Industry news


Shorter than expected foreign trade is troubling many textile enterprises

The foreign trade market is showing a positive trend

According to statistics from the General Administration of Customs, in October, China's textile and clothing exports to the world amounted to 22.97 billion US dollars, a year-on-year decrease of 4.8% (calculated in RMB, a year-on-year decrease of 1.5%). Among them, textile exports amounted to 10.71 billion US dollars, a year-on-year decrease of 3.3% (a slight increase of 0.1% in RMB); Clothing exports reached 12.26 billion US dollars, a year-on-year decrease of 6.0% (calculated in RMB, a year-on-year decrease of 2.9%), a decrease of 0.6 percentage points from the previous month.

The current global economic growth rate is slowing down, the global textile supply chain is in a deep adjustment stage, and the overall textile foreign trade market is operating under pressure. But as the year-on-year decline further narrows, positive changes are gradually taking shape, and the release of orders during Christmas undoubtedly injects a glimmer of vitality into the foreign trade market.

Taking a certain textile enterprise as an example, in the first half of the year, foreign trade orders could only barely maintain for about a month, with a shrinkage rate of nearly 50%. Coincidentally, another textile owner has also been connected to many foreign trade orders. Due to the tight delivery schedule, the factory is currently rushing to produce.

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