The National Bureau of Statistics recently released economic performance data for October. Data show that in October, the total import and export volume was 2,707.1 billion yuan, a year-on-year decrease of 0.5%, and the decline narrowed by 2.7 percentage points from the previous month. Among them, exports were 1,504.2 billion yuan, a year-on-year increase of 2.1%, a decrease of 0.7% last month; imports were 1,202.9 billion yuan, a decrease of 3.5%, and the decline was 2.5 percentage points narrower than the previous month. Imports and exports were balanced, with a trade surplus of 301.3 billion yuan.
The latest statistics from the General Administration of Customs of China show that in October, textiles ( Including textile yarn, fabrics and products) export value was US$10.1551 billion, a year-on-year increase of 4.23%; from January to October, the cumulative export value of textiles was US$99.3103 billion, a year-on-year increase of 0.33%.
The scale of trade continues to expand. From January to October, the total import and export volume was 25,627.3 billion yuan, an increase of 2.4%. Among them, exports were 13.984 billion yuan, an increase of 4.9%; imports were 11.6432 billion yuan, a decrease of 0.4%. The trade structure continues to be optimized. General trade imports and exports increased by 4.8%, accounting for 59.3% of total imports and exports, 1.4 percentage points higher than the same period last year. The import and export of private enterprises increased by 10.3%, accounting for 42.4% of the total import and export, an increase of 3 percentage points from the same period last year. Industrial enterprises above designated size achieved an export delivery value of 10,113.9 billion yuan, a year-on-year increase of 1.8%.
Liu Aihua, spokesperson of the National Bureau of Statistics, said that foreign trade and foreign investment have improved. Exports in October improved significantly compared with the previous month, turning from a year-on-year decrease last month to an increase of 2.1% in October. From January to October, imports and exports increased by 2.4%, and exports increased by 4.9%. As we all know, the growth rate of world trade has continued to decline since this year. Under such circumstances, it is not easy for my country’s imports and exports to achieve such a speed.
From the perspective of foreign trade structure, the foreign trade structure is also continuously optimized. From January to October, general trade accounted for 59.3%, an increase of 1.4 percentage points year-on-year. At the same time, the import and export of private enterprises also increased. Maintained rapid growth. From the perspective of foreign capital, the actual use of foreign capital from January to September increased by 6.5% year-on-year, maintaining a relatively fast growth rate. In addition, foreign exchange reserves have also increased compared with the beginning of the year and continue to remain above 3 trillion US dollars.
Liu Aihua also mentioned that GDP still maintained a medium-to-high growth rate of 6.2% in the first three quarters of this year. According to estimates, every one percentage point of economic growth will create approximately two million jobs. In fact, a growth rate of 6.2% should be able to generate total employment of between 11 million and 12 million.
The second factor is structural adjustment. In recent years, my country’s industrial structure adjustment has been consolidating from industry-led to service-led. Compared with industry, the service industry has a stronger ability to absorb labor. By 2018, the proportion of the tertiary industry in GDP has risen to 52.2%, increasing every year, so changes in the industrial structure are an important factor.
The third reason is that there are more and more new business formats supporting flexible employment.
For the textile industry
The back-and-forth in Sino-US trade relations , has been affecting the textile market. Regarding the weak foreign trade orders this year, most companies answered that they are affected by foreign trade policies, especially the huge impact of Sino-US trade relations. Although the current Sino-US trade war has not actually affected the fabric industry, many textile bosses say they dare not easily accept orders from the US market this year. In the context of the Sino-US trade war, many other countries have also made adjustments to tariffs, so tariffs are also an important factor affecting companies’ orders.
On the surface, the Sino-US trade war has no direct impact on the fabric industry, but in fact there is a hidden and far-reaching impact , which is difficult for us to find. Therefore, foreign trade orders have decreased this year. For this reason, many foreign trade companies do not consider entering the US market, but the purchasing power of the US market is very strong and the order volume is also large.
Since this year, the order situation has been tepid and has not improved significantly. You can use “small batch, multiple batches” times” summary. Market orders are relatively hot, but after all, it is just an explosive stage. The domestic market demand is weak and it is difficult to make substantial changes. The situation of foreign trade is also average. The lack of domestic sales has also affected foreign trade to a certain extent. Foreign trade companies are not living comfortably this year.
The traditional “Golden Nine and Silver Ten” are over. When will foreign trade orders be placed next? In fact, many foreign trade orders come from brands, and the total clothing sales are expected. According to past ordering experience, foreign trade orders for next spring and summer will start from mid-November and continue to be placed until March and April next year. In addition, as Sino-US trade relations ease, the foreign trade market is more likely to pick up. It can be seen that the centralized issuance of foreign trade orders still hasFor a while, the cloth boss needs to wait patiently, and during this period, he can make preparations for subsequent orders. </p
