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General situation of China's textile and garment foreign trade in October

Categories:Industry News
Author:David Deng
Origin:Suze Textile & Clothing Co., Ltd.
Time of issue:2021-12-07 15:35
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(Summary description)

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General situation of China's textile and garment foreign trade in October

(Summary description)

Categories:Industry News
Author:David Deng
Origin:Suze Textile & Clothing Co., Ltd.
Time of issue:2021-12-07 15:35
Views:

Information

Since September, China's textile and garment exports have increased further in October, rising as high as 17% in that month, far more than in previous years.

According to the general law, after the export peak in the third quarter, the export scale will fall significantly in October, and the year-on-year growth rate will also shrink. However, the year-on-year export growth rate is further accelerated in October this year, only slightly down 0.7% compared with September.From the perspective of the export of bulk commodities, China's export of China's final consumer goods such as clothing and home textile have achieved rapid growth, especially prominent for the EU and the US markets
Since the beginning of this year, affected by the epidemic, the sea freight has soared, the port loading and unloading labor force in Europe and the United States has been sharply reduced, the phenomenon of cargo stagnation is serious, and the supply chain bottleneck has become the biggest problem for export to Europe and the United States.Thanksgiving for the end of the year, "Black Five" shopping festival, Christmas and New Year's Day stock has become the consensus of merchants, driving China's export volume in advance, export volume reached a record high in the same period

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