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1. Textile and apparel exports continued to grow positively throughout the year
According to the statistics of the General Administration of Customs today, according to the statistics of the customs, the total export value of textiles and clothing nationwide from January to December 2018 was 276.731 billion US dollars, a year-on-year increase of 3.52% (increase by 0.78% in RMB), and the export continued to maintain positive growth throughout the year. . Among them, the total export value of textiles was 119.098 billion US dollars, up 8.12% year-on-year (up 5.13% in RMB); the total export value of clothing was 157.633 billion US dollars, up 0.29% year-on-year (down 2.26% year-on-year in RMB).
2. Exports showed a downward trend at the end of 2018
In December 2018, the national textile and apparel exports amounted to US$23.117 billion, down 3.65% year-on-year (a slight increase of 0.98% in RMB). Among them, textile exports for the month was 9.882 billion US dollars, down 2.63% year-on-year (up 2.04% in RMB), and the first time since April 2018, the year-on-year decline; apparel exports for the month was 13.235 billion US dollars, down 4.39% year-on-year. Increase by 0.2%), the decline has further expanded compared with the previous month.
2018 year-on-year growth rate of textile and apparel exports
(in US dollars)
3. Trends in 2019
In 2018, the global economic and trade environment is complex and changeable. The Sino-US trade friction is unresolved. Although the textile and garment industry withstood the pressure, it continued to maintain its export growth trend in 2018. However, throughout the year, the export of textile products in the first three quarters grew rapidly. Since October, the growth rate has dropped significantly. In December, the growth rate of textile and garment exports has dropped. The export pressure in early 2019 is still relatively large.
In recent years, China's competition with clothing orders in Southeast Asia, South Asia and other countries has become more and more intense. As a result, China's share in the three major import markets of the European Union, the United States and Japan has shown a downward trend. From January to October 2018, the proportion of China's textile products in the three major markets of importing countries compared with previous years, please see the following picture:
Affected by Sino-US trade frictions, in the second half of 2018, I appeared to "sell the export" to the United States, and showed a small climax to the US exports. However, with the official implementation of the US tariff increase, from the end of the year, the United States Exports are likely to show a significant decline.
At present, the economic growth momentum has weakened, the uncertainty instability factor has increased, and the downside risks have increased. In 2019, global GDP growth rate may further decline. The trade situation faced by China's textile and garment enterprises in the new year will be more complicated and severe, and the alliance secretariat will cooperate with all parties in the industry to overcome difficulties and move forward.
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