The RMB Exchange Rate Is Low And The Export Of Garment Industry Is Red.

Garment exports increased by 4.5% in 1-4

Whampoa customs statistics show that in 1-4 months of this year, Dongguan's exports of clothing and clothing accessories (hereinafter referred to as "clothing") were 9 billion 390 million yuan, an increase of 4.5% compared with the same period last year.

In the first 4 months of this year, there was a rapid growth in exports in April, and the year-on-year growth of exports increased significantly.

The export volume reached 2 billion 630 million yuan.

In the same period last year, exports of 2 billion 200 million yuan in April, an increase of 9.8% over the same period, the important signal of the data is that compared with the first 3 months, there has been a rebound.

In the 1-4 month of February this year, only the growth rate of the Spring Festival was affected by the growth rate of the Spring Festival.

At the same time, 1-4 months ago, the main export markets of the United States, the European Union and Hongkong maintained a "two liters and a drop".

Among them, exports to the United States

2 billion 450 million yuan, an increase of 18.1%; exports to the European Union 2 billion 120 million yuan, a decrease of 9.3%; exports to Hongkong 1 billion 800 million yuan, an increase of 9.2%.

In the total export market share of Dongguan, the total market share of the three countries in the US, EU and Hongkong reached 67.8%.

It is noteworthy that, at the end of June this year, the EU market appeared Britain "off Europe".

Britain's free trade is much higher than that of most European countries. With its withdrawal, the share of the EU market will decrease.

In this regard, Dongguan textile

Qiao Rong, Secretary General of Industry Association, told reporters that Dongguan

The share of exports to the EU will be reduced in statistics, but on the other hand, the share of the UK market is likely to increase. Sino British trade will no longer be subject to the EU's unified trade threshold.

General trade exports accounted for 68%.

In the first 4 months, the proportion of general trade exports has increased by more than 6, and the proportion of processing trade exports has decreased significantly.

From the data point of view, 1-4 months of this year, Dongguan has adopted the general trade mode.

6 billion 380 million yuan, an increase of 11.9%, accounting for 68% of the total garment export volume of Dongguan in the same period.

In the same period, the export volume of processing trade was 2 billion 980 million yuan, down 7.2%, accounting for 31.7%.

In contrast, in 2015 1-4, clothing exports to 5 billion 700 million yuan in general trade, an increase of 18.7%, accounting for 63.5% of total garment exports; processing trade exports 3 billion 210 million yuan, down 4.1%, accounting for 35.8%.

Obviously, compared to the same period in 2015, general

Both the amount and the proportion are expanding, especially the proportion has increased by 4.5%.

According to Qiao Rong analysis, we can see that the effectiveness of garment pformation and upgrading continues to expand, and the pace of pformation and upgrading, innovation driven development is continuing to push forward, and more attention is paid to the role of brand, R & D and market channels.

"In the future, enterprises should speed up product structure adjustment and industrial pformation and upgrading. The association itself is also guiding the pformation and upgrading of member enterprises, such as accelerating the docking of the" machine change "tide, coping with labor cost pressure and improving production efficiency.

Another set of data that can refract industrial restructuring is private enterprises in 1-4 months.

5 billion 700 million yuan, an increase of 13.8%, accounting for 60.7%, while foreign-invested enterprises exported 3 billion 600 million yuan, down 7.6%, accounting for 38.3%.

The export of state-owned enterprises is also growing, with an export volume of 90 million yuan, an increase of 15.8%, accounting for 1%.

The renminbi is lower than the US dollar to send good profits.

Dongguan

The export figures of 1-4 months are not easy.

One of the important reasons is the promotion of pformation and upgrading.

However, there is another important factor for trade enterprises, that is, the decline of RMB to the US dollar.

Public data show that since May this year, the RMB has continued to decline against the US dollar, and the central parity of the RMB against the US dollar in May 3rd was 6.4565 yuan, the highest since December 16th last year, and then continued to decline.

In May 19th, the central parity of RMB against the US dollar fell by 315 basis points to 6.5531 yuan a day, a 3 month low since February 2nd of this year.

The spot rate of RMB against the US dollar is lower than that of the US dollar.

It's a good stage.

As we all know, the low value of RMB against the US dollar is conducive to the competitiveness of textile and apparel in the international market, thereby expanding exports.

What can not be ignored is China.

The competitive pressure of product export from emerging market countries is increasing.

In the US market, the textile and garment industry in Vietnam has been developing rapidly under the encouragement of the TPP negotiation prospect. In the EU market, Kampuchea, Burma and Bangladesh enjoy preferential tax exemption arrangements for exports to Europe, and in the Japanese market, ASEAN enjoys preferential tax exemption policies for Japanese exports.

Without exception, these Southeast Asian and South Asian countries are the countries with concentrated investment in textile and clothing because of their relative advantages such as labor, land and taxation.

Li Ziqiang, the chairman of Dongguan entry world Feng Knitting Co., Ltd., which exports mainly European and American markets, points out that the competition of Southeast Asian countries is to Dongguan.

The export brings no small pressure, the enterprise must continuously improve the brand, the technical value, strengthen the added value of the product, and win more space in the export market.

At the same time, we should also pay attention to the strategic opportunity of "one belt and one road", so that we can focus on developing the Central Asian market.