According to statistics from the General Administration of Customs of China, my country’s textiles (including textile yarns, fabrics and products) exports in July 2021 were US$11.6982 billion, a decrease of US$4.2787 billion compared with the same period in 2020, a decrease of 26.78%; while in 2021 The export volume of clothing (including clothing and clothing accessories) in July this year was US$16.575 billion, an increase of US$1.2575 billion compared with the same period in 2020, an increase of only 8.21%. From January to July 2021, my country’s textile exports totaled US$80.2529 billion, a year-on-year decrease of 10.8%; from January to July, my country’s clothing exports totaled US$88.0988 billion, a year-on-year increase of 32.9%. The growth rate of textile and clothing exports in July was not only higher than 1 -The cumulative export volume in July “double dropped”, and the export growth rate “double dropped” compared with June.
Some textile and clothing companies in coastal areas such as Guangdong, Jiangsu and Zhejiang believe that the price of cotton yarn has risen sharply in June/July, while the bargaining power of terminal domestic and foreign sales orders is relatively low, and gray cloth/fabric/clothing /Foreign trade companies and other links are under attack from both sides. Many export orders are faced with the dilemma of working in vain and “making a lonely profit”. They are not very enthusiastic about taking orders, arranging orders, and delivering goods. At the same time, sea freight and surcharges continue to rise, and containers are extremely tight (especially North American and European express shipping routes, which have serious backlogs of cargo at ports). On the one hand, buyers and sellers coordinate to postpone shipments and deliveries; on the other hand, they negotiate to share the rising freight pressure. In addition, U.S. inflation in June continued to exceed expectations, and the Federal Reserve is “a dove but a hawk”; the European Central Bank continues to maintain a loose monetary policy. Therefore, the probability of the U.S. dollar rebounding in the third and fourth quarters of 2021 is still high. There is great pressure for RMB depreciation, and European and American buyers are not only lowering prices. It’s relatively tough and the Christmas orders are a little slow. </p
