In September 2019, China's textile and apparel trade amounted to US $ 26.56 billion, a year-on-year decrease (the same below), a decrease of 7.9%. Among them, the value of exports was US $ 24.52 billion, down 7.6%; the value of imports was US $ 2.04 billion, down 10.6%; the current month's trade surplus was US $ 22.48 billion, down 7.3%. From January to September 2019, China's textile and apparel trade volume was 220.53 billion US dollars, down 3.2%. Among them, the export value was US $ 202 billion, down 2.8%; the import value was US $ 18.52 billion, down 6.8%; the cumulative trade surplus was US $ 183.48 billion, down 2.4%. From January to September 2019, the import and export of textiles and apparel showed the following characteristics.
Exports declined in the first three quarters, and the impact of U.S. tariffs is obvious
In the first three quarters of 2019, in the face of frequent economic and trade frictions and uncertainties between China and the United States, the overall performance of China's textile and apparel exports was acceptable, and there was no significant decline, but the downward trend in exports was gradually clear. Negative export growth is inevitable.
In September 2019, the impact of the U.S. tariffs on China's textile and apparel products began to show up. The situation of export growth and decline in the single month of the first 8 months was broken, both in terms of RMB and USD. Exports in September continued the downward trend in August.
While exports are blocked, the decline in textile and apparel imports in 2019 is even more prominent: May-September declines for five consecutive months, and double-digit declines in August-September. In the first three quarters of 2019, the value of textile and apparel imports fell by 6.8%, and the rate of decline exceeded exports.
Listing 4 officially increases tariffs, and exports to the U.S. fall across the board
Since September 1, 2019, the United States has officially imposed tariffs on US $ 300 billion worth of goods (Listing 4). This part of the list includes most clothing and home textiles. In September, China ’s textile and apparel exports to the United States fell across the board, of which clothing and home textiles fell 21.8% and 8.5%, respectively, and overall exports to the United States fell 20.1%, which caused a 4% drag on global exports. The key markets that fell the most.
Exclude some products in list 3, it is difficult to form effective support for exports
As of the end of October 2019, the United States has excluded 12 tariff codes for yarns and fabrics involved in China's 200 billion US dollars worth of goods (Listing 3). According to U.S. statistics, from January to September 2019, the total value of the US import of these 12 tariff lines from China was US $ 188 million, which only accounted for 0.5% of the total US textile and apparel imports from China during the same period, which was not substantial for the recovery of export growth The role of sex.
The proportion of general trade methods increased, and private enterprises' exports to the United States kept growing
In the first three quarters of 2019, China's cumulative export of textile and apparel general trade accounted for 81%, further improving the leading role of general trade in exports. General trade exports fell by only 1%, which was better than processing trade (down 14.8%) and small border trade (down 14%) over the same period.
As a backbone, private enterprises form a strong support for exports. From January to September 2019, the textile and apparel exports of private enterprises only slightly decreased by 0.8%, and the number of export entrepreneurs maintained a 7% increase, of which exports to the United States increased slightly by 0.1%, and the number of export entrepreneurs increased by 3%, far exceeding state-owned enterprises in the same period. And the performance of foreign-funded enterprises.
All exports to traditional markets have declined, and the market has accelerated to diversify
EU: Exports continue to fall
The EU market remains sluggish. In September 2019, China's textile and apparel exports to the European Union continued to decline, the decline expanded to 16%, which brought a drag effect of 2.8 percentage points on the overall decline in textile and apparel exports. From January to September 2019, China's textile and apparel exports to the EU totaled US $ 36.12 billion, down 5.6%, the largest decline in key markets. Among them, the export value of clothing dropped by 7.3%, the total export volume of large-scale commodity knitwear and clothing fell by 4.6%, and the unit price of exports fell by 3.9%.
Delays in the process of Britain ’s “Brexit” delay, and the uncertainty of China ’s textile and apparel exports to the UK has increased. In the first three quarters of 2019, China's cumulative export of textiles and apparel to the United Kingdom fell by 8.5%.
According to EU customs statistics, from January to August 2019, the EU ’s imports of textiles and apparel from the world were US $ 91.97 billion, a decrease of 1.2%, and imports from China were US $ 29.3 billion, a decrease of 1.6%, and imports from ASEAN and Bangladesh increased respectively. 3% and 3.9%. The share of Chinese products in the EU market was 31.9%, a decrease of 0.1 percentage point from the same period in 2018.
U.S .: Tariffs on bulk commodities begin to increase, exports fall by 20% in September
Since September 1, 2019, China's clothing and home textile products have begun to face a 15% tariff. In September, exports to the United States fell flat—the export value was US $ 4.07 billion, a decrease of 20%. Among them, the total export volume of yarn fabrics fell by nearly 30%, the export volume of knitted clothing decreased by 19%, and the average export price fell by 5.5%.
1 From January to September 2019, China's cumulative exports of apparel and home textile products to the United States amounted to 35.4 billion U.S. dollars, down 4.4%, of which textile exports fell 6.1%, apparel exports fell 3.8%, and home textile exports increased 4.3%.
1 From January to September 2019, the United States imported a total of 94.45 billion US dollars in textiles and apparel from the world, an increase of 3.1%. Among them, imports from China were US $ 31.8 billion, a decrease of 2.6%; imports from ASEAN, India, and Bangladesh increased by 9.4%, 5.6%, and 9.1%, respectively. Chinese products accounted for 33.7% of the US market, down 2.1 percentage points from the same period in 2018.
ASEAN: Exports fall again
After maintaining a three-month growth, in September 2019, China's textile and apparel exports to ASEAN fell again, down 9.6% that month, of which textile and apparel exports fell 8.2% and 13.7%, respectively. From January to September 2019, China's textile and apparel exports to ASEAN totaled US $ 27.85 billion, a slight decrease of 0.3%, among which the export volume of major commodity yarns and fabrics increased by 3% and 1.7%, respectively, and the export volume of knitted and woven garments declined. 8%.
Japan: Market shows signs of stabilization
The Japanese market has shown signs of stabilization and warming recently. In September 2019, despite the year-on-year decline in China's textile and apparel exports to Japan, they rose from the third month on a month-to-month basis. Exports to Japan for the month were US $ 2.16 billion, a new monthly high for the year. From January to September 2019, China's cumulative exports of textiles and clothing to Japan fell by 5.2%, which performed slightly better than the EU in the traditional market. Among them, the export value of textiles and clothing decreased by 2% and 6%, the export volume of large-scale commodity needlework and woven clothing decreased by 7.4%, and the average export price increased by 1.8%.
According to Japanese customs statistics, from January to September 2019, Japan's textile and apparel imports were US $ 29 billion, a slight increase of 0.2%, of which imports from China were US $ 16.05 billion, a decrease of 4.3%; imports from ASEAN increased by 7%. China's product market share fell to 55.4%, a decrease of 2.6 percentage points from the same period in 2018.
Countries along the “Belt and Road”: Cumulative exports are basically flat and their market position is gradually increasing
While exports to traditional markets are being blocked, countries along the “Belt and Road” have become the main driving force for China's textile and apparel exports. In September 2019, China's textile and apparel exports to the world declined, but exports to countries along the “Belt and Road” have achieved a 4% increase. In the first three quarters of 2019, China's cumulative export value of textiles and apparel to countries along the “Belt and Road” was US $ 70.67 billion, only a slight decrease of 0.1%, which was basically flat year-on-year. Among them, Central Asia, West Asia and South Asia are the main growth regions. The steady and orderly development of bilateral trade has further increased the proportion of countries along the “Belt and Road” in China ’s textile and apparel exports to 35%, and their market position has gradually increased.
Exports of textiles and clothing both declined, and chemical fiber products maintained a slight growth
