How Will China'S Textile And Apparel Exports Go In 2016?

Domestic and foreign demand is still hard to see clearly due to the macroeconomic impact at home and abroad. It is estimated that domestic demand will remain at around 10% in 2016, and the elasticity of export demand is also limited.

Although it has undergone more than three years of adjustment,

No marked improvement has yet been made, but the inflection point of the upward trend has been established.

China's textile and garment exports are expected to further warmer in 2016.

15, reporters learned from the China Textile Import and Export Chamber of commerce that, in the wake of the continued depreciation of the RMB against the US dollar and the relatively low base year, China's textile and clothing exports resumed growth in December 2015, and the export of Chinese textile and clothing increased by 9% compared with the same period last month, of which 11.8% of clothing exports increased.

But in 2015, the total export of Chinese textiles and clothing dropped by 3.9%.

For China's textile and garment industry, export volume has been declining due to factors such as rising manufacturing costs in recent years and appreciation of the RMB exchange rate.

Before 2015, November, China's textile and clothing exports decreased by 5.79% compared to the same period last year.

Industry experts pointed out that the current RMB exchange rate fall will benefit the larger proportion of China's textile and garment industry, because the price of orders for export textile enterprises is mostly in US dollars, and the weakening of the RMB against the US dollar will raise the price of RMB order, thereby increasing revenue.

At the same time, the improvement of export competitiveness of Chinese textile and garment products in the international market will also help increase orders and improve sales.

But experts warn that the weakening of the RMB exchange rate

The short-term impact is not big, and the ability to consume in the international market is the key.

In 2015, textile and apparel exports totaled 23498 billion US dollars in 1-10 months, down 54%, of which textile exports were US $910 billion 600 million, a decrease of 19%, and clothing exports of 14392 billion US dollars, down by 75%.

According to customs statistics, in November 2015, China exported about 21 billion 982 million US dollars in textile and clothing, a decrease of 9.71% compared with the same period last year, and a decrease of 7.07% in the ring ratio.

Exports

Fabrics and products, US $8 billion 668 million, decreased by 9.21% compared with the same period last year, while the ring ratio decreased by 5.88%. The export garments and accessories were 13 billion 314 million US dollars, down 10.03% from the same period last year, and the ring ratio decreased by 7.83%.