Textile And Clothing Exports Grew Sharply In February

Last February, textiles and clothing

The increase has nearly doubled.

February 2016, year-on-year

High impact, exports are now more than 20% of the rapid decline, dragged down the previous two months, the cumulative decline in exports further expanded.

According to the data released by the General Administration of customs, the export of textiles and clothing in February was 101 billion 990 million yuan, down 23.2% from the same period last year, of which 39 billion 610 million yuan for textile exports and 23% for exports.

62 billion 380 million yuan, down 23.3%.

In 1-2 months, textile and apparel exports totaled 257 billion 580 million yuan, down 10.9%, of which 100 billion 530 million yuan for textile exports, 9.3% for clothing, 157 billion 50 million yuan for clothing exports, and 11.8% for exports.

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According to the analysis report of the National Cotton Association (NCC), the digestion of American cotton is still mainly dependent on exports. Since the beginning of this year, the export of US cotton to China has dropped by 80% compared with the same period last year. The recent US cotton shipment has always been difficult to increase. It is still very difficult to complete the target of USDA (2 million 68 thousand tons).

NCC said that although China's domestic cotton prices have dropped sharply in the past year, it is still nearly twice as high as that of chemical fibers.

Although global cotton consumption has exceeded production this year, stocks at the end of the year have declined, but inventories have not declined significantly. Moreover, the decline in inventory is mainly due to China's digestion of reserve cotton. If China throws large quantities of reserves, the negative impact on international cotton prices is self-evident, especially the supply of reserve cotton will weaken China's demand for imported yarn.

In addition, as an important market for us cotton exports, Turkey continues to carry out anti-dumping investigations against US cotton, which may lead to higher tariffs for us cotton exports to the country, while other varieties exported to Turkey will be duty-free.

In addition, cotton consumption in the US has increased slightly in recent years, but the strength of the US dollar will also inhibit the export of American cotton yarn.

The demand for cotton is low, imports from China are reduced, prices of agricultural products are low, and the strength of the US dollar has become the current cotton price.

According to the statistics of the US Department of agriculture, as of February 25th, the total net export volume of cotton in the US 2015/16 reached 1 million 578 thousand tons, down 603 thousand tons compared with the same period last year, and completed the USDA forecast of 75%, down from 88% in the same period last year.

The shipment volume of US cotton was 876 thousand tons, down 193 thousand tons compared with the same period, and finished 42% of USDA forecast, lower than 43% of the same period last year.

To complete the export target of USDA, the average weekly shipment volume and contract volume of US cotton weekly need to reach 55 thousand and 100 tons and 23 thousand and 200 tons respectively.