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Overview of China's Textile and Clothing Foreign Trade in the First Quarter of 2021

Overview of China's Textile and Clothing Foreign Trade in the First Quarter of 2021

  • Categories:Industry News
  • Author:David Deng
  • Origin:Suze Textile & Clothing Co., Ltd.
  • Time of issue:2021-05-18 09:27
  • Views:

(Summary description)

Overview of China's Textile and Clothing Foreign Trade in the First Quarter of 2021

(Summary description)

  • Categories:Industry News
  • Author:David Deng
  • Origin:Suze Textile & Clothing Co., Ltd.
  • Time of issue:2021-05-18 09:27
  • Views:
Information

In the first quarter, China's overall textile and clothing export performance was stable, with an export growth of 43.7% year on year, and the export volume exceeded the same period in 2019, with an average two - year growth of 8.7% . However, the current external environment is further tending to become grim and complex, and major events have occurred frequently in just three months since the beginning of the year. The epidemic has not yet been over, the market demand has not stabilized, the turmoil in Myanmar has damaged China 's investment enterprises in Myanmar, the continuous fermentation of cotton problems in Xinjiang, the appreciation of RMB and rising raw material prices all have serious adverse effects on China' s exports. In the lack of a stable market environment and trading environment, coupled with the rising year - on - year base, the export performance in the second quarter will be weaker than the first quarter, the growth intensity slowed down, and the year - on - year base tended to fall 
At present, the epidemic situation has been effectively contained in China, the vaccination work in China has been carried out in an orderly manner, the country has been vaccinated more than 200 million times, the United States and other developed countries are also promoting vaccination. However, the poor vaccination situation in some developing countries, including India, has left some time to recover globally, and it is expected that it will take one ~ two years to get the world back on track. 
The epidemic situation amplifies the unfavorable factors in international politics and economy, triggers the potential contradictions at all levels, and makes the black swan event appear continuously, which has caused some adverse effects on the textile and clothing industry in China. However, the epidemic situation has also carried on a test and shuffle to all industries in the world, which has fully proved the resilience and stability of China's textile and clothing industry, and has further strengthened the confidence of the development of the industry and enterprises. The current epidemic situation in some countries has been repeated, so that the new order reverse flow phenomenon is blocked, Europe, the United States, Japan and other key markets orders will once again delay the transfer rate, more to our country 

Chinese enterprises should seize the opportunity to consolidate and then expand their market share in developed countries and slow down the speed of industrial transfer. At the same time, we should pay more attention to the trend of epidemic situation and vaccination in Europe and America, grasp the trend and change trend of large market, adjust production and trade strategy in time, prepare for the post-epidemic era and get the first opportunity. 
 

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