- Contact：kelvin Xiong
- Cel：0086-18657937325
- Tell：0086-0579-86613023
- Fax：0086-0579-86613023
- E-mail：Kelvin@alnonwoven.com
- Address：Dongkang Road , Liushi Street , Dongyang City, Zhejiang province
In the fourth quarter, China's textile and garment exports gradually stabilized, and the proportion of intermediate exports in textile and garment exports continued to rise, providing new momentum for international supply chain cooperation and substantive expansion of exports to traditional markets.
From the perspective of intermediate exports, under the low base effect, the number of yarn fabric exports increased for four consecutive months, and the price decline in the fourth quarter narrowed compared with the third quarter as a whole. Among them, the export of yarn fabrics to ASEAN has rebounded, up 3.7% year-on-year, and has turned positive for the first time since April this year.
From the policy level, the Central Economic Work Conference emphasized expanding high-level opening up, accelerating the cultivation of new growth drivers for foreign trade, effectively opening up the blockage of foreign nationals coming to China for business and tourism, and focusing on the implementation of the eight actions to support high-quality joint construction of the "Belt and Road". The "going deep and going solid" of relevant policies will continue to promote China's textile and garment exports.
From the perspective of the international environment, the US economic recovery is better than expected, and the continued digestion of buyers' inventories may bring good news for the export of intermediate products such as yarn and fabric in the next stage.
The decline in yarn exports from January to November narrowed from the third quarter
According to customs data, from January to November 2023, the total value of yarn imports and exports was 18.17 billion US dollars, down 3.7% year-on-year. Among them, the export of US $12.71 billion, down 8.5% year-on-year, narrower than the third quarter of 4.8 percentage points; Imports reached US $5.46 billion, up 9.6% year on year.
Exports fell in November while imports continued to rise
In November 2023, China's yarn exports were 1.06 billion US dollars, down 4.0% year on year; Exports were 495,000 tons, up 3.3% year on year. China's yarn import value of 530 million US dollars, an increase of 56.5%; Imports were 186,000 tons, up 71% year-on-year. Yarn imports pull textile imports 21.8 percentage points, pull textile and garment imports 10.7 percentage points.
Due to the large price difference between domestic and foreign cotton yarn in the second quarter, the willingness of importers to order continues to rise, resulting in the recent arrival of imported yarn to Hong Kong, pushing up imports. Among them, India and Pakistan's exports of cotton yarn to China in November increased by 760.8% and 278.1%, respectively. According to the feedback of several cotton yarn trading enterprises and weaving factories in Jiangsu, Shandong, Zhejiang and other places, it is expected that from December 2023 to February 2024, Pakistan and India's cotton yarn exports to China are difficult to cool down, and the year-on-year growth rate or continue to rise.
Declaration: The content and template of this article are organized from the network, and the copyright belongs to the original author; If there is infringement, please inform in time and contact to delete.
Dongyang Lai Chi Environmental Protection Technology Co., Ltd. has an annual output of more than 40 million square meters of elastic non-woven production line, SSS nonwoven production line, SMS non-woven production line, and a series of elastic deep processing equipment, professional production and sales nonwoven fabric, spinning Nonwoven fabric, elastic nonwoven fabric, medical nonwoven fabric, is your trusted nonwoven manufacturer .
Lai Chi products are: nonwoven fabric, spinning Nonwoven fabric, elastic nonwoven fabric, medical nonwoven fabrics and so on.