Dongguan'S Clothing Exports Increased By 4.5% In 1-4 Months, Because The Renminbi Was Lower Against The US Dollar.

In the past 1-4 months, the value of the RMB against the US dollar has been declining, which has begun to affect the export volume of domestic clothing. Dongguan's clothing exports increased by 4.5% in 1-4 months.

In July 14th,

The city textile and garment industry association has released 1-4 months of textile and garment export data.

According to Whampoa customs statistics, clothing export in April was 2 billion 630 million yuan, an increase of 19.5% over the same period, an increase of 48.5% over the same period.

From the data point of view, monthly exports in 1-4 months of this year maintained a growth trend in 1, 3 and April, except for February.

Garment exports increased by 4.5% in 1-4

Whampoa customs statistics show that in 1-4 months of this year, Dongguan's exports of clothing and clothing accessories (hereinafter referred to as "clothing") were 9 billion 390 million yuan, an increase of 4.5% compared with the same period last year.

In the first 4 months of this year, there was a rapid growth in exports in April, and the year-on-year growth of exports increased significantly.

The export volume reached 2 billion 630 million yuan.

In the same period last year, exports of 2 billion 200 million yuan in April, an increase of 9.8% over the same period, the important signal of the data is that compared with the first 3 months, there has been a rebound.

In the 1-4 month of February this year, only the growth rate of the Spring Festival was affected by the growth rate of the Spring Festival.

At the same time, 1-4 months ago, the main export markets of the United States, the European Union and Hongkong maintained a "two liters and a drop".

Among them, exports to the United States were 2 billion 450 million yuan, an increase of 18.1%; exports to the EU were 2 billion 120 million yuan, a decrease of 9.3%; exports to Hongkong were 1 billion 800 million yuan, an increase of 9.2%.

In the total export market share of Dongguan, the total market share of the three countries in the US, EU and Hongkong reached 67.8%.

It is noteworthy that, at the end of June this year, the EU market appeared Britain "off Europe".

Britain's free trade is much higher than that of most European countries. With its withdrawal, the share of the EU market will decrease.

In this regard, Qiao Rong, Secretary General of Dongguan textile and garment industry association, told reporters that the share of Dongguan's clothing export EU will be reduced in statistics, but on the other hand, it means that the share of the British market is likely to increase, and that Sino British trade will no longer be subject to the EU's unified trade threshold.

General trade exports accounted for 68%.

The first 4 months

The proportion of general trade exports has increased by more than 6, and the proportion of processing trade exports has decreased significantly.

According to the data, Dongguan exported 6 billion 380 million yuan of clothing in general trade mode in the 1-4 months of this year, an increase of 11.9%, accounting for 68% of the total garment exports in Dongguan in the same period.

In the same period, the export volume of processing trade was 2 billion 980 million yuan, down 7.2%, accounting for 31.7%.

In contrast, in 2015 1-4, clothing exports to 5 billion 700 million yuan in general trade, an increase of 18.7%, accounting for 63.5% of total garment exports; processing trade exports 3 billion 210 million yuan, down 4.1%, accounting for 35.8%.

Obviously, compared to the same period in 2015, the volume and proportion of general trade exports were increasing, especially in the proportion of 4.5%.

According to Qiao Rong analysis, we can see that the effectiveness of garment pformation and upgrading continues to expand, and the pace of pformation and upgrading, innovation driven development is continuing to push forward, and more attention is paid to the role of brand, R & D and market channels.

"In the future, enterprises should speed up product structure adjustment and industrial pformation and upgrading. The association itself is also guiding the pformation and upgrading of member enterprises, such as accelerating the docking of the" machine change "tide, coping with labor cost pressure and improving production efficiency.

Another set of data that can refract industrial structure adjustment is that 1-4 months private enterprises export clothing 5 billion 700 million yuan, an increase of 13.8%, accounting for 60.7%, while foreign-invested enterprises exported 3 billion 600 million yuan, a decrease of 7.6%, accounting for 38.3%.

The export of state-owned enterprises is also growing, with an export volume of 90 million yuan, an increase of 15.8%, accounting for 1%.

The renminbi is lower than the US dollar to send good profits.

Dongguan clothing for 1-4 months export figures flutters, come not easy.

One of the important reasons is the promotion of pformation and upgrading.

However, there is another important factor for trade enterprises, that is, the decline of RMB to the US dollar.

Public data show that since May this year, the RMB has continued to decline against the US dollar, and the central parity of the RMB against the US dollar in May 3rd was 6.4565 yuan, the highest since December 16th last year, and then continued to decline.

In May 19th, the central parity of RMB against the US dollar fell by 315 basis points to 6.5531 yuan a day, a 3 month low since February 2nd of this year.

The decline in the spot rate of RMB against the US dollar is a favorable stage for the textile and apparel industry, which is mainly settled in the US dollar and accounts for a larger proportion of the export business.

As we all know, the low value of RMB against the US dollar is conducive to the competitiveness of textile and apparel in the international market, thereby expanding exports.

What can not be overlooked is that the competition pressure of Chinese clothing exports from emerging market countries is increasing.

In the US market, the textile and garment industry in Vietnam has been developing rapidly under the encouragement of the TPP negotiation prospect. In the EU market, Kampuchea, Burma and Bangladesh enjoy preferential tax exemption arrangements for exports to Europe, and in the Japanese market, ASEAN enjoys preferential tax exemption policies for Japanese exports.

Without exception, these Southeast Asian and South Asian countries are the countries with concentrated investment in textile and clothing because of their relative advantages such as labor, land and taxation.

Exit

Li Ziqiang, chairman of the market oriented Dongguan accession world Knitting Company Limited, pointed out that the competition of Southeast Asian countries has brought a lot of pressure to Dongguan's clothing export. Enterprises should constantly enhance brand and technology value, enhance the added value of products, and win more space in the export market.

At the same time, we should also pay attention to the strategic opportunity of "one belt and one road", so that we can focus on developing the Central Asian market.