Himfr.com reports Textile and garment exports in October once again turned down

The improvement of the situation in September can not continue, in October again Yindie textile and garment export.

    According to Customs figures released yesterday, 2009 1 October China's total textile and apparel exports of 136.29 billion U.S. dollars, and last year, down 11.32%, a decline of 0.15 percentage points last month to expand. 1 September this year, textile and garment exports 121.64 billion U.S. dollars, down 11.17% year on year.

    According to data projections, in October, China's total textile and apparel exports of 14.65 billion U.S. dollars, compared with last month's reduction of 2.1 billion U.S. dollars, a decline of 12.54%, failing to keep growth in the chain a few months, and exports have declined over the same period last year, 2.094 billion U.S. dollars the growth rate is -12.51%, year on year decline to widen again.

    Textile and garment enterprises generally reflects the current China's textile and garment export, there are many negative factors sluggish external demand, trade protectionism, high cost and other factors will hinder the recovery of textile and clothing exports. Oct. 4, in the Ministry of Commerce and China Textile Import and Export Chamber of Commerce convened a seminar on textile industry, most companies that have not come out of winter.

    China and the United States Line Co., Ltd. Deputy General Manager Zhou Xiaonan yesterday told the CBN interview, said that after the peak Christmas exports, business orders for the sustainability of stabilization remains to be seen, the current export situation is not optimistic about the last couple of months, prices of raw materials , water, electricity and so on the rise, overall costs rose about 3% to 4%, businesses raise prices 3%, but significant effect on turnover of export orders.

    The sector say that the industry is still in stagnation, the overall situation, not have a substantial recovery, do not pick up a solid foundation, because more complicated, but the most important cause is that there is no significant improvement in the international environment, foreign demand, instability in good times and bad, 11 month, in December exports can not be any visible improvement, the year 2009 total exports of textiles and garments is expected to 166.5 billion U.S. dollars to about a negative growth of 10%.

    China Textile Import and Export Chamber of Commerce data showed the U.S. unemployment rate in September rose to 26-year high point of 9.8%, consumer confidence in economic prospects for further decline in October U.S. consumer confidence index fell to 47.7 from September 53.4, a decline of 8 months, most major U.S. apparel retailers, sales showed a marked decline in the trend.

    In addition, since quotas were abolished, Europe and the United States have issued and updated a dozen items of the new requirements, such as the REACH regulation, on the banned azo dyes on textiles eco-labeling standards, and the annual increase will be required Oeko-Tex100 certification standards. At the same time, some Asian countries have frequently made the appropriate regulatory policies. The introduction of these technical barriers to trade, China's textile and apparel will face tremendous cost pressures and risks.

    Troubled by multiple factors, orders for textiles and clothing exports are sluggish. In the just concluded 4th of this month at the 106th Canton Fair, electrical and mechanical strength of rebound in commodity turnover by 20.7% percent from last year, light industrial products, turnover grew by 16.6%, but turnover of 3.42 billion U.S. dollars textile and apparel grew by only 5.9% .