Textile And Garment Exports Decreased By 2.51% In August 2011
Data released by the General Administration of Customs showed that in August, textile and apparel exports were 25 billion 451 million US dollars, down 2.51% from July, up 26.4% from the same period last year, of which 8 billion 363 million US dollars in textile exports, 3.90% lower than the chain, and 17 billion 88 million US dollars in clothing and accessories exports, a decrease of 1.19% over the same period.
1-8 months, China's textiles
clothing
The cumulative export volume of US $163 billion 163 million, up 25.72% from the same period last year, has increased by 0.12 percentage points from 25.60% in 1-7 months.
Among them, the export of textiles was US $62 billion 959 million, an increase of 27.18% over the previous year, and exports of clothing and accessories reached US $100 billion 205 million, up 24.82% over the same period last year.
In fact, after the second half of the year, domestic textiles
Clothing export
This has not been as dramatic as expected. In July, exports even reached a record high. In August, export figures also maintained two digit growth.
However, the industry pointed out that the growth of textile and clothing exports is mainly based on price increases. The real growth rate of textile and garment exports is only a single digit. In the context of the increasing economic outlook for the peripheral economies and the clear expectation of RMB appreciation, the future export expectations are not optimistic.
Eastern securities Shi Hongmei believes that in the labor cost,
Raw material
From the micro level, the export situation of some textile and garment enterprises is not as optimistic as the data reflected. On the other hand, with the economic downturn and the appreciation of RMB, many factors are affecting the order volume and profitability of enterprises. Only those enterprises with large scale, high added value and strong technical strength will win the market and win more market share.
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