Exchange Rate Changes Stimulate Sensitive Nerves In Jintan Textile And Garment Enterprises

This year, 1~8 months, Jiangsu Province Jintan's export volume has reached US $845 million. According to the September 20th middle price 6.7110, the total export volume will be as high as 8 billion 500 million yuan per year. Every huge fluctuation in exchange rate is made. export-oriented enterprise Nerve tightness: the average monthly delivery value of our city is nearly 700 million yuan RMB. If we continue to maintain the range of exchange rate changes last week, the export economy of Jintan will be reduced by 1000~1500 yuan.

Textile and garment industry is one of the traditional pillar industries in Jintan. As of August, textile and garment products accounted for 24.92% of the total export volume of the city. The head of a well-known clothing company in Jintan said: "because of the low added value of textile and garment industry, the impact of export price changes on the textile and garment industry is bigger, so it is more sensitive to the change of RMB exchange rate. Especially in the industry. Small and medium-sized enterprises The lack of bargaining power can tolerate a smaller appreciation, so the appreciation of the renminbi will have an adverse effect on the export of the entire industry.

In addition, the raw materials and labor costs faced by the textile and garment industry have been increasing gradually, which has added a pressure to the industry which is already in a low profit state. In the context of appreciation, enterprises must cut prices if they want to maintain their overseas market share, while the rise in domestic costs will further narrow the decline in the prices of terminal products. The clothing industry claims that under the conditions of internal and external difficulties, the clothing and textile industry will have two choices if it wants to continue to survive and develop. First, it should actively promote product upgrading, develop towards low energy consumption, high added value and brand advantage; two, shift the production chain to developing countries that undertake low-end manufacturing industries by directly setting up factories or outsourcing, so as to maintain low cost production advantages.