In March 2018, China’s textile and apparel trade volume was US$16.4 billion, down 26% year-on-year. Among them, exports were US$14.16 billion, down 29.2%; imports were US$2.24 billion, up 4.9%, and the trade surplus for the month was US$11.92 billion, down 33.3%.
From January to March 2018, China's textile and apparel trade volume was US$63.51 billion, a year-on-year increase of 4.9%. Of this total, exports were US$57.61 billion, up 5%; imports were US$5.9 billion, up 4.4%, and trade surplus was US$51.71 billion, up 5%.
Exports fell sharply in March, and the overall situation in the first quarter was better.
Affected by the factors of the Spring Festival, the exports showed significant fluctuations at the beginning of the year, and the fluctuations were dramatic. After a sharp increase in February, exports fell rapidly in March, with only exports of $14.2 billion in the month, down nearly 30%.
In the first quarter, overall exports maintained a good development trend. Although the RMB has seen the highest quarterly increase since 2008, the global economy continues to recover, the domestic economy is stable, and the base year is low. In the first quarter, cumulative exports achieved a 5% growth, the highest in 14 consecutive quarters since the fourth quarter of 2014.
The formation of general trade and border trade is pulling, and the processing and market procurement trade is negative.
In the first quarter, the total export volume of general trade was 45.04 billion US dollars, up 9.3% year-on-year, and the small-scale border trade increased by 35.6% year-on-year. The two together accounted for 83% of the total export value, which together promoted the rapid growth of overall exports.
The cumulative export of processing trade decreased by 1.4% year-on-year. The market purchasing trade, which was once hot in the previous period, experienced a decline, with a cumulative decline of 37.4%. Both of them contributed a 3.2 percentage point to the overall export.
Textile exports continued to grow, while apparel unit prices continued to fall.
Textile exports achieved rapid growth, with a cumulative increase of 11.2% in the first quarter, with yarns, fabrics and finished products increasing by 24.6%, 9.7% and 9.4% respectively.
In comparison, clothing exports in recent years are far less than textiles, and have been in a state of decline. In the first quarter, the cumulative export of clothing only increased by 0.3%, still on the verge of decline. From the perspective of key commodities, the decline of woven garments is more obvious. From January to March, woven garment exports fell by 5.3%, and knitwear increased by 3%. From the perspective of export volume and volume, the growth rate of export volume has slowed down remarkably. The total export volume of needle woven garments only increased by 2.8%, and the export unit price continued to decline since 2014, down 4.3%. The market for clothing export prices fell mainly in the non-traditional markets of the Middle East, Africa, Latin America and other places, and the prices in key markets still kept rising.
Key provinces and cities have achieved rapid growth, and the growth rate in the central and western regions is higher than the national level.
Zhejiang, Jiangsu, Shandong and Fujian all achieved export growth in the first quarter, and the growth rate was relatively fast, with only Guangdong falling. The overall export growth in the eastern region was 3.8%, and the central and western regions increased by 14.5%. The growth rate exceeded the eastern level, higher than the national average. However, the imbalance between the central and western regions and the ups and downs still exist. The "fireworks"-type enterprises in Guangxi and Xinjiang, that is, the historical performance is zero, a sudden emergence in a certain period, and the enterprises with huge export volume in the short-term and disappeared rapidly in a few months are still emerging one after another.
Export
For the EU
Market slow recovery, exports regain growth
With the slow recovery of the economy, the EU market has gradually stabilized. In the first quarter, exports to the EU reached US$9.81 billion, and after a three-year decline, it resumed a 2.4% increase. Among them, textiles were mainly driven by a 10.7% year-on-year increase in textiles, and apparel fell by 1.2% year-on-year.
According to EU customs statistics, from January to February 2018, the EU imported 242.9 billion US dollars of textiles and clothing from the world, a year-on-year increase of 17%, and imports from China reached 8.24 billion US dollars, an increase of 14.5%. Imports from ASEAN and Bangladesh increased by 23.3% and 19.7% respectively. The share of Chinese products in the EU market was 34%, down 0.7 percentage points from the same period in 2017.
For the United States
Maintaining steady growth and developing momentum is better
I have maintained a good development trend in the US market, and exports to the United States have continued to grow steadily. In the first quarter, exports to the US reached US$9.61 billion, a year-on-year increase of 5.7%. Among them, textiles and clothing increased by 7.3% and 5.1% respectively. The total export volume of large-sized commodity needle woven garments increased by 2.6% year-on-year, and the export price increased by 1.2%.
According to US Customs statistics, from January to February 2018, the United States imported a total of 19.8 billion U.S. dollars of textiles and clothing from the world, a year-on-year increase of 4.9%, of which imports from China were 7.1 billion U.S. dollars, up 3.6% year-on-year. Imports from ASEAN, India and Bangladesh. The year-on-year growth was 5.6%, 2.2% and 1.4% respectively. Chinese products accounted for 35.8% of the US market, down 0.5 percentage points from the same period in 2017.
To ASEAN
The most eye-catching performance of large-scale goods
Among the key markets, ASEAN's performance was the most eye-catching. In the first quarter, ASEAN's cumulative exports to ASEAN reached US$8.07 billion, a year-on-year increase of 15.3%. Among them, textiles and clothing increased by 14.2% and 18.5% respectively. The export of large-scale commodity fabrics increased by 10.7% year-on-year, the export volume of needle-woven garments increased by 9.2%, and the export unit price increased by 6.1%.
As the main export destination of ASEAN to China, Vietnam's export growth rate reached 34% in the first quarter, and its share of global exports further jumped to 5.7%, up 0.8 percentage points from last year.
To Japan
The amount of exports dropped slightly, textiles increased clothing
Among the four major markets, exports to Japan only declined, but the decline was small. The export value to Japan in the first quarter was US$4.73 billion, a slight decrease of 0.4% year-on-year. Among them, textiles increased by 4.4% and clothing decreased by 1.6%. The export volume of large-sized commodity needle-woven garments decreased by 4.5% year-on-year, and the average export price increased by 2.4%.
According to Japanese customs statistics, from January to February 2018, Japan's textile and apparel imports were US$ 6.43 billion, up 14% year-on-year, of which US imports were 3.75 billion US dollars, up 12% year-on-year, and 21.9% year-on-year. The proportion of China's product market fell to 58.2%, down 1 percentage point from the same period in 2017.
Along the “ Belt and Road â€
Year-on-year growth of 10.9% over the mean
China has close trade relations with some countries along the “Belt and Roadâ€, and imports and exports have achieved rapid growth.
In the first quarter, my total exports to 64 countries along the “Belt and Road†reached US$20.02 billion, a year-on-year increase of 10.9%, an increase over the average. The most prominent one is that Russia grew by 11.9% year-on-year and by 23.2% year-on-year for Bangladesh.
At the same time, China's imports from the “Belt and Road†region also achieved a growth of 6.3%, the most prominent of which was the 21% increase in imports from ASEAN and 22.4% from Uzbekistan.
import
Only the yarn in the big category drops
Clothing prices resumed to rise
In the first quarter, the cumulative import of textiles and garments achieved a steady and small increase. Imports of fabrics, textile finished products and needle woven garments in large categories of goods increased by 3.3%, 4.3% and 17.2% respectively, and yarns only decreased by 6.7%, mainly cotton yarn imports fell by the impact. The average price of imports of large categories of goods generally rose, yarns and fabrics rose by 4.6% and 4.3% respectively. After the decline of the previous two years, needle woven garments resumed to rise, rising by 15.4%.
The average price of cotton imports has further increased
Domestic and foreign cotton price gaps are oscillating
In March, cotton imports were still at a low level. Imports in the month were 108,000 tons, down 11.2% year-on-year. The average import price increased by 8.5% year-on-year. For the first time in more than three years, it has risen to the range of US$2/kg. From January to March, the cumulative import volume was 344,000 tons, down 8%, and the average import unit price was increased by 5.8%. According to the China Cotton Association monthly report, in March, the domestic cotton spot price rose first and then fell, and the overall decline slightly from last month. In early March, textile enterprises resumed normal production, downstream consumption picked up, and the amount of cotton used by enterprises increased. As the inventory fell, purchases turned positive. The spot market rose slightly. In the mid-term, the reserve cotton was launched, and the transaction price was slightly lower, which had a certain impact on the spot market. The spot price continued to decline slightly. At the end of the month, the China Cotton Price Index (CC Index 3128B) was 15,546 yuan / ton, down 139 yuan / ton from the end of the previous month. Its monthly average transaction price was 15,677 yuan / ton, down 19 yuan per ton, down 256 yuan. In the international market period, spot cotton prices rose first and then fell, and the average price rose. The spot price difference between domestic and foreign cotton remained in a range of fluctuations, and slightly increased at the end of the month. China's imported cotton price index FC Index M was 92.45 cents / lb, up 4.02 cents / lb, up 6.01 cents / lb. End was 90.79 cents / lb, down from the previous end down 0.46 cents / lb, discount 14,403 yuan / ton at 1% tariff, lower than the same period in the same class domestic spot 1143 yuan / ton, compared with the previous 168 yuan to expand the end of the month /Ton.
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