Why Is Guangdong'S Export Garment Declining From Traditional Market To Emerging Market?

As in the national foreign trade data, the export volume of traditional bulk commodities is lagging behind, and Guangdong, a major province of textile and clothing exports, is no exception.

From the Guangzhou customs, -4 exports of textiles and clothing in Guangdong in January of this year amounted to 9 billion 750 million US dollars, up 11.4% over the same period last year. Exports to the main traditional markets increased and exports to emerging markets declined.

Industry experts said that the two quarter is a critical period for textile and garment exports, and often determines the export performance of the whole year.

However, the export of textile and garment is hard to recover, and the price of raw materials is soaring.

In addition to the rising prices of raw materials, analysts also said that Guangdong's textile and clothing exports still face two major risks.

The RMB exchange rate problem, which has been quiet for some time, is showing signs of warming. The appreciation of the renminbi, which will start in the middle of the year, will further compress corporate profits.

At present, the profit margin of China's textile industry is only about 4%, and the appreciation of RMB will cause textile and garment export enterprises to bear.

Recently, most textile and garment exporting enterprises, considering the anticipated risks, are mainly signing short-term orders and small orders.

The emergence of international trade barriers has also become a big worry for textile and garment export enterprises.

Argentina recently announced that it had filed anti-dumping investigations against Chinese suits, suits and other products. The United States imposed high anti-dumping duties on gift boxes and ribbons in China.

As a labor-intensive industry which is vulnerable to trade protectionism, the export industry of textile and clothing has been further impacted by the protectionism of Global trade. It can be foreseen that the safety bulletin of the American consumer goods safety commission and the EU RAPEX system for clothing textiles will also increase.