Exports Of Clothing And Textile Industry In Hongkong Are Particularly Serious.

The government spokesman pointed out that the value of exports in August had to be recorded slightly from year to year, but the export of goods was still weak in 8, and the weakness of most major export markets continued.

It is believed that the future advanced economies remain fragile and the euro area.

The relevant problems will continue to perplex the global economic outlook. Therefore, Hongkong's foreign trade environment will remain grim in the short term.

In August, compared with the same month in 2011, the total export value of "clothing and clothing accessories" and "communications, sound recording and sound equipment and instruments" decreased by 2 billion 900 million yuan (down 14.2%) and 2 billion 200 million yuan (down 3.8%) respectively.

Looking back in the first 8 months of this year, the value of some major exports of goods in general decreased year by year, especially the "clothing and clothing accessories", which decreased by 8.3% to 10 billion 500 million yuan, while the "non-metallic mineral products" also decreased by 6.7% and reduced by 6 billion 200 million yuan.

Management

Zhuang Chengxin, President of the Hongkong China Import and Export Chamber of Commerce, said that even if exports rose slightly in August, the order in 9 months and October, especially in October and October, was not ideal. The average volume of Christmas orders fell by 10% from last year.

The export of garment and textile industry is particularly serious, and many manufacturers are struggling with high cost environment to move to lower cost areas.

In the rest of the industry, in addition to some unique industries, nearly 90% members' business orders have recorded a decline.

Zhuang Chengxin added that although the effect of QE3 in the US will gradually show up in the later stage, easing the monetary policy and loosening monetary policy will not completely revive the consumption power of the American citizens. As for Europe, the economy is even more unstable, which will greatly affect export performance.

He pointed out that the unemployment rate in the United States is too high, and now it is just before the election. After many years of singing and dancing, many hidden unemployment rates have not emerged.

It is believed that the US market will not be fully recovered in the next 3-5 years, and the price of customers is also serious.

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According to reports, the total export volume of textile and clothing in August was 24 billion 600 million US dollars, down 3.34% from the same period last year, and it has declined for two consecutive months.

Before August, clothing exports totaled 99 billion 480 million US dollars, down 0.7%, and textile exports were US $62 billion 510 million, down 0.7%.

Wang Qian analysis, chief analyst of the first textile network, pointed out that the main reasons for the decline of textile and garment export trend are two aspects: one is the rising cost of raw materials, land, labor and exchange rate; the other is the decline in external demand.

Wang Qian said that in the past 5 years, the total cost of textile and garment enterprises has increased by 100%, but the terminal price has not been raised.