According to customs statistics, my country’s textile and clothing exports improved across the board in September. Textile and clothing exports were US$28.37 billion, a year-on-year increase of 18.2%; of which textile exports were US$13.15 billion, a year-on-year increase of 35.8%, and clothing exports were US$15.22 billion, a year-on-year increase of 6.2%. %. Under the background that the domestic epidemic has been effectively controlled, some countries such as India, Pakistan, and South America have lost control of the epidemic, resulting in the return of orders from Europe and the United States, and the global economy and consumption have struggled to recover. my country’s textile and clothing exports have finally ushered in “retaliatory” growth. “Not only did it arrive as scheduled, but the rebound in foreign trade orders and the enthusiasm of foreign brands and retailers for placing orders exceeded the expectations of most domestic textile and apparel companies. Some garment companies in Guangdong, Jiangsu and Zhejiang even said that orders have grown rapidly since mid-September, and the ordering period has been extended to mid-November. During the National Day, machines are operating at full capacity and workers basically do not have holidays.
Why did textile and apparel orders explode in volume in September/October? The author believes that there are mainly the following four factors:
First, the “Double 11”, Thanksgiving, and Christmas orders are arriving in “crowds”; coupled with the suppressed and weakened consumer enthusiasm in the first half of 2020, the Released, it is not surprising that textile and clothing exports have “jumped”; secondly, some foreign buyers and retailers are worried about a second outbreak of the new crown epidemic in autumn and winter in European, American and Southeast Asian countries. Local governments in various countries have once again upgraded their epidemic prevention and control, which has affected trade, transportation, production and so on are affected, so we place orders in advance and stock up on textiles and clothing for sale (online business in Europe and the United States is also booming); third, compared with textile and clothing companies in India, Pakistan, Vietnam and other countries, Chinese manufacturers have “small orders and quick turnaround”; fast Our capabilities in design, processing, transportation, and delivery are far ahead of our counterparts in Southeast Asia, South America, and other countries. Under the premise of great uncertainty about the epidemic, high geopolitical risks, and relatively large fluctuations in crude oil and raw materials, foreign trade orders are “bulk supply.” The phenomenon of “long cycle” is gone forever. At present, only Chinese textile and clothing companies with supporting industrial chains, mature worker skills, and strong delivery capabilities can meet the requirements of foreign buyers and retailers; fourth, some American brand companies, Traders are worried that the U.S. government will impose a broad import ban on Xinjiang cotton products after November, which will have an impact on the cost, quantity, and quality of textile and clothing imports. Therefore, they will rush to place orders with Chinese suppliers and processing companies in September and October, and require Orders will be placed and shipped before late November.
However, it is also important to note that in textile and clothing exports in September, the export and shipment growth rate of chemical fiber and blended products was higher than that of cotton textile products. The export situation to ASEAN, the Middle East and Africa and other countries and regions It is significantly better than the European and American markets; the growth rate of the export quantity and value of mid-to-high-end textile and clothing also lags behind that of low-end products. Therefore, the reason behind the “retaliatory” export growth is that foreign trade companies have low profits, a year-on-year decline, and even “losing money and making money”. An export-oriented enterprise in Nanjing, Jiangsu Province said that on the one hand, the recent sharp increase in raw materials such as cotton, polyester staple fiber, viscose staple fiber, etc. has led to “rising” in all aspects of yarn, gray cloth, fabrics, etc., and exports received in August/September The meager profits from orders have been swallowed up, and you will face losses whether you execute the contract or not. On the other hand, the RMB has appreciated sharply against the US dollar since June (the cumulative appreciation so far is more than 6%), of which the onshore RMB on October 9 The exchange rate against the U.S. dollar has increased by more than 1,100 points. The current onshore and offshore exchange rates have both risen above the 6.70 mark, hitting a 17-month high. This has not only increased the pressure on the delivery of early orders, but also has a huge risk of receiving foreign orders in December and January. of uncertainty. </p
