Exports Of Textile Products Returned To Normal Level In The First Quarter
According to the latest customs statistics, China's exports of textiles and clothing totaled 36 billion 436 million US dollars in the first quarter of this year, an increase of 17.70% over the same period last year, and textile and clothing exports have returned to normal levels. In the first quarter of this year, China's textile and garment industry is facing many pressures such as the acceleration of RMB appreciation, the reduction of export tax rebate rate, the spread of the US subprime crisis, the increase of production factor prices and the rise of labor costs. However, the latest data show that the export speed of China's textile and garment products increased by four to 50% in March, making the export growth in the first quarter rapidly increased to 17.70%, and basically restored to the normal level throughout the year.
Regarding this, Ma Xinzheng, deputy editor in chief of China's first textile network, said: "in March, the export volume was relatively normal, but the increase was relatively large. This has something to do with the low base of the Spring Festival last year, and it is also related to the sharp increase in the number of textile and garment enterprises after the disaster this year. According to the introduction, in March this year, China exported 11 billion 462 million US dollars of textile and clothing products, an increase of 45.72%.
In other words, in the first quarter of this year, Zhejiang exported textiles and clothing to the whole country, with an export volume of US $8 billion 578 million, accounting for 23.54% of the total exports of the country, and the growth rate reached 26.50%. While Guangdong is also a major province of textile and clothing exports, export growth has dropped, and the total export of textiles and clothing has been 6 billion 767 million US dollars, down 0.21% from the same period last year, accounting for 18.57% of the total exports of the country.
Ma Xinzheng said, "the pformation of textile enterprises is imperative. We should put the products, brands and added value at a new height, increase investment in science and technology and product innovation, pform to high value-added and deep processing, and enhance the capability of independent production, R & D and marketing. Enterprises also need to avoid the risk of the depreciation of the US dollar and try to use the currency outside the US dollar to settle the lowest possible settlement loss.
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