Textile Exports Showed Negative Growth. Industry "Winter" Came Ahead Of Schedule.
The global economic recession, the financial tsunami hit, the export oriented economy accounted for more than 85% of Dongguan's okay?
Yesterday, the Dongguan customs informed reporters about the import and export situation of Dongguan in the first three quarters. The data show that Dongguan's foreign trade is still growing, an increase of 15.5% over the same period last year, and the growth rate is higher than the average level of the whole province. Dongguan's import and export value is second only to Shenzhen, ranking second in the province. But at the same time, the traditional big industry textile industry encountered cold current, import and export both fell into negative growth. People in the industry lamented that export orders are now falling sharply, and domestic sales are not good. They can only wait for the spring.
No recession in foreign trade
Dongguan customs yesterday announced that in the first 3 quarters of this year, the total value of Dongguan's foreign trade and import and export amounted to US $87 billion 920 million, an increase of 15.5% over the same period last year, and the growth rate was 2.2 percentage points higher than that of the whole province. It accounted for 17% of the total foreign trade value of the same period of the whole province, ranking only behind Shenzhen (43%), ranking second. In 9 months, Dongguan also achieved a trade surplus of US $11 billion 720 million, an increase of 33.2%, accounting for 13.8%. of the province's foreign trade surplus over the same period.
Among the Dongguan's foreign trade partners, the top three are still Hongkong, the United States and the European Union, with an increase of 14.9%, 11.4% and 20.8% respectively, showing no signs of recession. Dongguan is a processing trade. It is still dominated by processing trade, mainly OEM, but the general trade advocated by the industry (mostly branded products) is catching up. Dongguan customs analysis showed that processing trade in Dongguan increased by 13.7%, accounting for 87.8% of Dongguan's total foreign trade, while general trade grew very fast, reaching 36.8%, but with a small base, it accounted for only 8.1%.
Textile industry exports increased negatively by 11.9%
Customs officials said that in 2008, more than half of Dongguan's foreign trade trend was good. "But now the US subprime mortgage crisis has set off a financial tsunami, soaring international resources market prices, rising labor costs and continued appreciation of the renminbi will be an urgent problem for Dongguan to realize pformation and upgrading in a certain period of time." These shadows are also reflected in the data released yesterday by the customs.
Yesterday, Dongguan Customs issued the top 10 import and export commodity dynamics. Most of the top 10 commodities still showed growth, of which Dongguan exports of game products also surged 120.9%., but not all industries were optimistic. The reporters found that textile yarns, fabrics and products had negative growth both in import and export. According to Dongguan customs statistics, in the first three quarters, Dongguan textile yarn, fabrics and products imported 1 billion 170 million yuan, a negative growth of 7.7%; exports 1 billion 380 million yuan, a negative growth of 11.9%. in the top 10 of the goods, only the textile industry is a double negative growth, more than other industries feel the cold early.
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Dongguan textile yarn, fabrics and products imports 1 billion 170 million yuan, a negative growth of 7.7%; exports of 1 billion 380 million yuan, a negative growth of 11.9%. in the top 10 of the goods, only the textile industry is a double negative growth, more than other industries feel the cold early.
Textile industry dilemma
What's wrong with the textile industry this year? The industry estimates that it will not get better until 2010, and now it has to face a long winter. Textile industry has been very popular in Dongguan. Why is it so sad this year? In 2003, Dongguan became "China's textile industry base city", and has two shiny signboards of Humen's "Chinese women's clothing town" and Dalang's "Chinese sweater town". Textile and clothing are not separated, and the textile and garment industry has long been the top three in Dongguan's eight pillar industries.
Shrinking consumption in Europe and America
Yesterday, Chen Kunshan, chairman of Dongguan song Cotton Clothing Co., Ltd. told reporters that the subprime mortgage crisis caused consumption in Europe and the United States to decline. This year, the textile and garment industry is particularly hard. "Export orders have fallen sharply, only around 60% in 2007. Enterprises have to lay off workers to reduce costs and reduce production. " A survey report of Dongguan textile and garment industry association shows that 60% of Dongguan's textile and garment exports are exported, with only 40% domestic sales. European and American markets account for most of the export market. Now everyone in Europe and the United States is nervous about their pockets and consumption, which affects Dongguan's textile and garment industry.
Poor purchasing power and poor domestic sales.
Nevertheless, the textile and garment industry is not the highest proportion of the export industry in Dongguan. The toy industry also expressed admiration for the textile and garment industry, saying that the textile and garment industry is the only mature industry in Dongguan. Dongguan textile and garment industry has a large number of independent brands, such as "YISHION", "pine Eagle" and other brands are also well-known throughout the country. In the toy industry, the well-known independent brands are not, nor even the enterprises that make their own brands. But people in it have different opinions. "In fact, the domestic market is not easy to do, mainly because the purchasing power is too bad." Chen Kunshan said he estimated that the industry would not get better until 2010, and now it is a long winter.
Government regulation and elimination of polluting enterprises
Some people also pointed out that there is another reason for the decline in the import and export of textile industry, that is, the regulation of the textile industry by the government. Especially in the textile industry, the pollution of printing and dyeing links is very large. Dongguan's largest printing and dyeing enterprise, Fu'an printing and dyeing, was forced to move out of Dongguan's Changan town government because of stealing pollutants and refusing rectification. The elimination of import and export data at the expense of environmental protection has also pushed the textile industry's foreign trade data to a negative growth.
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