Textiles and Apparels Export Reached the Peak in July
According to the Customs statistics, the textile and apparel trade value was $28 billion in July in China, which increased 23.6%, among which the export value was $26 billion, increasing 25%, and the import value was $2.01 billion, increasing 7.3%. The trade surplus was $23.99 billion, which increased 26.7%. From Jan to July, the trade Value of textile and apparel was accumulatively $150.7 billion, which increased 24.8%, among which the export value was $137.74 billion, increasing 25.6%, and the import value was $12.96 billion, which increased 16.9%. The trade surplus was $124.78 billion, which increased 26.6%.
July is the peak period of textile and apparel export, and the export value reached a new history record in this month, and it is the fifth consecutive month reached the Y-on-Y and M-to-M growth.
The Export Value to European and USA Reached A New high
EU market: In July, China exported $6.99 billion to EU, reaching a new high record in this year an increased 32.7% Y-on-Y, the growth rate increased 0.6% compared to June. The export value of textile was $970 million, which increased 22% Y-on-Y. The export volume of knitted and woven garments has reached a new high, but the Y-on-Y growth rate dropped quickly, and the export volume was only 0.3% and the export value increased 34.9%. From Jan to July, China exported $31.27 billion to EU, which increased 29.7%, among which the textile export value was $6.88 billion, which increased 23.1%. The apparel export value was $24.39 billion, which increased 31.7%.
USA market: In July, China exported $4.28 billion textiles and apparels, reaching a high point during this year, increasing 12.7% Y-on-Y, and the growth rate increased 2.3% compared to June. Among which the textiles export value was $930 million and apparels export value was $3.36 billion, which increased 5.7% and 14.8% separately. The export volume of knitted and woven garments fell by 6.6%, but the average export price still kept an upward trend, and the Y-on-Y growth rate was 22.8% in this mouth, the M-to-M growth rate was 22.8%. From Jan to July, China exported $20.47 billion textile and apparel to USA, increasing 13.9%. Among which textile export value was $5.36 billion, increasing 10.4%, and the apparel export value was $15.12 billion, increasing 15.2%.
Japan: In July, China exported $2.14 billion to Japan, increasing 30.3% and increased 16.9% mouth to mouth, the Y-on-Y growth rate increased 8.1% compared to June. Among which the textiles export value increased 36.4%, and apparels increased 28.9%. The export volume of knitted and woven garments increased 8%, the average export price increased 19%. From Jan to July, China exported $13.99 to Japan, increasing 24.2%. Among which the textiles increased 32.6%, apparels increased 22.3%.
ASEAN market: In July, China exported $1.77 billion to ASEAN, increasing 41.6%, among which the total export value of yarns and fabrics was $880 million, dropping 5.4%, and increasing 18.3% Y-on-Y, which dropped 9.2% compared to June. From Jan to July, China exported $11.07 billion to ASEAN, increasing 41.1%.
Export Value by Main Trade Methods Increased
In July, the export value by all the main trade methods reached a new high, and maintained a rapid growth. The general trade export value was $20.09 billion, accounting for 77.3% of total export value, increasing 26.6%. The processing trade export value was $4.02 billion, increasing 40.9%. The small border trade performance is active, and the export value reached $8.7 billion in this mouth, which increased 38.3% mouth to mouth and increased 80.9% year on year, the export value and Y-on-Y growth rate both reached a high point during the year. The export value of bonded warehousing transit goods trade and bonded warehouse and outbound goods trade was $540 million, which increased 41.3% Y-on-Y, the growth rate dropped compared to June, but still high.
From Jan to July, the general trade export value was $104.95 billion, accounting for 76.2% of total export value, and the processing trade export value was $23.46 billion, accounting for 17% of total export value. The general trade export value increased 28.2%, and the processing trade increased 13.2%.
Yarn Export Price Growth Trend Slowed
July, textile exports $ 8.7 billion, an increase of 21%, apparel exports $ 17.29 billion, an increase of 27.1%. Textiles, yarn, fabric exports rose slightly compared with June, the export price gains slowed. Yarn export 241,000 tons, down 13.3%, a decline compared to June narrowed by 8.2 percentage points, and export price $ 4,090 / ton, up 27.2%, or higher than in June dropped 7.5 percentage points. Fabric exports grew 4.1%, export price rose 17.6%. Apparel, knitted, woven garments, although the quantity of exports reached a new high, but the downward trend unabated, fell to expand to 1.7%.
July 1, yarn, fabric and knitted, woven garments three categories of merchandise exports reached $ 7.66 billion, $ 26,050,000,000 and $ 72,250,000,000, up 33.5%, 33.1% and 24.5%.
Apparels Import Increased Dramatically
In July, the textile import value is basically same to last year, and apparel import value increased 56%. Among Textiles, the yarns and fabrics import volume dropped 16.9% and 13.9% separately, the drop rate slowed down compared to the previous period. The average unit import price increased 22.2% and 12.3% separately, and the growth speed slowed down. Among apparel, the import volume and value of knitted and woven apparel increased 30.9% and 59% separately, and the average import price increased 21.7%.
From Jan to July, textile import values were $10.92 billion, which increased 10.7%, and apparel import value was $2.04 billion, which increased 67.6%. Among textiles, the import volume of yarn and fabric was still in negative growth, the drop rate were 17.3% and 0.5% separately. The import volume and price of knitted and woven garments increased 51.6% and 13.7% separately.
Textile Raw Material Import Volume and Value Rose Again
In July, the import volume and value of cotton increased compared to the previous period , the import volume in this month was 157,000 tons, which increased 30.8% mouth to mouth and dropped 7% year on year, and the decline rate dropped 25.3% compared to June. The import value was $490 million, and increased 49% Y-on-Y and 28.8% M-to-M. Import prices also declined compared to the previous period, the average import price was $3,110/Ton in this month, which increased 60.2% year on year and dropped 1.6% mouth to mouth, and basically dropped to the level in March. From Jan to July, the cotton import volume was 1,484,000 tons, which dropped 13.4% and the import value was $4.52 billion, increasing 49%. The average import price was $3,040/Ton, which increased 72.1%.
In July, the chemical fiber import value increased slightly, the import volume was 50,000 tons in the month and the import value was $180 million, which increased 3.7% and 24.4% respectively. The unit import price dropped slightly after June after, and the import unit price was $ 3,420 month/ton, which increased 20.1% year on year and a dropped 5% mouth to mouth. From Jan to July, the import volume of chemical fibers was 381,000 tons, which increased 2.8%, and the import value was $410 million, which increased 53%, and the average import unit price was $3,340/ton, increasing 23.3%.
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