There Are Worries Behind The Revival Of Clothing Exports In Guangdong.

The latest statistics of Guangdong's export trade show that in January and February this year, toy exports in the province continued to grow and grew, and the value of exports rose by nearly 50% in February.

Clothing exports also showed a resumption of growth.

The statistics released by Guangzhou customs in March 15th showed that in 2010 1 to February, Guangdong toys exported 720 million US dollars, an increase of 26.3% over the same period last year.

Among them, exports in February amounted to 330 million US dollars, an increase of 47.1%.

From the point of view of exports, Guangdong exported toys to the United States 260 million US dollars, an increase of 14.5%, accounting for 36.1% of the total value of toy exports in Guangdong over the same period. During the same period, exports to the EU were US $170 million, an increase of 26.6%, accounting for 23.6%.

In addition, exports to Hongkong and ASEAN were 69 million 730 thousand US dollars and 51 million 490 thousand US dollars respectively, increasing by 21% and 1.1 times respectively.

The customs reminds us that although Guangdong's toy export situation shows signs of improvement, the development of Guangdong toy enterprises is still facing multiple constraints.

First, the European and American economies are recovering slowly and the market demand is hard to grow rapidly in the short term.

At the same time, trade barriers continue to escalate and increase the difficulty of export.

In addition, raw material prices and labor costs rise, compressing the export profit margins of enterprises.

At the same time, Guangdong garment exports resumed growth from 1 to February this year, especially for most of the commodities exported to ASEAN this year to achieve zero tariff. It has made a strong impetus to the improvement of exports of textile and clothing products.

From 1 to February, Guangdong exported 180 million dollars to ASEAN market, an increase of 46.4%.

Data show that from 2010 to February, Guangdong's clothing and clothing accessories exported $3 billion 760 million, an increase of 28.7% over the same period last year, from 17.8% in the same period last year to an increase of 28.7%.

Among them, exports of US $1 billion 530 million in February, a substantial increase of 56.7%.

From 1 to February, Guangdong exported 980 million and 700 million US dollars to the EU and the United States respectively, an increase of 47.5% and 50.1%.

In February, exports to the above two markets were 400 million US dollars and 300 million US dollars respectively, with an increase of over 8.

Hongkong has been an important entrepot market for garment exports in Guangdong. From 1 to February, Guangdong exported 850 million dollars to Hongkong, an increase of 7.1%.

Customs analysis said that in 2010, the global economy entered a slow recovery period.

During the period, Guangdong's garment export industry will face various difficulties. On the one hand, overcapacity and low end product competition will aggravate. On the other hand, the labor shortage in the Pearl River Delta, the cost of raw materials is also rising, and the profit margins of enterprises will be squeezed.