Shandong'S Slowdown In Japanese Clothing Exports

Japan is the main province of our province. clothing Exporter, but the reporter learned from the Shandong Provincial Department of Commerce 26, 1-7 months, the whole province to Japan Textile and clothing Exports of US $2 billion 300 million, an increase of 4.2% over the previous year, was slower than the 12.9 increase in average export growth.

People in the Department of Commerce said that the tight supply of cotton in our province this year and the rapid rise in prices are the main reasons for the export situation. It is understood that cotton prices in our province have been on the rise since the end of last year, rising 37% in the first half of this year, which is close to the highest level in 15 years. Judging from the current situation, cotton The tight supply and demand situation is difficult to change at the moment. High cotton prices will drive the price of raw materials such as cotton yarn and cotton cloth to further increase. Our textile enterprises are facing greater cost pressures and the profit margins of enterprises will be further compressed.

In addition, the Japanese government is currently considering a preferential tariff system for importing products from developing countries, which will reduce the margin of preference. It is understood that the Japanese preferential tariff rate is 5 billion 500 million yen, of which about 20% of our country's use, the tariff increase will further enhance the export price of Japanese textile and clothing, and reduce the competitiveness of our products in the Japanese market.