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Export of Chinese Textiles Falling Slightly

Posted: 03/15/2016 04:03:50 Edited: 03/15/2016 04:03:50Clicks: 3588

In February, export of Chinese textiles fell slightly. Experts showed that holiday, cost rising and weak demands resulted in export of Chinese textiles falling in February. It is predict that total volume of trade of textiles will be difficult to realize positive growth in March. 
 
Export falling
Based on statics of customs, the export of Chinese textiles was about 15.658 billion dollars. Among that, export of yarns fabrics and product was 6.083 billion dollars. Export of clothing and clothing accessories was 9.575 billion dollars. In January and February, total export of Chinese textiles was 39.789 billion dollars. Among that, export of yarns, fabrics and products was 15.533 million dollars. Export of clothing and clothing accessories was 24.256 billion dollars. In February, export of textile was decreased by 35.11%, compared with the last month. Export of yarns, fabrics and products was decreased by 35.63%. export of clothing and clothing accessories was decreased by 34.78%. 

Two reasons caused falling
Two reasons resulted in export of Chinese textiles falling in February. On the one hand, impacted by holidays, export of textiles decreased sharply year-on-year. The first ten days of February is Chinese Spring Festival. The influences of holiday on trade almost fell in February. The trade of textiles was almost stopped during holidays of Spring Festival. Significant decreasing of value of trade was imperative. In the past years, the lowest value of trade of textiles usually occurred in February or March. The main reason was that market transactions were stopped due to holidays of Spring Festival. 

On the other hand, cost growing and weak demands also resulted in export of textile descending year-on-year. In February, the export of textiles fell significantly. Vietnam, Indonesia and other members of ASEAN had obvious export costs advantages of textile in EU and Japan, due to their cheap labor forces and favorable import policy of cotton, occupying the market share of Chinese textiles in foreign market. Meanwhile, economic situations in developed economic varied. The descending global trade value of textiles formed obstruction for export of Chinese textile. 

According to statics of customs, in import-export volume of Chinese textiles, import only accounted for 7%~10% of export volume. In 2015, total export of Chinese textiles was 28.39 billion dollars and total import was 25.61 billion dollars. The ration between export and import was 100:9.02. In January, 2016, the ratio was 100:7.48. So, China is a net exporter of textiles. The variation of import was difficult to attract attention.

Positive growth is hard to be realized in March       
Firstly, month-to-month export of textile will be significantly improved in March: month-to-month export will change negative growth to positive growth easily, due to rapidly getting rid of influence of holiday of Spring Festival. Secondly, year-on-year export of Chinese textiles will still maintain negative value. Clothing and textiles will respectively account for 60% and 40% of export. Because of obvious failure in EU and Japan and Southeast Asia and South Asia showing their strong export trend of textiles, it is predict that year-on-year total export of Chinese textile will still maintain negative growth. What’s more, import situation of textile will be not optimistic. Due to domestic economic growth rate descending, insufficient domestic demand and high pressure of textiles storage in March, import of textiles will show the trend of hard for growing and easy for falling. So, it is predict that import and export of Chinese textiles will realize positive growth difficultly.
 
Export of Chinese Textiles Falling Slightly