China's Textile And Garment Exports Plunged In 2019 1-2

According to statistics, in 2019 1-2, China's textile and clothing exports "ultra expected" fell sharply, textile and clothing exports 38 billion 155 million US dollars, down 11.61% compared with the same period last year, compared with the annual average growth rate, has fallen below the -10.5% lowest point created in the 2009 financial crisis. Of course, the export of textile clothing is generally low before and after the whole year, and after the shaving factor of the Spring Festival, the export growth rate of late stage or gradually rising to normal level.

Among them, textile exports amounted to 17 billion 380 million US dollars, down 7.82% compared with the same period last year, and exports of garments and accessories were 20 billion 775 million US dollars, down 14.55% compared with the same period last year.

In Renminbi in 2019, China's textile and apparel exports totaled 262 billion 470 million yuan in 1-2 months, down 7.15% from the same period last year.

In January, the export volume of spun clothing hit a new high since September last year, while the export volume of textile products in February has been cut off by a sharp drop since February 2017. The reason is that the "wrong month" effect of the Spring Festival is the main reason. At the same time, the enterprises have a "rush to export" power to avoid the risk of tariffs between China and the United States, so the former February data can not reflect the real export situation.

The twenty-ninth China Fair, which has just concluded, has a turnover of US $2 billion 300 million, which is basically the same as 2018. It shows that with the expectation of Sino US trade negotiations going well, exports are in a downward trend and stabilizing. Of course, under the background of slowing global trade and economic growth, China's textile and garment exports will continue to bear pressure. Therefore, it is more reasonable to judge the trend of the whole year's total trade volume and trade growth in 1-3 months.

In addition, China's footwear products exported 5 billion 164 million US dollars in January 2019, an increase of 9.4% over the same period last year, and the number increased by 15.5% over the same period last year.