The State Council attach great importance to foreign trade and foreign investment. Since the beginning of this year, we have introduced a series of policies and measures to stabilize foreign trade and foreign investment. We have clearly called for great efforts to help foreign trade and foreign-invested enterprises maintain normal production and operation and help solve difficult problems such as supply chains.

Textile and garment enterprises have responded to market uncertainties with resilience. While making full use of government bailout policies, they have helped themselves and taken the initiative to find funds, strengthen science and technology, and expand the market, showing their strong vitality and survival ability under the epidemic.

A person in charge of a textile and garment enterprise in Jiangsu said that the current foreign trade environment is still complex and the difficulties encountered by enterprises.

On the one hand, persistent inflation in the United States and Europe and market confidence is low, and there may be fears that orders will be cut as demand shrinks.

On the other hand, the sea freight price is still high. The profit margin of textile and garment products is not high already. The value of a container of goods is almost equal to the sea freight price.

Faced with the lack of confidence in the European and American markets, the face-to-face communication of foreign trade enterprises is particularly important. In early May, due to the inconvenience of foreign businessmen coming to China, a person in charge of an enterprise from Zhejiang Province went to the United States to learn about customers' needs face to face, overcoming the difficulty of "getting one ticket".

He said, I got a lot of first-hand information that I could not get remotely from my clients. The pandemic has made the product somewhat disconnected from the market, and only by fully understanding the market needs can we survive in adversity."