According to customs statistics, from January to October, the total import and export value of China's goods trade was 22.52 trillion yuan, an increase of 15.9% over the same period last year. Among them, exports were 12.41 trillion yuan, up 11.7%; imports were 10.11 trillion yuan, up 21.5%; trade surplus was 2.3 trillion yuan, narrowing 17.8%.
From January to October, textile and apparel exports totaled 1,500.44 billion yuan, up 4.9%, of which textile exports were 612.41 billion yuan, up 7.5%, and clothing exports were 888.03 billion yuan, up 3.2%.
In October, China’s total import and export value was 2.24 trillion yuan, an increase of 10.2%. Among them, exports were 1.25 trillion yuan, up 6.1%; imports were 994 billion yuan, up 15.9%; trade surplus was 254.47 billion yuan, narrowing 20.3%.
In October, the total value of textile and garment exports was 143.16 billion yuan, a year-on-year increase of 0.2%. The main driving force for growth came from textiles and textile exports of 60.66 billion yuan, up 6% and 1.2% year-on-year and quarter-on-quarter respectively. Clothing exports are still in decline, and the decline has expanded. The monthly export volume was 82.5 billion yuan, down 3.7%, and the decline was 2.9 percentage points higher than that in September.
Looking at the September data: In September, China’s textile and apparel trade volume was 25.98 billion U.S. dollars, up 5.1% year-on-year, of which exports were 23.75 billion U.S. dollars, up 4.3%, imports were 2.23 billion U.S. dollars, up 13.6%, and the trade surplus of the month was 21.52 billion U.S. dollars. 3.5%. In the first nine months of this year, China’s textile and apparel trade volume totaled US$217.86 billion, up 0.3% year-on-year, of which exports were US$9.78 billion, down 0.1%, imports were US$18.08 billion, up 5%, and the cumulative trade surplus was US$181.7 billion, down 0.6%.
With the gradual recovery of the global economy, the traditional textile and apparel market and emerging markets will further improve at the end of the year. Coupled with the low export base in the same period last year, it is expected that the export of textiles will maintain a good trend in the fourth quarter. However, the conditions of long-term unfavorable exports such as rising costs still exist, and the recent fluctuations in exchange rate fluctuations, the basis of export growth is weak, and the growth momentum is still insufficient. It is initially estimated that exports in the fourth quarter and full year will remain at the same level as the previous year or achieve a small increase.
General trade exports rebound
Tourism shopping has dropped rapidly
In the first nine months of this year, exports of general trade decreased by 2.3% year-on-year, and processing trade fell by 7% year-on-year. The overall export was flat. Small-scale border trade and other trade methods mainly based on tourism, shopping and market procurement, and small-scale border trade. Exports increased by 19.2%, and other trade methods increased by 30.3%. In September, general trade exports increased by 8.5% year-on-year, an increase exceeding the average. Processing trade fell by 2.5% year-on-year. Other trade methods have rapidly declined.
Along the Belt and Road
Continue to become an export growth point
Countries along the “Belt and Road†continue to be export growth points. With the steady advancement of the “Belt and Road Initiative†initiative, China’s foreign trade with countries along the “Belt and Road†has further expanded. In the first three quarters, the trade volume between China and 64 countries in the textile and apparel sector reached US$74.83 billion, accounting for 34.3% of the total trade volume, accounting for 0.7 percentage points increase over the same period last year. Of this total, exports were US$67.41 billion, up 2.1% year-on-year, better than the global exports during the same period.
The volume of price increases and the downward trend is obvious
Restorative growth is more prominent
In the first three quarters, China's textile and apparel exports basically showed a stable and good situation. The export volume in each quarter was gradually enlarged, and the range of changes in the year-on-year increase and decrease narrowed. By the end of the third quarter, the cumulative exports had stopped the downward trend since 2015 and remained basically flat.
From January to September, the cumulative export of textiles was 81.15 billion US dollars, up 2.4% year-on-year, and clothing exports were 118.63 billion US dollars, down 1.8% year-on-year. The export volume of yarns and fabrics of key export commodities increased by 4.8% and 8% respectively; the total export volume of needle woven garments increased by 2.9%. The average unit price of exports fell generally year-on-year: yarn fell 0.2%, fabrics fell 5.4%, and needle woven garments fell 5.3%, with woven garments falling faster than knitwear. In September, textile exports increased by 37.8%. This growth was due to the recovery in the major production areas in Zhejiang during the G20 summit during the same period last year.
The eastern exit is forming a positive pull
Midwest and Northeast have not recovered
In the first three quarters, the eastern provinces and autonomous regions exported a total of 172.88 billion US dollars, accounting for 86.5% of the country's total exports. The export volume increased by 0.7% year-on-year, which was positive for the overall export, with Jiangsu, Hebei and Beijing growing rapidly. The total exports of the three northeastern provinces decreased by 7.2% year-on-year, and the total exports of the 18 provinces and cities in the central and western regions decreased by 4.5%, of which only Xinjiang, Guangxi, Hunan and Shaanxi achieved growth.
Export
For the EU
The market is lacking, and the UK is rapidly declining.
Due to the lack of growth momentum, the EU market has been flat in the near term. The export to the EU in the first three quarters has not resumed growth, down 2.1% year-on-year, and the decline in the traditional market is second only to Japan. Among them, the export volume of key commodity needle woven garments was flat, and the average export price fell by 4%. The UK, the largest single market member of the European Union, has been declining since the fourth quarter of last year. China's exports to the UK continued to decline, with a cumulative year-on-year decline of 9.7% in the first three quarters, the decline in the EU.
According to EU customs statistics, from January to August, the EU imported textiles and apparel from the world of 85.36 billion US dollars, an increase of 1.1%, imports from China accounted for 33.2%, down 0.5 percentage points year on year. Imports from ASEAN and Bangladesh accounted for 10.9% and 14% respectively, accounting for an increase of 0.6 and 0.1 percentage points respectively, and imports from these two places increased by 6.5% and 2% respectively.
For the United States
Exports are relatively stable and achieve a slight increase
Exports to the United States were relatively stable, with exports in the first three quarters rising slightly by 0.1% year-on-year. The total export volume of key commodity needle woven garments increased by 2.9%, and the export value of textile finished products increased by 6.5%, among which household textiles increased by 5.4% and industrial textiles increased by 11%. Export prices fell, and knitted and woven garments fell by 4.7% and 6% respectively.
According to US Customs statistics, from January to August, the United States imported 77.47 billion US dollars of textiles and clothing from the world, of which China accounted for 35.6% of the total, down 0.6 percentage points over the same period last year. Since global imports fell by 0.4%, imports from China fell by 2%, and ASEAN, India, and Mexico still maintained export growth to the United States.
To ASEAN
Faster recovery, faster export growth
The ASEAN market resumed a relatively fast pace. In the third quarter, China’s exports to ASEAN increased by 10.7% year-on-year, and double-digit growth has been achieved since the first quarter of 2015. The structure of export commodities has gradually returned to normal, fabrics and yarn exports have increased, and clothing has declined. From January to September, the total export of textile and apparel to ASEAN was US$24.88 billion, an increase of 2.1%. Among them, fabric and yarn exports increased by 5.2% and 11.6% respectively, and clothing decreased by 4%.
To Japan
Clothing trend is getting better, high-end sales increase
The Japanese market is showing signs of recovery. From January to September, although China's exports to Japan fell the most in the four traditional markets, from the third quarter performance, the overall trend is getting better, the export volume is expanding month by month, and the cumulative export volume of key export woven garments is maintained. With a growth rate of 1.7%, the export price is 30% higher than the global average. Among them, the export value of woven garments with high added value increased by 7%, and the knitted garments decreased by 1%, indicating that sales of medium and high-end products in the Japanese market tend to grow steadily.
According to Japanese customs statistics, from January to August, Japan’s textile and apparel imports were US$23.47 billion, down 1.7%, of which imports from China fell by 3% year-on-year and 2.7% from ASEAN. The share of Chinese products in Japan was 60.1%, down 0.8 percentage points from the same period last year.
import
Clothing imports accounted for an increase
Major commodities achieve growth
The domestic economy continued to steadily drive the growth of apparel imports. In the first three quarters, the cumulative imports of clothing increased by 8.2% year-on-year, and the proportion of total imports increased to 30%. Imports of yarns and finished products increased by 6.1% and 7% respectively, and fabrics decreased by 1.7%.
In terms of import prices, yarns and fabrics have grown, and needle-woven garments have fallen.
Cotton is now recovering
The price difference between inside and outside cotton is slightly enlarged
In September, cotton imports were still only 93,000 tons, but the growth rate was as high as 53%. The main reason for the rapid growth was due to the low base in the same period last year. The unit price of imports increased by 1.3% year-on-year. From January to September, the total import volume was 904,000 tons, an increase of 37.7%. The average unit price of imports was US$1,890/ton, an increase of 9.4%.
According to the monthly report released by China Cotton Association, the reserve cotton auction in September entered the last month. In order to meet the demand for cotton blending and the cost of cotton consumption, textile enterprises actively bid for stocking, which has strong support for the spot market. Domestic spot cotton prices continue to stabilize. Small and medium rise.
In September, the increase in global production became the two major factors constraining the international market. At the beginning of the month, the United States Hurricane Irma struck, the US cotton production fell compared with the previous forecast, stimulating the futures market, ICE cotton trended up; in the middle, the US Department of Agriculture (USDA) supply and demand report once again significantly increased US cotton production, and the increase was sufficient To make up for the impact of the hurricane on production, the global ending stocks increased sharply, hitting a three-year high. In late September, although there was still the impact of the hurricane, the extent could not be countered by the increase in production. By the end of the month, the spot market in the international period continued to decline, and the spot price difference between domestic and foreign cotton continued to expand.
China's imported cotton price index FCIndexM was 80.17 cents/lb, down 5.25 cents, and the last trading day at the end of the month was 78.38 cents/lb, down 8.39 cents/lb from the end of last month. The 1% tariff was reduced to 13186. Yuan/ton, lower than the Chinese cotton price index of 2,809 yuan / ton in the same period, an increase of 1,609 yuan / ton from the end of last month.
Editor in charge: Xu Yuehua
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