Foreign textile industry out of the bottom

Customs Department has released the first quarter of this year, China's foreign trade imports and exports. According to customs statistics, from January to March, import and export value of 617.85 billion U.S. dollars in China, up 44.1% over the same period last year. Exports 316.17 billion U.S. dollars, up 28.7%; imports 301.68 billion U.S. dollars, up 64.6%; trade surplus was 14.49 billion U.S. dollars, 76.7% reduction.

According to the Customs Department in March 2010 provided by key national export value of goods were collected and analyzed and found that the biggest increase year on year export amount of industry are machinery, Textile Clothing , Home Appliances , Steel Four major sectors.

Export data: the first quarter of 2010, China's total textile and apparel exports 39.246 billion U.S. dollars, up 15.20%. Among them, total textile exports 15.207 billion U.S. dollars, total apparel exports 24.039 billion U.S. dollars, the growth rate was 26.54% and 9.03%, continuing an upward trend in export value, and more than 2008 years ago. Textile, apparel exports in March year on year growth rate was 6.68% and -19.86%, while in March the previous month, exports growth rate of aggregate growth in February compared to a larger degree of decline. Status

industry: from the second half of 2008, subject to Financial Since the crisis of 9 months, textile, garment export growth to a "crossover" phenomenon, that is, textile export growth decline was started from October 2008 the export growth rate fell more than clothing. From the September 2009 start, textile export growth rate began to decline less than the decline in apparel export growth, which indicates that foreign textile industry gradually began to slowly turning the corner.

After the financial crisis, due to the rapid decline in the demand for high-end apparel, textile products have caused decline in growth rate declined greater than the extent clothing. At present, the textile apparel exports grew faster than the growth rate, this situation has been going on for 6 months, and entered the 2010 textile exports reached 15.207 billion U.S. dollars, more than 2008 levels over the same period in 2008 compared to 14.614 billion U.S. dollars, net of price and other factors, textile exports have recovered to 2008 levels. This shows that with the international demand, especially in Europe and the United States began to improve, the global textile industry operating rates rise further, the global textile industry boom of the continued upward trend.

Market that, with the second half of 2009 to the raw material prices, business inventories of raw materials essential depleted, higher raw material costs will encourage manufacturers to further price hikes, transfer of raw material cost pressures. Future orders for the domestic textile and garment export prices will further increase. In the case of volume and price go up, the domestic textile and garment export growth rate will continue to maintain state, do not rule out the possibility that if Europe and the United States-than-expected economic recovery, the annual growth of textile and garment exports is likely more than 10% of the market expectations.

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