In January, China’s textile clothing exports fell, and the RMB exchange rate fluctuated sharply.
In January 2018, China's textile and apparel trade volume was 25.36 billion US dollars, down 1.2% year-on-year, of which exports were 23.11 billion US dollars, down 3.3%, and imports were 2.25 billion US dollars, up 28.8%. The trade surplus of the month was 21.86 billion US dollars, down 5.8%.
The exchange rate of the RMB exchange rate is very different.
In the 2018 opening year, the renminbi against the US dollar showed a sharp and rapid appreciation. In January, the renminbi rose by 3.5% against the US dollar, the largest monthly increase since the 1994 exchange rate was merged. Affected by this, the textile and apparel exports in the month fell again after four consecutive months of growth, while imports showed rapid growth and the trade surplus decreased compared with the same period last year.
Major trade exports decline, border small trade highlights
In January, the export value of general trade and processing trade decreased by 2.1% and 6% respectively, and other trade methods dominated by market purchases decreased by 38%. Small-scale trade at the border has sprung up, a sharp increase of 70% year-on-year.
In terms of imports, all major trading methods have achieved growth, and the growth rate has reached or exceeded 20%.
Textile exports increased, the price of large needle woven garments fell
The export of textiles continued to grow. The export value of yarns, fabrics and finished products of large categories increased by 30%, 1.8% and 1.3% respectively. The export value of cotton yarn and chemical fiber yarn in yarn increased by more than 30%, and the export volume increased. Prices have all improved. The total export volume of knitted garments and woven garments of clothing category decreased by 5.5% year-on-year, and the export price was still in decline. The average price decreased by 5.5%.
Guangxi and Xinjiang exports increased to Shanghai, ranking first in the country
In January, among the top five exporting provinces and cities, only Fujian textile and apparel exports increased by 13.3% year-on-year, and the other four provinces all experienced negative growth. Guangxi’s exports by border trade have nearly doubled, and Xinjiang continues to rise, up 11% year-on-year. In terms of imports, the major importing provinces of Shanghai, Guangdong and Jiangsu all achieved growth of over 20%. Shanghai textile and apparel imports have continued to grow in recent years, with a year-on-year growth of 5% from 2012 to 2017. In 2017, Guangdong surpassed Guangdong to rank first in the country.
Export
The decline in exports to the EU has fallen to the top of the UK
In the first month, my textile and apparel exports to the EU reached US$4.06 billion, down 7.2% year-on-year. Among them, textiles and clothing decreased by 1.4% and 9.4% respectively, and the total export volume and price of needle woven garments in clothing decreased by 9.4% and 0.3% respectively. The export of textiles and clothing to the UK fell by 32% year-on-year, almost becoming the largest drop among the 28 EU countries.
According to EU customs statistics, in 2017, the EU imported 129.87 billion US dollars of textiles and clothing from the world, a year-on-year increase of 3.8%, and imports from China reached 44.13 billion US dollars, an increase of 1.8%. Imports from ASEAN and Bangladesh increased by 10.8% and 4.5% respectively. The share of Chinese products in the EU market is 34%, down 0.6 percentage points from 2016.
Relatively stable clothing volume in the US market
Since last year, the US market has remained relatively stable and there has been no ups and downs. In the first month of 2018, my textile and apparel exports to the US were 3.89 billion US dollars, down 5% year-on-year. The overall situation is better than the EU and Japan. The export value of textiles and garments decreased by 0.8% and 6.5% respectively year-on-year. The total export volume and price of needle-woven garments in clothing fell, with a year-on-year decline of 7.4% and 0.9% respectively.
According to US Customs statistics, in 2017, the United States imported a total of 116.94 billion U.S. dollars of textiles and clothing from the world, a year-on-year increase of 0.9%, of which imports from China were 42.49 billion U.S. dollars, down 0.6% year-on-year. Imports from ASEAN, India and Mexico increased by 2.9% respectively. , 3.1% and 5.8%. Chinese products accounted for 36.3% of the US market, down 0.6 percentage points from 2016.
The only way to achieve growth in apparel prices in ASEAN
Despite the impact of exchange rate fluctuations, the pace of China's textile and apparel exports to ASEAN has not stopped, and ASEAN has become the only major market for growth in the month. The export value was 3.32 billion US dollars, a year-on-year increase of 25%, of which textiles and clothing increased by 17.3% and 49% respectively.
The fastest decline in the price of clothing in Japan
In January, the amount of textile and apparel exports to Japan fell rapidly, with a year-on-year decline of 17%. The export value of textiles and clothing decreased by 8.8% and 19% respectively. Among them, the decline in clothing was mainly caused by the decrease in the number. The total export volume of needle woven garments dropped by 22% year-on-year, and the export unit price increased by 3%.
According to Japanese customs statistics, Japan’s textile and apparel imports totaled US$36.59 billion in 2017, up 0.8% year-on-year, of which US$22.24 billion was imported from China, down 0.8% year-on-year, and 6% year-on-year from ASEAN. The proportion of China's product market fell to 60.8%, down 1 percentage point from 2016.
import
Imports of large categories of goods achieve rapid growth EU and ASEAN are major growth markets
In January, the import value of textiles and clothing reached rapid growth, with a year-on-year increase of 27% and 32% respectively. The import value of large-scale commodity fabrics, finished products and needle woven garments exceeded 30%. The fastest-growing market for imports is concentrated in the EU and ASEAN, with imports from these two regions increasing by 57% and 49% respectively.
Imports of cotton continue to climb, and the price difference between domestic and foreign cotton has broken 1,000 yuan.
Imports of cotton continued to climb in January, and both quarter-on-quarter growth. The import volume was 134,000 tons, an increase of 16.5% year-on-year and an increase of 33.5% from the previous month. The average import price increased by 6.7% year-on-year, which was flat.
According to the China Cotton Association monthly report, in January, the market resources were abundant, and cotton companies were eager to withdraw funds and reduce sales quotations. In March, reserve cotton is about to be launched. Textile companies are waiting to see a strong sentiment, and a small amount of selective purchases. Under the oversupply pattern, the spot price fell first and then stabilized, and the overall shock declined slightly. The average monthly transaction price of China Cotton Price Index (CCIndex 3128B) was 15,680 yuan / ton, down 109 yuan / ton, down 103 yuan / ton.
The international market is intertwined with long and short factors, and the price fluctuates. The spot price difference between domestic and foreign cotton is small. China's imported cotton price index FCIndexM was 90.26 cents/lb, up 4.63 cents. After the price difference with the China Cotton Price Index fell below 1,000 yuan in December, most of the time in January fluctuated below 1,000 yuan, the monthly average price difference was 742 yuan / ton, the chain narrowed 823 yuan / ton.
Editor in charge: Xu Yuehua
Shaoxing Ruier Imp. & Exp. Co.,Ltd , https://www.pasafancyfabric.com