Textile And Garment Exports Declined In The First Half Of The Year

Customs Statistics released in July 10th showed that: in the first half of this year, China

The total value of imports and exports was US $1 trillion and 839 billion 840 million, an increase of 8% over the same period last year.

Of which, exports were US $954 billion 380 million, an increase of 9.2% over the previous year, and imports of US $885 billion 460 million, an increase of 6.7% over the same period last year. The trade surplus was US $68 billion 920 million and expanded by 56.4%.

The proportion of exports of traditional labour intensive products has been reduced.

Exports in the first half year

Clothing, bags, footwear, toys, furniture, plastic products and other 7 categories of labor-intensive products 186 billion 470 million US dollars, an increase of 7.7%, accounting for 19.5% of the total value of exports, down 0.3 percentage points over the same period.

In the second half of this year, China's foreign trade faces many uncertainties.

First, the current international financial crisis is still fermented, the world economic recovery is weak, debt problems of major developed economies are serious, unemployment rate continues to be high, and consumer confidence is in the doldrums.

Two, since the beginning of this year, the domestic economy has come down independently, and the economic downward pressure has been greater, and domestic demand has slowed down.

Three, the comprehensive operating costs of our export enterprises, including labor costs, RMB exchange costs, and financing costs, remain high. The competitiveness of export prices has been weakened and the share of the international market has been squeezed.

1~5 months, China's labor-intensive products (including textiles, clothing, bags, etc.)

The market share of similar products imported from Japan was 7, 63.3%, down 0.4 percentage points. In the same period, the share of similar products in Vietnam, Indonesia and Bangladesh increased by 0.7, 0.2 and 0.2 percentage points respectively.

The same is true in the US and EU markets.

Four, during the financial crisis, trade protectionism prevailed in the major economies of Europe and the United States, and trade barriers emerged in an endless stream.