In May, China's textile and apparel trade 25.38 billion US dollars, down 0.3 percent year on year, of which export turnover 23.41 billion US dollars, down 0.5% and imports 1.97 billion US dollars, an increase of 2%, the month trade surplus of $ 21.44 billion, down 0.7 percent year on year. From January to May, China's textile and apparel trade volume was 109.29 billion US dollars, which was basically the same as that of the same period of last year, of which exports were 99.91 billion US dollars, down 0.3%, imports were 9.38 billion US dollars, up 2.8%, and the accumulated trade surplus was 90.53 billion US dollars, down 0.6% year-on-year. .
The export situation is gradually becoming stable and small increases and decreases are expected to continue
In May, China’s textile and apparel trade volume fell slightly by 0.5%. It is expected that the textile and garment exports will gradually enter a stable period in the near future, basically maintaining a stable and small increase and decrease. There will be no major fluctuations in the future. It is expected that exports will remain flat or slightly increase in the second quarter.
In May, textile exports increased by 2% year-on-year, and clothing decreased by 2.3%. Among the large categories of commodities, yarns, fabrics and finished products all achieved a small increase of about 2%, and needle woven garments fell by 2.7%. From January to May, textile exports increased slightly by 0.8% year-on-year, clothing fell by 1.1%, yarns in the largest categories of goods grew fastest, with an increase of 2.8%, fabrics and finished products increased by less than 1%; The total export volume of garments increased by 3.1% year-on-year. The export unit price was dragged down by the relatively low price of knitted garments, with an overall decline of 4.7%, the price of knitted garments fell by 12%, and the export price of woven garments maintained a small increase of 1.1%.
The export performance of key provinces in China varied in May: Guangdong and Jiangsu maintained growth, Zhejiang stopped falling, and Fujian continued its downward trend. Shandong fell year-on-year and the chain fell. From January to May, Guangdong, Jiangsu and Shandong increased by 10%, 5.8% and 2.2% respectively in the top five regions, while Zhejiang and Fujian decreased by 0.4% and 16.3% respectively. Xinjiang, a key area of ​​“One Belt, One Road â€, grew by 26.1%, and its growth rate still ranks in the forefront of the country.
Tourism trade develops faster, traditional trade declines
In May, exports of general trade and processing trade fell by 5.2% and 11.1% respectively, and Other trade methods dominated by tourism trade and market procurement trade increased by 68.4%. From January to May, the export volume of general trade and processing trade decreased by 4.1% and 8.1% respectively, and other trades increased by 75.1%.
Since the beginning of this year, tourism trade has developed extremely fast. In the first five months of the cumulative export rankings, six companies from Guangzhou rely on tourism trade to rank among the top 20 exporters. These enterprises basically had no exports or extremely small exports during the same period last year. The export market is concentrated in Africa, the Middle East, and India.
In terms of imports, general trade increased by 10.2% year-on-year and processing trade decreased by 5.2%.
Export
EU exports decline narrowed continue to enlarge
Exports to the EU continued to increase, with exports of US$4.14 billion in May, down 2.1% year-on-year, and the decline was smaller than last month. Among them, clothing exports fell by 4.7% and textiles increased by 5%. In the clothing, the total export volume of needle woven garments rose to 650 million pieces (sets), which was basically the same as that of the same period of last year. From January to May, the cumulative export to the EU was 16.82 billion US dollars, down 3.1% year-on-year, of which textiles increased by 0.9% and clothing fell by 4.8%. Among the large categories of commodities, the total export volume of needle woven garments decreased by 0.9% year-on-year, and the average unit price of exports fell by 4.5%.
According to EU customs statistics, from January to April, the EU imported 39.72 billion US dollars of textiles and clothing from the world, down 4.7% year-on-year, and imports from China accounted for 31.4%, down 0.6 percentage points from the same period last year. Imports from the major source countries fell year-on-year, down 2.4% from ASEAN, 6.4% from China, and 2% and 7.8% from Bangladesh and Turkey, respectively.
Declining apparel exports to US prices
In May, China’s exports to the United States fell by 2.5%, mainly due to the 4.3% decline in clothing. From January to May, the cumulative export to the US was US$15.98 billion, a year-on-year increase of 0.7%. Among them, textiles grew by 4.8% and clothing fell by 1%. The total export volume of needle woven garments increased by 4.3% year-on-year, and the average export price of joints decreased by 5.7%.
According to US Customs statistics, from January to April, the United States imported 36 billion US dollars of textiles and clothing from the world, of which China accounted for 33.4% of the share, compared with last year. Imports from the world fell slightly by 0.6% year-on-year, and imports from China fell by 1.5% year-on-year. ASEAN, India and Mexico maintained their growth in exports to the United States.
Start to stabilize the ASEAN market
Among the key growth markets in the month, only ASEAN showed growth in May. In the same month, China’s exports to ASEAN reached US$3.32 billion, a year-on-year increase of 1.7%. From January to May, China’s cumulative exports to ASEAN totaled 13.51 billion U.S. dollars, down 2.5% year-on-year, of which textiles increased by 0.4% and clothing fell by 9.9%. The total export volume and export price of needle woven garments in garments fell by 4.4% and 8.5% respectively.
The number of exports to Japan’s rebound is not large
The basis for China’s rebound in exports to Japan is still not stable. In May, China’s trade in textiles and apparel exports to Japan was 1.38 billion U.S. dollars, down 6% and 21.1% year-on-year and respectively, while textiles and clothing fell 6.7% and 5.8% respectively. From January to May, China’s total exports to Japan totaled 7.88 billion U.S. dollars, a year-on-year increase of only 0.4%, of which textiles increased by 2.5%, clothing decreased by 0.1%, and the total export volume of large-sized commodity needle-woven garments increased by 5.5% year-on-year. Decreased by 5.1%.
According to Japanese customs statistics, from January to April, Japan’s textile and apparel imports were US$ 11.85 billion, and China’s share was 60.5%, down 1.2 percentage points from the same period last year, and it fell below 60%. The volume of textile and apparel trade imported from the world decreased slightly by 0.4% year-on-year, of which imports from China fell by 2.4% and from ASEAN by 5.9%.
import
Clothing drives the overall import to resume growth
Driven by the increase in the import of clothing, in May, the overall import volume of China's textile and apparel industry resumed a year-on-year growth of 2%, clothing increased by 12.5%, and textiles decreased by 1.3%. Among the large categories of goods, the import volume of yarns and fabrics decreased significantly year-on-year, and the unit price of imports increased rapidly. The import of needle woven garments still shows an increase in price.
From January to May, imports of textiles and clothing increased by 2.5% and 3.5% respectively year-on-year. The yarns and textile products of large categories of goods achieved an increase of 8.2% and 2.6% respectively, and needle-woven garments increased by 1.7%. Only fabrics fell by 5%.
Imports of cotton in the off-season have dropped significantly
In May, cotton imports fell significantly from the previous months. In the same month, only 85,000 tons were imported, a decrease of nearly 20% from the previous month. The unit price of imports has maintained an increase. The average unit price of imports for the month was US$1,943/ton, an increase of 17.1%. From January to May, the cumulative import was 565,000 tons, an increase of 57.6%, and the average import price increased by 9.6%.
According to the monthly report released by the China Cotton Association, May has entered the traditional low season of textiles, but the raw materials inventory of textile enterprises is relatively low, there is demand for replenishment, and the company believes that the supply of Xinjiang cotton is insufficient in the future, so it has increased the procurement of cotton. Drive the domestic cotton spot to rise moderately. China's cotton price index (CCIndex3128B) was 16,077 yuan / ton at the end of the month, up 128 yuan / ton from the end of last month. The average monthly transaction price was 16032 yuan / ton, up 160 yuan / ton, up 3521 yuan / ton.
On the international front, due to a variety of factors, the spot market has fluctuated sharply, and the spot price difference between domestic and foreign cotton has expanded. China imports cotton price index FCIndexM month were 87.66 cents / pound, down 0.27 cents, at the end of the last trading day was 86.94 cents / lb, end of last month fell 1.61 cents / lb, equivalent to RMB 1% tariff 15220 Yuan/ton, lower than the China cotton price index of 857 yuan / ton in the same period, an increase of 507 yuan from the previous month.
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