Attention: The Growth Of China'S Cotton Textile And Clothing Exports Exceeded Expectations In July

China Textile Import and Export Chamber of Commerce disclosed on August 7 that China's textile and garment exports continued to rise in July, driven by the expansion of foreign demand and rising prices. On the basis of the last month's export volume, China's clothing exports continued to grow by 8.8% and 8.0% respectively on the basis of last month's export volume.

Some institutions and cotton related enterprises said that China's cotton textile and clothing export growth exceeded expectations in July, but it is expected that the textile and clothing export data in August / September may face downward pressure due to the negative impact of geopolitical events such as Russia Ukraine conflict on the global economy, the inhibitory effect of overseas high inflation on the consumption of clothing products, and the cotton ban in Xinjiang, In particular, cotton textiles, cotton clothing is under pressure or relatively large.

Why is China's textile and garment export growth still strong in July after the Xinjiang cotton ban took effect? Industry analysis has the following factors:

On the one hand, although the export of cotton textiles and clothing in July was greatly affected by traceability orders and non Xinjiang cotton orders, the export of chemical fiber, wool textile and blended textile products increased with the effective control of the epidemic situation in China, the devaluation of RMB exchange rate, and the increase of "double Festival" (Christmas festival and Easter) orders in developed countries such as Europe and the United States; On the other hand, although the United States has banned the import of any products related to Xinjiang since June 21, proving the origin of the products is a difficult task. Even if the technology of gene traceability testing is mature, it takes a long time and costs a test for us customs and border protection and importers. Therefore, gene testing has not been implemented so far, There has not been any seizure or destruction of cotton textiles and garments exported by China directly or indirectly through Southeast Asian countries to the United States (nor have importers been punished accordingly), and the confidence of enterprises has been restored.

In addition, China's textile and garment exports to ASEAN, the "belt and road" countries, Latin America, RCEP Member States and other textile and clothing exports showed a strong growth momentum, making up for the impact of the decline in export growth to the United States and the European Union.