China'S Clothing Export Is Declining This Year, And The Foreign Trade Situation Is Grim.

As a traditional export advantage project in Shandong

Exports are facing a dilemma of weak follow-up.

Qingdao customs latest statistics show that in the first 8 months of this year, the export clothing of our province was US $7 billion 320 million, down 1.1% from the same period last year.

The reason is, on the one hand, the slow economic recovery in Europe and the United States has led to the continued weakening of clothing external demand; on the other hand, the overall cost of enterprises remains high, and the signs of order shifting are becoming increasingly evident.

It is understood that the cost of labor in India, Vietnam and Pakistan is only 38% of that in China, and the cost of raw materials is equivalent to 70%. The export price of textile and clothing is 10% lower than that of China.

In recent years, due to the rise of the total factor cost, the processing advantages of China's textile industry have been weakening for many years. Some domestic production enterprises have begun to move their production lines, sporting goods giants Nike and Adidas have also been shut down in factories in China, and overseas orders have shifted to the countries with lower production costs.

It is worth noting that the gap between domestic and foreign cotton prices has led to the excessive cost of domestic cotton, resulting in a serious decline in the competitiveness of China's cotton textile industry chain, which has become a bottleneck for textile enterprises.

Since last September, the price of international cotton has declined, and the price gap with the domestic market has been widening.

A new round of cotton temporary purchase and storage policy is about to start in China.

Increasing inventory has also increased the pressure on enterprises to survive.

Flush (300033, stock bar) IFIND statistics show that as of August 29th, the textile and garment industry has released 80 listed companies in the first half of the total inventory of up to 67 billion 166 million yuan.

In addition, this year is from Europe and America.

Friction has also been a frequent constraint on China's clothing exports.

Statistics of Shandong Provincial Department of Commerce show that in August, the import and export volume of Shandong decreased by 5.1% compared with the same period last year, the largest monthly decline since February this year.

As a traditional export advantage project in Shandong, the decline of garment export highlights the gravity of the foreign trade situation, which should attract enough attention from all sides.

It is gratifying to note that in order to deal with the risk of foreign trade decline, the State Council on the 12 day discussed and adopted the "opinions on promoting stable growth of foreign trade", and launched measures to speed up the export tax rebate, expand the scale and coverage of export credit insurance, and improve the level of trade facilitation, so as to lighten the burden on enterprises.

The Shandong provincial government has also issued a circular recently to introduce ten measures to improve the efficiency of port clearance and promote the development of foreign trade and economic cooperation.

However, we should also see that although the relevant policies are timely and "effective", the key to reversing the decline of garment export is to rely on enterprises to save themselves.

The enterprises concerned should increase the intensity of product structure adjustment and increase the strength of brand building while enhancing the ability of developing the market.

In addition, we should further increase the cost control and grasp the new international trade in time.

And enhance the ability to resist risks.