Textile And Apparel Exports To Emerging Markets Are Accelerating.

In the first half of the year,

With the weakening of national and regional economies, the growth rate of textile and clothing exports has dropped by 11.8 percentage points over the previous year, up 4.1% from the same period last year.

In July,

Exports, driven by emerging market countries and regions, achieved a rapid growth of 9.7%.

Among them, Africa

The fastest growth, an increase of 29% over the same period last year, exports to Latin America grew by 12.46% over the same period last year; exports to Russia and India increased by 23.49% and 17.5% respectively.

Data show that textile and apparel exports to emerging markets are accelerating.

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Pan Yongcai, chief economist of the global market of TDC, pointed out that although the export confidence index fell unexpectedly, it was only the exporter's pessimistic expectations for the future. The actual export situation in Hong Kong was not so bad. The first 7 months of the year increased by 3.4% annually, and as long as the average export growth averaged 5.8% per month, the expected growth rate for the whole year was 4.5%.

In addition, he believes that the iPhone 6 launched on Friday (19) will benefit Hongkong's exports. As early as July, the export of related spare parts and accessories has already benefited Hong Kong. The market expects that the iPhone 6 will sell well, or will be added in the coming quarter, which will further boost the export of Hongkong.

In terms of external factors, Pan Yongcai pointed out that the European economy is weak and consumer confidence is being weakened. The increase in geopolitical risks will also affect the confidence of local businesses, which will continue to have an impact on Hong Kong's exports in the short and medium term. However, the European Central Bank has introduced quantitative easing measures or is expected to enhance the market atmosphere.